In the first half of the year, the number of textile exports may show negative growth

On March 6, the China National Textile and Apparel Council announced that last year China’s textile and apparel export volume fell seriously, only 0.5% year-on-year. It is expected that export demand will remain insufficient in the first half of this year, industry pressure will become more prominent, and the number of industrial exports may show negative growth.

According to Sun Huaibin, spokesperson of the China National Textile and Apparel Council, due to the sluggish international market, raw material price fluctuations and environmental tightening, the growth rate of China's textile industry’s major economic indicators showed a slowdown last year, and the export volume and industry profit growth slipped. Among them, the enterprises above designated size achieved a profit of 295.642 billion yuan for the year, a year-on-year increase of 25.94%, and a decrease of 27.6 percentage points from the growth rate in the first quarter. At present, the operating rate of enterprises above the designated size of the industry is above 80%, but some small and medium enterprises export processing companies are more difficult, and the operating rate of some industrial clusters in the Pearl River Delta is only about 40%.

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