According to data recently released by the General Administration of Customs, in December 2021, textile and apparel exports continued to grow under the pull of increased international market demand and holiday promotions to achieve a successful conclusion. 2021, China’s textile and apparel exports exceeded $ 310 billion, a record high.
The data is encouraging, but it is important to see that, entering 2022, the uncertainty and instability facing foreign trade in textiles and clothing increased. On the one hand, Omicron mutated virus for global trade overshadowed, on the other hand, with the evolution of the new crown pneumonia epidemic, the layout of international purchase orders or re-adjustment, the situation of export orders back to China may change.
The survival situation of small and medium-sized foreign trade enterprises in textiles and garments also face a number of problems, such as lack of core, lack of cabinets, lack of labor and freight, raw material costs, energy resource prices, exchange rate changes and other factors. Many textile and garment foreign trade enterprises profit margins are compressed, generally facing the “increase in revenue does not increase profits” the reality of the dilemma. Coupled with downstream consumption shrinkage, orders reduced and other factors, the impact of foreign trade in textiles and clothing enterprises to further expand export confidence has been affected.
However, it is also necessary to see the factors that support exports to maintain stability are still a lot.
From the policy environment, the recent executive meeting of the State Council to deploy a number of stable foreign trade policy, the Ministry of Commerce and other departments to put forward a package of response measures, the National Development and Reform Commission proposed four measures, as well as the RCEP officially came into force to implement a series of policies for import and export enterprises to solve problems, foreign trade in 2022 to escort.
From the perspective of the textile and apparel industry itself, China as a large textile exporting countries, the industry chain is complete, and has a strong advantage of international cooperation and integration development. 2021, textile and apparel exports throughout the year to achieve “more than expected” growth, and in September to December for four consecutive months to achieve positive month-on-month growth. In particular, the export growth of major categories of goods by the export volume and export prices together to promote, of which export prices are particularly prominent, these are the advantages of China’s textile and apparel industry chain is reflected.
From the point of view of market demand, by the virus variation, the impact of the re-escalation of the epidemic prevention and control, the rebound in the export of epidemic prevention materials, the key market reliance on China’s products has also been strengthened. 2021 October data show that China’s share of the EU market still maintains a rising trend, the share of the United States and Japan, although slightly lower than in September, but also at a high level during the year. At the same time, the structure of foreign trade in textiles and clothing is more diversified.
On this basis, in 2022, textile and apparel foreign trade enterprises to implement the spirit of the Central Economic Work Conference, the word stable, stable progress.
First of all, we should grasp the opportunity of stable foreign trade policy and the implementation of RCEP, integrate high-quality international resources, and shape new advantages in international competition. Take the initiative to align with the high standard international economic and trade rules, deepen production capacity cooperation; consolidate traditional advantages, explore emerging markets, and create a diversified export market pattern; strengthen the professionalism and influence of international exhibitions, standardize the development of cross-border e-commerce, and cultivate new foreign trade growth points.
Secondly, we should correctly handle the relationship between domestic development and international transfer, strengthen the analysis and judgment of the international situation, enhance the identification and early warning ability of environmental risks, textile and garment export enterprises to standardize the cooperation process and prevent trade risks.
In addition, should continue to improve the quality of products in the process, accelerate the development of independent brands, promote the renewal and rejuvenation of traditional brands, help new brands derived and rise, expand the profitability of the international market.