Ministry of Commerce: Domestic textile and garment export faces greater pressure

At the first "Zhengzhou Agricultural Products** (Cotton) Summit Forum" held recently, Ren Feng from the Textiles Import and Export Division of the Ministry of Commerce's Foreign Trade Department stated that from the current situation, China's textile and garment exports still face relatively large internal and external pressures. The annual export volume of textiles and clothing was over 180 billion US dollars.

Ren Feng said that the major reasons for the pressure on textile exports facing internal and external pressures are mainly due to the rise in the prices of raw material products and freight, the difficulties faced by the textile industry, the rising tide of salary increase, the appreciation of renminbi, and the increasingly serious trade protectionism. “At present, the domestic textile industry has an average profit margin of 3% to 5%, and the company’s ability to raise prices is relatively low. In addition, some members of the U.S. House of Representatives have recently put forward a 2010 security bill. If this bill is passed, it will directly affect China’s textile and apparel industry. Export environment. Affected by protectionism, some large customers have already adjusted their layout, dispersed their purchases in China, and even transferred some orders to Southeast Asia.” Li Feng believes that combining these factors, it is expected that China’s garments will continue its steady growth in the second half of the year. However, the increase in exports for the whole year may be higher or lower.