Analysis of Textile Foreign Trade Index in July

First, the export situation of the textile industry is still grim 1. The external economy has failed to constrain exports. In July, the economy in Europe and the United States continued to grow at a low rate. The willingness of the public to consume daily gradually decreased, and the international textile consumer market entered an off-season. Under the background of a weak external economy, domestic textile exports have fallen into a pattern of low growth.

2. International textile competition continues to increase. Due to high domestic production costs, the shift in international textile orders has become increasingly evident. Southeast Asia has used manpower, space, and other advantages to snatch international orders, and some countries have used trade technical barriers to raise textile entry thresholds and have protected their textile industries. Between the competitive pressures.

3, ** fluctuate more frequently. In July, the exchange rate of the *** changed more frequently in the international currency market. This has a huge impact on the textile companies that mainly export to the European, American and Japanese markets, pushing up the cost of foreign exchange for companies. In the face of frequent fluctuations in the exchange rate, companies lack effective means to avoid risks, making many companies hesitant to face long-term orders.

2. Multi-measures to maintain stable growth of foreign trade In response to the complex and grim internal and external environment, foreign trade enterprises in Shaoxing County have long-term perspective, make full use of the forceful mechanism formed by tight market environment, accelerate the transformation of foreign trade development mode, cultivate new competitive advantages in foreign trade, and cultivate brands. , Pay attention to marketing network and R&D design. In order to change the stalemate in the weak economy of foreign trade.

1, take the initiative to win foreign trade opportunities. Today, Shaoxing County's foreign trade companies have actively changed the business model of “remaining the wait” and took the initiative to deliver the newest, more intentional samples to customers and win customers in terms of time and service.

2, wide window to close the foreign distance. All along, exports are the focus of Shaoxing's textile industry. This year, Shaoxing County's efforts to expand overseas markets remain unabated. Deeply push the “Global” campaign to expand the “transnational map”, speed up the establishment of Russia’s offshore market, and run new overseas offices in Paris, Seoul and London.

3, e-commerce has become a new way of trade. Since the beginning of this year, two major projects, namely “Online Textile City”, “Network Business Agglomeration Zone” and “China Textile City Virtual Market” have been put into operation. Through the implementation of new trade methods, the online trading of online textile city also stimulated the development of the physical market.

Third, the superposition of internal and external factors led to the decline in prices The foreign trade enterprises in Shaoxing County faced with unfavorable factors such as continued weakness in external market demand, continued rising domestic export costs, frequent and diversified trade frictions and other factors.

1. The lack of external economy constrains exports. As the economic recession in the euro zone is deeper than previously forecasted, demand is weak and confidence is low; fiscal tightening has inhibited the improvement of private demand and has limited the momentum of the U.S. economy. Light textile products exported from Shaoxing County to Europe and the United States have reduced their export growth momentum from the previous period due to the above reasons. In the past, the growth rate of emerging economies has slowed down, and the textile trade among developing countries has been blocked.

2. The rising cost of the industry affects the price. While developed countries such as the United States and Europe have begun to prevail in trade protectionism, some emerging market countries have also followed suit. A few days ago, Brazil also introduced a new customs clearance policy. Customs can deliver goods without having to rely on the original ocean bill of lading. This will undoubtedly increase the export risk cost for enterprises in Shaoxing County, resulting in a reduction in the export volume of enterprises. Domestically, due to technical reforms and energy-saving and emission-reducing efforts of processing companies, the impact of power cuts, rising labor costs, and exchange rates is difficult to resolve. Due to the double attack of internal and external factors, the export volume of light textile products rebounded, resulting in a slight decline in the current price index.

The next index forecasts that with the implementation of the State Council’s relevant national policy on innovation and stable import and export later this month, the positive news that the economic confidence in the euro zone and the EU will rise will surely boost the growth of foreign trade exports in Shaoxing County. It is expected that the next-period foreign trade prices and economic indicators will all show corresponding upward trend.