In July, China'S Textile And Garment Exports Decreased By 8.1% Over The Same Period Last Year.

According to the latest data released by the General Administration of Customs of China, in July 2012, China

Clothing exports amounted to US $23 billion 889 million, a decrease of 8.1% over the same period last year.

Industry analysts believe that the international consumer market continues to be weak, the external economic uncertainty is strong, foreign trade situation in the short term is difficult to have obvious improvement.

However, with the advent of the peak season of clothing consumption in Europe and America, textile and garment exports or welcomed slightly rebounded in the third quarter.

Data show that in July 2012, China's textile and apparel exports amounted to 23 billion 889 million US dollars, down 8.1% from the same period last year.

Textile yarn, fabrics and products were exported to US $8 billion 2 million, a decrease of 8.05% compared with the same period last year, and exports of garments and accessories were US $15 billion 887 million, a decrease of 8.13% over the same period last year.

Fangzheng securities issued a research report that since 2012, the European debt crisis continued to escalate, the market for Greece's withdrawal from the euro area is expected to continue, Spain also plunged into a huge banking crisis, becoming the euro area is another heart disease.

Europe's macroeconomic environment has had a negative impact on China's textile and clothing trade.

There are two main reasons for this severe situation: one is the European Union textile

Demand is sluggish, and two is part of the market shifting to rival countries.

Liu Yueping, President of Guangdong apparel and apparel industry association, expects textile and garment industry to face severe challenges in the second half of the year.

He said that the international financial crisis is still fermented, and the world economic recovery is weak. The labor costs, financing costs and exchange costs of Chinese export enterprises are all high. The competitiveness of export prices has been weakened and the share of the international market will be squeezed.

However, some experts believe that textile and garment exports will rebound in 8 and September.

Bank Securities analyst Wu Xiaobin pointed out that the annual Christmas season is the peak season for clothing consumption in Europe and the United States, so the export period of garment industry is active in the third quarter.

"8 and September export orders may increase, but there is no substantial improvement in the external demand market in the short run. In the long run,

Exports will face more challenges. "