Textile & apparel exports up 25.73% yr-on-yr in H1

The Running Situation Analysis of China Textile Industry for the First Half Year of 2011 and the Trend Forecast Report for the Whole Year, which was released by China National Textile and Apparel Council (CNTAC), showed that the export volume of textile and apparel from January to June rose 25.73 percent year-on-year to US$ 111.725 billion, and the growth rate increased by 3.69 percentage points year on year. During the first six months, the export volume of four individual months exceeded US$ 20 billion.

According to the forecasting of China National Textile and Apparel Council, from January to May, the export price of textile and apparel increased by 21.49 percent, the export price index of textile rose by 24.91 percent, and the export price index of apparel rose by 18.91 percent.

From January to May this year, the export price of China textile and apparel increased by 21.49 percent. This over 20 percent increase is especially outstanding since China textile and apparel export industry has, for a long time, been winning the market with price competitiveness. In particular, under the influence of various factors such as unstable international market demand and appreciation of the RMB exchange rate against the U. S. dollar, the result is undoubtedly a piece of exciting news.

Factors such as the rising cost of cotton and chemical fiber raw materials and the soar of labor cost are one of the reasons for the price hike of textile and apparel. However, after deep analysis, we see that rise in cost can't support price hike. Searching for the root, it's found that the main reason is that the structural adjustment of enterprises in textile and apparel industry in China has begun to take effect in recent years. In the middle of the year with prospects of more complicated international market in the next half year, how should we look at the export price hike of textile and apparel?

First of all, it's noticed that, through technological innovation and brand cultivation, China textile and apparel have preliminarily obtained bargaining power in the international market.

Textile and apparel trade is the most fundamental and active part of the world economy, and China textile and apparel is the main impellor of the world textile and apparel trade. In the past 20 years, the world economy has increased by 1 percent, the world textile and apparel export expressed in US Dollars has increased by 2 percent, and China textile and apparel export has increased by 4.86 percent. In recent years, the growth of China textile and apparel trade has obviously accelerated compared with the world textile and apparel trade.