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The foreign trade market shows a good trend in the Christmas season
Release date: [2023/11/21] Read total of [68] times

Since the beginning of this year, foreign trade is less than expected plaguing many textile enterprises, to some extent, the traditional peak season is not as good as before is also affected by the lack of foreign trade orders. According to market practice, in the second half of the year, textile enterprises in addition to cope with the domestic "double eleven", will also usher in a wave of Christmas season foreign trade orders, an industry and trade integration enterprise also said that foreign trade orders do pick up, mainly Christmas season orders have been issued.

The foreign trade market shows a good trend

According to the General Administration of Customs, in October, China's textile and apparel exports to the world were 22.97 billion US dollars, down 4.8% year-on-year (in yuan terms, down 1.5% year-on-year). Among them, textile exports were US $10.71 billion, down 3.3% year-on-year (slightly up 0.1% in RMB terms); Garment exports were $12.26 billion, down 6.0 percent year-on-year (down 2.9 percent year-on-year in yuan terms), down 0.6 percentage points from the previous month.

At present, the global economic growth is slowing down, the global textile supply chain is in the stage of deep adjustment, and the textile foreign trade market as a whole is under pressure. However, with the year-on-year decline further narrowed, positive changes are gradually taking shape, and the release of orders during the Christmas period undoubtedly injected a little vitality into the foreign trade market.

Taking a textile enterprise as an example, foreign trade orders in the first half of the year could barely maintain for about a month, and the shrinkage rate was close to 50%. Coincidentally, another textile owner has also received many foreign trade orders. Because the delivery time is very tight, the factory is rushing production at present.

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