The total amount of textiles and clothing imported

2022-08-03
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According to the statistics of China Textile Import and Export Chamber of Commerce, as the largest supplier of U.S. clothing products, China exported 5.26 billion dollars of textiles and clothing to the United States in August, including a 5.7% increase in clothing exports

among the top ten import source countries, 7 countries' clothing exports to the United States increased year-on-year, including China, Vietnam, Cambodia, Bangladesh, Honduras, India and El Salvador. Clothing exports from Pakistan, Indonesia and Mexico to the United States have declined. From the perspective of the seven growing countries, China is no longer the country with the fastest growth rate of clothing exports to the United States

strong growth in three Southeast Asian countries

according to the statistics of the textile and clothing office of the U.S. Department of Commerce (OTEXA), in August, the U.S. imported clothing products from the world increased by 13.5% year-on-year, more than 7.1% in July. Among them, Cambodia has the strongest growth, ranking among the countries with the fastest growth in clothing exports to the United States in August with double-digit growth. In addition, Bangladesh and Vietnam also showed strong growth

according to the data from January to August this year, the situation is basically consistent with that in August. From January to August, the total import volume of US textiles and clothing increased by 9.5%. Among the top ten source countries of imports, Indonesia, Pakistan and Mexico continued to decline, while the other seven countries achieved growth. Among them, Vietnam, Bangladesh and China saw the largest growth

in this regard, michellerussell, an American fashion commentator, said that in terms of countries, Vietnam is now the most competitive country compared with China. Because its labor cost is lower than that of China, and compared with other exporting countries except China, its textile and clothing industry has a higher degree of specialization and modernization, and higher product added value. In recent years, many foreign direct investment flows to Vietnam, and this will become a trend. In August, China liantai Holdings Co., Ltd. announced to invest in Vietnam to build a factory. As more and more Chinese enterprises invest in Vietnam, the country's industrial chain will become more complete

in addition, although the plant safety problem has not been completely solved, there is no doubt that Bangladesh is still the destination for many purchasers in the world to conduct low-cost procurement

in april2013, the collapse of Rana garment building in Bangladesh caused many textile workers' casualties. The textile and garment industry and the government of the country have issued remediation plans, committed to solving workers' safety problems and protecting workers' rights and interests, and even closed some garment processing plants for this purpose. At present, most purchasers have resumed normal orders

in August, the sudden rise of Cambodian clothing exports to the United States is not surprising in the eyes of American fashion commentators. Michel Russell admitted that the development of Cambodian garment processing industry has been slow due to worker strikes, labor disputes and imperfect factory equipment. However, now the garment industry has become the largest manufacturing industry in the country. Recently, the Cambodian Ministry of labor and vocational training announced that the minimum wage for clothing and footwear in Cambodia in 2016 has been raised to $140 per month. Nevertheless, this is still a very low wage standard in the global garment processing industry

in addition, last month, the country with no signs of skidding announced that it would establish a professional training institution for garment processing workers in Phnom Penh to train local workers to fill the vacancy of middle-level management, and provide vocational training courses, such as professional design and pattern making. These training fees will be paid by the processing plant employer

high cost performance should be "China's advantage"

for this reason, some people worry that the rising wages of workers and other trade factors will gradually weaken the competitiveness of China's garment production on the world stage. However, higher production efficiency and stable infrastructure will enable China to continue to maintain its leading position

according to the statistics of China Textile Import and Export Chamber of Commerce, as the largest supplier of clothing products to the United States, China exported $5.26 billion of textiles and clothing to the United States in August, of which clothing exports increased by 5.7%. In fact, since May this year, China's clothing exports to the United States have maintained a steady growth. In May, China's clothing exports to the United States increased by 6.5% year-on-year; From January to June, China's clothing exports to the United States reached US $15.25 billion, an increase of 7.1%; In July, it increased by 13.6%; In August, it increased by 5.7%

Michel Russell once wrote: "China will still be the most important source of global clothing procurement, and the rising prices will be offset by productivity. So far, no country can compare with China in terms of supply base and scale, including product quality, richness and a complete industrial chain."

Chinese garment export enterprises also agree with this statement. Xianmeijun, manager of Guangzhou Qintai Trading Co., Ltd., said: "the price factor is very important, but through our understanding of purchasers, it is not just a single factor of price that determines the purchase, but the cost performance combined with price and production efficiency. Only high production efficiency and reasonable price can promote export trade." Ti Changchun, general manager of Tianjin detai Tengda Co., Ltd., which has more than 10 foreign brands, also said: "The biggest advantage of our company is its service capability based on a good mechanism. In particular, the ability to deliver goods within 30 days is impossible for many enterprises, especially other countries in Southeast Asia. With the gradual rise of China's labor costs, it is no longer meaningful to simply talk about price advantages. The only thing we can do is to improve the cost performance and offset the high costs with higher efficiency."

on the other hand, Michel Russell said that in fact, most American brands and retailers are not worried about the little increased cost of purchasing from China, because China is not only a big exporter, but also a huge consumer market. When these brands ship their purchased goods back to China for sale, they usually add back the higher cost to ensure profits

the conjecture of RMB depreciation is broken

in addition, michelrussell once said that RMB depreciation is regarded by American brands and retailers as a lever to reduce procurement costs. Gaopinya, manager of Jiangsu Hongdou import and Export Co., Ltd., said: "the export situation has been bad since this year. The depreciation of RMB can bring breathing opportunities to export enterprises. Export enterprises need to accelerate internationalization and actively anticipate the changes in the international retail industry. Only when the product quality and production efficiency exceed the expectations of buyers can they withstand the impact." However, the facts do not match the expectations. In recent days, the RMB has risen continuously. As of the press date, the central bank announced that the RMB was 6.3321 against the US dollar and the central parity rate was 6.3231. This is also the eighth consecutive trading day of appreciation of the central parity since September 25, with a cumulative increase of 560 points, or 0.88%

in this regard, many export enterprises said they did not expect such a trend. After all, the export situation this year is not good. I mistakenly thought that the RMB would depreciate for a long time to promote the growth of import and export

on the other hand, this also confirms the view that it is not reliable to rely solely on currency depreciation to attract buyers, and improving production efficiency is the primary task

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