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How difficult it is this year, the latest data of the General Administration of Customs show that in November 2023, China's textile and apparel exports totaled 23.665 billion US dollars, a year-on-year decline of 2.96%, the seventh consecutive month of decline, the decline narrowed from the previous month, an increase of 3.05% from negative to positive. Among them, textile exports were 11.12 billion US dollars, down 1.3% year-on-year, an increase of 3.8%; Garment exports were $12.55 billion, down 4.4% year-on-year and up 2.4% month-on-month.
Foreign trade is also on the roll
In recent years, no matter what industry is rolled into the wind, the textile industry is also difficult to stay out of it, the price war in various fields, foreign trade compared with domestic trade, the biggest advantage in the past is that the profit is higher, and now the number of orders in Europe and the United States is not only reduced, but also declined in terms of profit. A main foreign trade boss said: "Now brand customers are demanding, the price is still low, but high quality means our cost is also high, the price pressure profit is even lower."
Global consumption downgrade is a big phenomenon, even brand customers are difficult to escape, and in order to more attract people to consume, you can see more and more clothing companies in the development of more special clothing, recently Xiaobian on the Douyin saw a clothing store in vigorously promote their own color-changing down jacket, the realization of these functions, have to rely on the textile market fabric, But it can also be seen that such a functional garment increases the difficulty of the fabric at the same time, the price increase is actually very limited, so it is also crucial for clothing companies to control costs.
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