Exports of textile yarn, fabrics and products fell by 6.62% in October
November 2014 ——China’s exportof textile yarn, fabrics and products in October 2016
In October 2016, the export value of fabric yarn, fabrics and products was US$8.598 billion, a year-on-year decrease of 6.62%.
From the perspective of the fabric industry, fabric exports dropped sharply in September. According to statistics, my country’s fabric workwear exports in September were US$22.76 billion, a year-on-year decrease of 15.4%; from January to September, fabric workwear exports totaled US$22.76 billion. Exports amounted to US$201.1 billion, a year-on-year decrease of 4.9%. However, in the retail sales of goods, the retail sales of work clothes, shoes, hats and knitted products in September were 117 billion yuan, a year-on-year increase of 6.7%. From January to September, the retail sales were 1.002 billion yuan, a year-on-year increase of 7.2%.
The continued strength of the fabric market in October was mainly due to the good performance of various products in the polyester industry chain and the strong promotion of the small variety cocoon silk market. However, there is a higher possibility of a market correction in November. At the same time, from the perspective of the entire fabric industry, the fabric export situation is still severe. In November, the fabric industry will also enter the off-season of demand. Affected by the shrinking demand, the overall situation will start a “cold winter” mode. The fabric index is estimated to be 850 points high and 830 points low. point.
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