In the first three quarters of this year, China's foreign trade was stable and showing a positive tr

Issuing time:2018-11-10 11:36

According to the latest data released by the General Administration of Customs, in the first three quarters of the year, China's foreign trade achieved relatively rapid growth, the structure continued to be optimized, the power transformation accelerated, and the quality and efficiency further improved.

The overall steady growth of imports and exports has been further consolidated, laying a solid foundation for the high-quality development of foreign trade.

Judging from the overall foreign trade situation of the textile and garment industry, in September this year, China's textile and clothing exports totaled US $26.608 billion in US dollars.

Of this total, US $10.6 billion was exported for textile yarn, fabrics and products, and US $16.008 billion for clothing accessories.

In the first three quarters, textile and clothing exports totaled $207.77 billion, up 4.6% from the same period last year, and continued to maintain steady growth.

Of which, textile exports in the first three quarters of $89.29 billion, a cumulative increase of 10.5% compared with the same period last year; clothing exports of $118.48 billion, a cumulative increase of 0.6% year-on-year.

China's textile and clothing exports totaled 1.35034 trillion yuan in the first three quarters of the year, down 0.6 percent from the same period last year.

Of these, textile exports in the first three quarters were 579.34 billion yuan, up 4.7% from the same period last year; apparel exports totaled 771 billion yuan, down 4.2% from the same period last year.

Textile and clothing exports totaled 181.95 billion yuan in September, including 72.45 billion yuan in textile exports and 109.5 billion yuan in clothing exports.

A responsible person of the Foreign Trade Department of the Ministry of Commerce pointed out when introducing China's foreign trade operations in the first three quarters that the value of China's foreign trade imports and exports in the first three quarters of 2018 increased quarter by quarter, the growth rate in the third quarter was significantly higher than the same period last year, and general trade imports and.

For some of the countries along the "Belt and Road" line, the growth of imports and exports is good.

At the same time, mechanical and electrical products, labor-intensive products are still the main export.

The first three quarters of 2018, china's clothing, toys and other seven categories of labor-intensive products total exports of 2.29 trillion yuan, down 0.8%, accounting for 19.3% of the total value of exports.

A spokesman for the General Administration of Customs said that since the beginning of this year, China's economy has maintained an overall stable, and improving development trend, and a number of economic indicators have been generally stable.

Although the international economic and trade situation is facing uncertain and unstable factors, the global trade in goods as a whole is still growing.

In the first three quarters, China's import and export continued to maintain a steady and progressive momentum of development under the comprehensive action of various factors at home and abroad.

Nevertheless, export enterprises still need to pay attention to and guard against the export risk factors of foreign trade.

The 2018 "country risk Analysis report" released recently by the China Export Credit Insurance Corporation suggests that since trade friction broke out between China and the United States, US buyers have abandoned their goods due to their inability to pay their own import duties, or downstream sales have been poor due to rising costs.

As a result, there has been an increase in the number of malicious defaults on loans.

In terms of overseas investment, following the implementation of the Foreign Investment risk Review Modernization Act in the United States, Chinese companies will face a broader investment review, a longer review cycle, and a stricter reporting system.

This will make it more uncertain for Chinese companies to invest in the US.

Differences between China and the US are still focused on trade, but risk signals are emerging in the investment sector.


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