China's textile industry is confronted with a complex and severe external environment

This year, China's textile industry has been confronted with a complex and severe external environment, and the pressure on exports has significantly increased. Especially after the second quarter, due to the frequent adjustments in the US trade policy, the industry's exports to the US have shown significant fluctuations. Customs data shows that the trade volume of China's textile and apparel exports to the United States decreased by approximately 20% year-on-year in April and May. However, thanks to a complete industrial system and advanced manufacturing advantages, as well as the effectiveness of a diversified international market layout, the industry's reliance on a single market has continued to decline. Its exports to developed economies such as the European Union, Japan, and South Korea, as well as emerging markets like Bangladesh, Cambodia, Indonesia, Brazil, and Nigeria, have remained vigorous, demonstrating strong export resilience. In June alone, China's textile and apparel exports to the world reached 27.31 billion US dollars, a slight decrease of 0.1% year-on-year (up 1.1% year-on-year in RMB terms). Among them, textile exports were 12.05 billion US dollars, a year-on-year decrease of 1.6% (a year-on-year decrease of 0.3% in RMB terms). Clothing exports reached 15.27 billion US dollars, increasing by 1.1% year-on-year (2.3% year-on-year in RMB terms).In the face of the current foreign trade situation, China's textile enterprises urgently need to flexibly adjust their strategies. On the one hand, they should take market diversification as a key measure to enhance the security and resilience of foreign trade and continuously strengthen their risk resistance capabilities. On the other hand, we should focus on enhancing the resilience of our own industrial chains and the added value of our products, and actively utilize new business forms and models to accelerate the cultivation of new drivers for foreign trade growth.Declaration: The content of this article is compiled from the Internet and the copyright belongs to the original author. If there is any infringement, please inform us in time and contact us for deletion.