Shandong Textile Products Export Growth Slowed Down
In October, Shandong's textile and garment exports reached 1 billion 290 million US dollars, up 5.8% from the same period last year, down 2.9 percentage points from last month.
Among them, exports of textiles amounted to 610 million US dollars, an increase of 2.2%, and clothing exports of US $690 million, an increase of 9.6%.
First, the large number of exporters declined sharply.
Exports of the top 4 enterprises in the province have dropped. Among them, Wei Qiao textile and Lu Tai Group have fallen by 41.2% and 14.8% respectively, and the group of Qingdao and Japan has dropped 0.8%.
The two is the slowdown in exports of home textiles and other superior products.
Bedding decreased by 2.2%, and towels increased by only 6.2%.
Three, the key export markets have shrunk.
Exports of textiles and clothing to Asia decreased by 6%, including 25.5%, 19.2%, 13.3%, 8.6% and 0.7% for Hongkong, Korea, India, ASEAN and Japan, while exports to the US increased by only 2.8%.
Four, the export of processing trade dropped by 7.4%, while general trade increased by 14.7%.
In 1-10 months, Shandong's textile and garment exports increased by 14%, accounting for 13 billion 20 million US dollars, accounting for 16.7% of the total exports of the province.
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