Although affected by the slowdown in foreign demand, high temperature and power restrictions, the continued impact of the epidemic, the first three quarters of this year, China's Textile And Apparel export growth has fallen, but the highlights are still visible. Warm product exports grew significantly, textile and apparel exports to RCEP member countries and some emerging markets rose rapidly, all show that China's textile and apparel still has greater export potential. The relevant person in charge of the information department of the China Chamber of Commerce for Import and Export of Textiles expects that China's textile and apparel exports will still achieve modest growth throughout this year.

Data show that from January to September 2022, China's textile and apparel import and export volume of 266.31 billion U.S. dollars, up 7.3%, of which, exports of 248.86 billion U.S. dollars, up 9.3%, imports of 17.45 billion U.S. dollars, down 15.4%. January to September, China's textile and apparel exports increased by 8.9% and 9.7%, respectively, the major categories of goods yarn, fabric The export of yarn, fabrics, knitted and woven garments and home textile products increased by 17.8%, 16.1%, 14.9% and 0.6% year-on-year, respectively.

Specific commodities, by the expected cold winter in Europe and the energy crisis caused by the Russian-Ukrainian conflict, this year, the export of electric blankets and other warming products encountered a sales explosion, the export volume achieved rapid growth. Data show that in the first three quarters, China's electric blanket exports a total of more than 20 million, an increase of 18.2%, of which, China's electric blanket exports to Europe nearly 5 million, an increase of 34%.

By the export market, this year, China's textile and clothing exports to the Kyrgyzstan market has been the most bright, data show that from January to September, China's textile and clothing exports to Kyrgyzstan cumulative $6.3 billion, an increase of nearly double. "Kyrgyzstan's ranking in China's single export market for textiles and clothing quickly jumped from 22nd last year to 7th, surpassing traditional markets such as the United Kingdom and Australia. China's exports of apparel goods to Kyrgyzstan grew at a faster pace, with China's cumulative apparel exports to Kyrgyzstan in the first three quarters amounting to $5.67 billion, up 101 percent year-on-year." The above-mentioned person in charge said.

Driven by the implementation of the RCEP agreement, China's textile and apparel exports to RCEP member countries have maintained a good growth trend so far this year. Data show that from January to September 2022, China's cumulative exports of textiles and garments to the 14 RCEP agreement member countries amounted to $70.9 billion, up 15.7% year-on-year.

However, at the same time, the growth rate of China's textile and apparel exports to the U.S. and European markets fell back at the end of the third quarter. Data show that from January to September China's textile and apparel exports to the U.S. $ 42.61 billion, up 2.6% year-on-year; to the EU cumulative exports of $ 37.37 billion, up 9.8%; to ASEAN cumulative exports of $ 41.71 billion, up 22.9%.

As the final consumer goods of clothing, home textiles and as intermediate goods of the industrial chain yarn, fabric in September appeared for the first time since the beginning of the collective decline, for the reasons for the decline, the above-mentioned person in charge of the analysis that mainly includes two aspects, one is, the United States and Europe inflation, interest rate increases lead to consumer demand for non-essential goods other than food and energy shrink, coupled with high inventory, the United States and Europe, the purchasers of the region to buy Insufficient willingness; Secondly, overseas terminal consumer goods demand is sluggish, but also affect the market in Southeast Asia, South Asia and other places on the willingness to buy intermediate goods, resulting in China's textile and apparel intermediate goods export growth rate fell. According to the China Chamber of Textiles Importers and Exporters, some of the member companies in Southeast Asia set up factories, the local factory orders on hand in September than in previous years fell sharply, resulting in these areas of China's textile and apparel intermediate goods imports growth rate slowed significantly. Data show that from June to August, China's export volume index of fabrics to the ASEAN region were in double digits, remaining between 14% and 23%, but in September, the index dropped to a single-digit 9.4%.

In the fourth quarter, the global economy continues to weaken combined with repeated domestic epidemic, the above-mentioned person in charge of the quarter is expected to fall in China's textile and apparel exports, exports are likely to appear negative growth year-on-year. However, the first half of the export performance of good accumulation of the foundation, it is expected that this year, China's textile and apparel will still achieve about 3% modest growth. In addition, it is worth noting that, although the current peak period of export of electric blankets and other warm products has passed, but if this year, Europe suffered a severe winter, out of the market boom and the demand for replenishment of inventory, it is expected that the end of this year, the export of warm products will still reproduce a wave of sales boom.