Due to the Westernization of Europe and the United States and other Western countries and the impact of overseas destocking, since the first quarter of this year, China's textile and garment exports have continued to decline for as long as 6 months, with the industry transformation and upgrading, overseas destocking is coming to an end, the industry landscape is significantly warmer, and the garment industry profits are the first to turn positive.

The clothing industry is recovering?

According to the statistics of China's General Administration of Customs, in September, China's textile and apparel exports were 26.2 billion US dollars, down 4.8% year-on-year, and the decline further narrowed by 3.6 percentage points, and the market was significantly warmer than in previous months.

According to Shenwan Hongyuan statistical analysis: in the first three quarters of 2023, all listed companies in the textile and apparel industry achieved a total operating income of 358.468 billion yuan, an increase of 2.99%; The total net profit returned to the mother was 22.850 billion yuan, an increase of 9.26%. Among them, the three sub-industries of textile manufacturing, clothing and home textiles and jewelry achieved revenue of 92.086 billion yuan, 115.634 billion yuan and 150.749 billion yuan, respectively, the year-on-year change rate was -6.06%, -4.99% and 17.49%. The net profit returned to the mother was 6.844 billion yuan, 11.361 billion yuan and 4.646 billion yuan, respectively, with a year-on-year change range of -8.20%, 21.36% and 13.37%.

In addition to the profit of the textile manufacturing industry is still negative, the clothing home textile and jewelry industries have obtained a double-digit positive growth, fully indicating that the rate of home textile and clothing has rebounded, mainly due to the textile in the sea grab orders, transformation and upgrading efforts have been rewarded.

China Textile Federation 2023 Greater Bay Area Textile Fair will be held on November 6-8

As a major national strategy, the Guangdong-Hong Kong-Macao Greater Bay Area will undoubtedly take the lead and set a good example in promoting high-quality development. Today, the Guangdong-Hong Kong-Macao Greater Bay Area fashion industry has taken the lead, with the help of geographical advantages, the Guangdong-Hong Kong-Macao Greater Bay Area in the field of textile and garment development space, so that the industry has more expectations.

From November 6-8, 2023 China Textile Federation Greater Bay Area International Textile and Apparel Expo (hereinafter referred to as "Greater Bay Area Textile Expo") will be held in Shenzhen International Convention and Exhibition Center (Bao 'an New Hall) as scheduled. As another important market activity of China Textile Federation in 2023, the Greater Bay Area Textile Fair has an important role in linking the past and the future, and is therefore highly concerned by the industry.

In 2023, China Textile Association continues its many years of successful exhibition experience in Shanghai, and gives play to the brand effect of China Textile Association. Gather the Greater Bay Area International Textile and Accessories Expo (intertextile apparel fabrics), Greater Bay Area International Textile and Yarn Expo (yarnexpo), Greater Bay Area International Knitting Expo (PH Value) and other industrial chain upstream and downstream brand exhibitions held in Shenzhen at the same time, in addition, The Greater Bay Area International Fashion Design Fair (DPARK) also joined for the first time, bringing many fashion design elements during the same period. The four exhibitions are linked to promote the upstream and downstream of the industrial chain to seize the "golden opportunities" in the Bay Area.

From product exports to production capacity cooperation

This year marks the 10th anniversary of the Belt and Road Initiative. In the past 10 years, the total annual import and export trade of China's textile industry and textile apparel in countries jointly building the "Belt and Road" increased from 107.63 billion US dollars to 140.49 billion US dollars, with a cumulative increase of 30.5%. In 2022, China's textile and apparel exports to countries jointly building the "Belt and Road" reached $126.2 billion, an increase of 11.1%, 8.5 percentage points higher than the industry's export growth to the world.

In the past 10 years, textile industry enterprises have actively established communication and exchanges with relevant industries in countries building the "Belt and Road" and sought win-win cooperation across the entire industrial chain. Batches of industrial cooperation projects have "landed and blossomed", constantly "weaving" beautiful embroidery on the "Belt and Road".

The Silk Road spirit of peace and cooperation, openness and inclusiveness, mutual learning and mutual benefit is an important source of strength for jointly building the Belt and Road.

In the past 10 years, China's textile industry has moved from product exports to production capacity cooperation, and the pace of "going out" has become more and more stable. Actively integrating into the construction of the "Belt and Road" has become an inevitable choice to achieve the international development of enterprises and promote the global layout of industries. Today, the adjustment of China's textile industry's international production capacity layout shows a steady trend of progress, and the industry's high-quality "going out" is not only an objective requirement to achieve international and domestic "double cycle" development, but also the only way to carry out international competition and cooperation.

Since its establishment in 2017, China Textile International Production Capacity Cooperation Enterprise Alliance (hereinafter referred to as the "Alliance") has provided support for industry enterprises to integrate into the global industrial chain in a steady and orderly manner and carry out mutually beneficial and win-win cooperation. Xu Yingxin, vice president of the China Textile Industry Federation and president of the Textile Industry Branch of the China Council for the Promotion of International Trade, said that the construction of the "Belt and Road" has been positively responded by more and more countries and international organizations, and the alliance has become a popular international public goods and international cooperation platform.

From establishing a long-term cooperation mechanism for textile and garment industry dialogue in the Lancang-Mekong region to forming a communication and connection network linking the world, the Alliance has actively expanded the "circle of friends" for international exchanges, actively integrated overseas resources, and successively signed memorandums of understanding with industry organizations and other institutions in seven countries, including Cambodia, Myanmar, Vietnam, Egypt, Zambia, Benin and Mexico. To provide services for the global high-quality development of textile enterprises. Up to now, the Alliance has organized more than 30 special investment visit groups, and more than 500 enterprise and expert representatives have participated in the investment visit, laying a solid foundation for the industry to explore new opportunities for investment cooperation under the Belt and Road Initiative.

In recent years, the alliance has completed a number of projects such as "Research on the major issues of Textile Industry" Going Out "under the New situation", "Research on the development experience and relevant policies of textile industry in key countries of the" Belt and Road ", "Development Endowment of Textile Industry in African countries and the cooperation Potential of China-Africa Textile Industry" and "Application Guide of Textile Industry in Free Trade Agreement"; The National Guidelines for Outbound Investment Cooperation in the Textile Industry involving more than 20 countries were released, as well as the Report on China's Textile Industry and the Unimpeded trade of the Belt and Road Initiative, which comprehensively analyzed the booming trend of textile and garment trade between China and countries jointly building the Belt and Road Initiative. Xu Yingxin said that the international development of the textile industry is in an important period of strategic opportunities, and the alliance will strive to promote the healthy and sustainable development of the international production capacity cooperation of the industry and achieve high-level international development of the textile industry at a deeper level of cooperation.

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