Export Boom Index of Keqiao’s textile in May was 950.70, up 6.28% from the prior month. Export FC Index was 177.73, up 3.96% from the prior month. This month, new trade formats fuel exports of Keqiao and innovative products of enterprises occupy foreign markets, leading to a small increase in the Export Boom Index. High-end textile manufacturing promotes the level of industries and digitization and intellectualization enhance the competitive force of enterprises, leading to a small increase in the Export FC Index.
Summer factors influence Export Boom Index.
Due to the slow growth of international consumer demand, the fierce competition of textiles in Southeast Asia, as well as the increasingly high trade barriers of national textiles in Europe and the United States, exports of domestic textile enterprises encounter obstacles. Although the country has recently introduced some policies and measures for exports, textile enterprises still need to face various problems according to their own situation. Summer is coming, textile exports will become flat, and Export Boom Index in June will have a small decline.
As rigid demands of some international markets have been weakened by the economic environment, the situation of foreign trade has shown a slight improvement since May, improving the production scale of foreign trade manufacturers. The sustainability of improvement of Boom Index is largely influenced by the disruptive factors of international markets, and the market is expected to be uncertain in the second half of this year. Foreign trade manufacturers need to make full use of their own resources and market advantages, adjust their product structure, and transform breakthrough changes in the field of foreign trade into a sustainable self-development model. Market products change in June. If he can take corresponding changes in the product structure according to different customers, he will get a good opportunity in the second half of this year.
Many factors lower Export FC Index.
The price of foreign trade fell slightly in May, which was mainly influenced by the export of some cheap products. At the same time, the export of foreign trade was sluggish, which also brought pressure on the price of foreign trade. The devaluation of RMB has further lowered the export price of foreign trade. As the exchange rate continues to fall in the future, the price of foreign trade will continue to fall.
Because of the foreign exchange volatility, foreign economic changes and other factors, market demands of China Textile City are few. Purchasing strategy of foreign traders has adjusted, exports of high quality and low MOQ products increase gradually, the price of common fabric falls, and shipments reduce compared with the same period last year. Low-end and cheap products will occupy the summer market, exports of high-end products will gradually decrease in the future, some common and special products will be restricted. At the same time, samples required by foreign traders will significantly increase, and export markets will enter the period of season conversion and product adjustment.