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Analysis of foreign trade index in July

In July 2020, the foreign trade climate index closed at 635.01, up 0.65% month on month, 12.39% lower than the e index in Julybeginning of the year, and 10.65% year-on-year; the foreign trade price index closed at 153.43 points, with a month on month decrease of 2.34%, a year-on-year decrease of 8.93% and a year-on-year decrease of 3.88%; the foreign trade confidence index closed at 710.77 points, with a month on month increase of 11.48%.

1、 The overseas market rebounded on a month on month basis, while the foreign trade prosperity index rose slightly

In July, the prosperity index of foreign trade and textile enterprises in Keqiao District of Shaoxing City rose slightly month on month. In July, with the stable development of domestic trade, Keqiao Textile industry ushered in "rising against the market". Keqiao enterprises integrated into the "Textile City cloud business" plan, will further use the power of "cloud" to expand domestic and cross-border e-commerce business, and obtain new development under the epidemic situation. Among them: chemical fiber filament fabric foreign trade climate index rose 3.43% month on month, domestic textile fabric industry business index rose 6.70% month on month, curtain and curtain class foreign trade prosperity index rose 5.06% month on month, driving the foreign trade prosperity index to rise on a month on month basis.

1. The exhibition group of China Textile City participated in TEXWORLD in New York with remarkable results.

On July 25, US Eastern time, the five-day 2020 Zhejiang (Shaoxing Keqiao) online export trade fair and China Textile City Exhibition Group New York International Clothing and fabric exhibition came to a perfect conclusion. This is the first time that Keqiao district government and NYSE try to cooperate with online exhibitions. Exhibitors actively connect with overseas purchasers by means of text and video. The response is warm and the results are remarkable. The United States is an important export market of Keqiao, and the export volume of the whole region to the United States will reach 4.66 billion yuan in 2019. The online exhibition covers more than 40 product categories of fabrics, clothing and home textiles. The number of products displayed is up to 20000, with 7902 registered purchasers, among which 4289 are active buyers who interact with suppliers. According to the organizer's data, 65% of the buyers were from the United States, and others were from Canada, Pakistan and India. Calvin Klein, Michael kors, Nike, new balance and champion are all registered.

2. "Textile City cloud business" plan was officially released.

On the afternoon of July 25, more than 100 textile enterprises in Keqiao gathered together and the "Textile City cloud business" plan was officially released. This is a seed enterprise cultivation plan launched by Keqiao District Bureau of Commerce and light textile city group in order to solve the problems of enterprise profit decline, order quantity decline and sales reduction under the epidemic situation. In addition, hot topics such as live broadcast and cross-border e-commerce are also in activities Share and discuss on site.

3. Cross border e-commerce Industrial Park helps Keqiao enterprises transform and upgrade.

The total area of cross-border e-commerce Industrial Park of China Textile City is about 141000 square meters, and the occupancy rate reaches 88%. At present, the industrial park is operating in an orderly manner. It is understood that the cross-border e-commerce Industrial Park of China Light and textile city takes building a first-class comprehensive cross-border e-commerce Park as the core development goal, and is the core business plate that the government focuses on building.

2、 The price of export products continued to shrink, and the foreign trade price index fell month on month

In July, the foreign trade price index showed a month on month downward trend. Among them: chemical fiber filament fabric foreign trade price index fell by 4.92% month on month; curtain class foreign trade price index fell 5.09% month on month; the total foreign trade price index fell month on month.

1. Public order shortage, foreign trade prices fell.

In the context of the global economic downturn, countries have unsealed "restart" in an attempt to restore the economy, but many countries have experienced a rebound in the epidemic situation, making the situation worse The global epidemic continues. In July, the foreign trade market was still in a downturn, and the orders for mass fabrics still did not improve. Due to the lack of foreign trade orders, the textile and dyeing factories had a tight life. Many enterprises had the situation of workers' rotation and the production of machinery and equipment limited. Textile and clothing foreign trade prices fell, public orders are more insufficient. Online and offline integration, foreign trade to domestic sales, industrial chain to tide over difficulties have become effective measures for many enterprises to cope with risks and reduce losses.

2. Export orders of home textile enterprises decreased sharply and foreign trade prices fell.

Most enterprises still say that the performance of home textile market this year is flat, especially for home textile products for export. On the one hand, it is still relatively difficult to export. In addition to the trouble of security inspection due to the epidemic situation, the soaring price of sea containers has also increased the cost of enterprises; on the other hand, if the products produced by enterprises are more suitable for hotels, it is more difficult to ship.

3. Some enterprises lack orders and foreign trade prices are still weak.

The overall market situation of textile market is not as expected, and the proportion of enterprises with smooth delivery is still a small number. Most foreign trade enterprises still say that orders are missing. Especially in July, the market is weakening obviously, and the foreign trade prices of mass products are still weak.

3、 Forecast of foreign trade index in the next period

For the export situation in August 2020, it is expected that the export of textiles and clothing will show a slight decline trend month on month. The polarization of textile market is inevitable, especially under the impact of epidemic situation. At present, the overseas epidemic is still spreading, and many countries have tightened restrictions and even "re blockade", including the United States, India, Spain, Italy and other important textile exporting countries in China. Textile exports are still facing greater resistance, and the trend of the market still needs close attention.