Fiber, textile and clothing industry chain export in July

According to the latest data released by customs, the overall export performance of fibers, textiles, and apparel in Chapters 50-63 was relatively good. Although there was a slight month-on-month decline, the year-on-year growth trend continued. Overall, from January to July, the cumulative export volume increased by 9% year-on-year, continuing to outperform the same period last year.

By category, finished fabric products remained the segment with the highest growth, reaching 13%. Apparel exports also performed well, with an 11% increase. However, the fiber segment still lagged behind last year's performance, with a year-on-year growth rate of 3%.

Overall, the previous conclusion still holds: this year's export growth has been significantly driven by overseas restocking, but it has been achieved through low prices rather than increased volumes. Due to factors such as pricing and exchange rates, the export value has not been very impressive.

In terms of month-on-month performance, apart from the apparel segment, which saw some growth due to seasonal factors, all other categories experienced varying degrees of decline. The largest declines were observed in Chapters 54 and 55, particularly in synthetic filament yarns, staple fibers, and woven fabrics.

From a year-on-year perspective, most categories showed growth, but it is clear that downstream categories like apparel and knitted fabrics saw the largest increases, while the upstream fiber segment showed relatively limited growth.

The cumulative year-on-year trend from January to July reflects a similar pattern. Despite monthly fluctuations, the overall export structure has remained relatively stable.

What were the main variables in terms of increases and decreases this year? Summarizing the categories with cumulative changes exceeding 10,000 tons from January to July, the following results can be observed. It is evident from the structural distribution that the most significant increases were in used clothing, woven fabrics made from synthetic filament yarns, and other knitted fabrics, with a combined year-on-year increase of 575,000 tons. On the other hand, the most significant decrease was in synthetic filament yarns, mainly due to declines in polyester filament POY and FDY, whose cumulative export volumes fell by 146,000 tons and 106,000 tons, respectively.

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