April textile and apparel exports rebounded

After a short-term fluctuation in March, textile and apparel exports re-emerged in April, and the growth rate reached double digits. According to preliminary analysis, the main reason for the current promotion of export growth is the slow recovery in external demand, the narrowing of cotton spreads in and out of the first quarter, the rapid growth in exports to emerging markets, and the relatively low base year-on-year (down 5% in April last year), but there are also other issues. factor. From the market point of view, the current month's increase of 2.8% and 1.3% for the EU and the United States, respectively, is still in a reasonable range; a sharp increase of 45% in Hong Kong is exceptional. Although Hong Kong is still my major export market for textiles and garments, in recent years, my overall export to Hong Kong has shown a slow growth trend. The average growth rate during the five years between 2008 and 2012 was only 0.45%. Hong Kong’s share of my textile and apparel exports is also From 8.6% in 2008 to 6.4% in 2012. Since 2013, the Hong Kong market has become active again, and the trade in goods to Hong Kong has grown rapidly. In January-April, cumulative exports of goods to Hong Kong increased by nearly 70%, and textile and apparel exports rose by 28%.