Quanzhou Textile exports increased by 30% in August

In the first eight months of this year, Quanzhou's textile and apparel exports totaled 3.92 billion U.S. dollars, accounting for 1/5 of the total value of exports during the same period, a year-on-year increase of 27.7%. Among them, US$3.01 billion was exported for clothing and clothing accessories, and US$910 million was for textile yarn fabrics and products.

According to the customs staff, the main export markets for textiles and clothing are the European Union, ASEAN, Africa and Latin America. In several export markets, exports from other export markets have increased steadily, except for the 12.4% decline in Latin American exports. In particular, in the ASEAN region, in the first eight months of this year, the city exported 880 million U.S. dollars of textiles and garments, an increase of 95.5% year-on-year.

The customs authorities reminded that since the beginning of this year, the exchange rate of the *** has been rising rapidly, and has repeatedly raised the new high since the exchange reform. Through related calculations, the value of *** per liter has risen by 1%, and the profit margins of cotton textile, wool textile and apparel industries have dropped by 3.2%, 2.3% and 6.2% respectively. It is suggested that enterprises should make full use of trade **, change settlement methods, use ** wealth management products and other exchange rate hedging methods to reduce export costs and risks.