According to the statistics of Vietnam's Ministry of industry and commerce, in the first quarter of 2021, Vietnam's export of textile products reached 7.18 billion US dollars, up 1.1% compared with the same period in 2020; the export of fiber and textile yarn increased by 31%; the export of canvas and industrial fabrics increased by 8.8%. In the first quarter of 2021, vndirect, a Vietnamese securities company, predicted that with the economic recovery of the main export markets of Vietnam's textile industry, such as the United States, the European Union, Japan and South Korea, Vietnam's textile exports will also grow up. Vndirect said that in the second quarter of 2021, Vietnam's textile exports will grow by 8.4% compared with the same period in 2020. Last year, India and Southeast Asian countries were affected by the epidemic, and a large number of textile orders flowed into China. Now, with the epidemic control in these regions and countries gradually showing effect, the textile industry also began to recover. Vietnam's "Customs online" reported on March 3 that Vietnam's textile and clothing exports reached US $5.8 billion in the first two months of 2021, a year-on-year increase of 4%, according to Wu Dejiang, chairman of the Vietnam textile and clothing association. In the same period of last year, the export volume of textile and clothing was only 3.5 billion US dollars, a year-on-year decrease of 9.8%. It can be seen that after the serious impact of COVID-19 in 2020, the textile and garment industry began to recover.
In January, Vietnam's share of the European textile and clothing market increased slightly. According to the latest statistics, Vietnam's textile and clothing exports to the EU in January this year were 272 million US dollars, a month on month increase of 2 million US dollars and a year-on-year increase of 10 million US dollars. In 2021, Vietnam's textile and garment industry aims to export 39 billion US dollars, an increase of 10% over 2020. Wu Dejiang believes that this goal is feasible, because Vietnam's textile and garment industry is facing huge opportunities brought about by many new free trade agreements.
According to the data released by the Pakistan Bureau of statistics on February 18, Pakistan's textile and clothing exports in the first seven months of this fiscal year (from July 2020 to January 2021) increased by more than 8% year-on-year to US $8.76 billion, according to the economic and Commercial Department of the Chinese Embassy in Pakistan. Among them, in January 2021, the export volume increased by 10.79% year on year to US $1.32 billion. It is understood that the growth of textiles and clothing mainly comes from high value-added textiles, such as knitwear, towel, bedding, etc.
According to the latest data of Bangladesh Export Promotion Bureau, in January 2021, Bangladesh's ready-made clothing export volume was US $2.862 billion, a year-on-year decrease of 5.83%, and a year-on-year decrease of 3.86% compared with last month. The total export volume of this fiscal year (from July 2020) was 18.408 billion US dollars, a year-on-year decrease of 3.44%. Among them, the export of woven garments was US $8.419 billion, a year-on-year decrease of 10.85%, and that of knitted garments was US $9.989 billion, a year-on-year increase of 3.84%. The EU is still Bangladesh's largest export region, accounting for 62.47%, followed by the United States, accounting for 18.5% and Canada, accounting for 3.11%. Some analysts pointed out that in August and September last year, some Southeast Asian orders were transferred to China, but this situation slowed down significantly after November 2020. After the epidemic situation in Southeast Asian countries was controlled, orders began to flow back to China steadily. It is expected that in the case of vaccines, the possibility of Southeast Asian textile and garment orders flowing into China again this year is relatively small. Compared with the sustained growth of Vietnam's textile exports, Vietnam's textile imports from China are gradually declining. According to customs data, in 2018, Vietnam imported 105.9 billion yuan of all kinds of textiles from China, up 22.45% year on year in 2017, reaching the highest value in history, and then began to decline. In 2020, the import value of all kinds of textiles has dropped to 103.9 billion yuan. At the beginning of this year, it was supposed to be the peak textile season in March and April, but all kinds of textile orders were not optimistic. "Overseas finished product orders are not very good now, because foreign stocks were very high last year." Ouyang Hong, general manager of Suzhou Jingzhi Textile Technology Co., Ltd. and Suzhou yunzhilan Textile Technology Co., Ltd., said that they are mainly engaged in European and American foreign trade business. "We send e-mails to overseas customers, but they basically don't reply. There are no orders."
At present, the recovery speed of weaving start-up rate in Jiangsu and Zhejiang has slowed down, the inventory of all kinds of grey fabrics has begun to rise slightly, and the printing and dyeing start-up rate has also begun to slow down. Although the global epidemic is gradually under control and the economy is recovering slowly, textile orders from Europe and the United States are returning to Southeast Asia and other countries. It is difficult to reverse the trend of the transfer of middle and low end textiles from China to Southeast Asia, and the greater opportunity for China in the future lies in the control of quality and the further optimization and integration of supply chain.
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