In November, Jiangsu'S Clothing Exports First Showed Negative Growth.

The global financial turmoil has seriously affected Jiangsu's trade exports, especially clothing exports.

Reporters learned from the Nanjing customs yesterday that 1-11 months of this year, the total export of Jiangsu textile and apparel was 2 billion 30 million US dollars, an increase of 17.9% over the same period last year, but on a single month, exports began to decline sharply in August for 4 consecutive months. In November, it was the first time that negative growth occurred. When exports of textiles and clothing were 150 million dollars, the decrease was 9.3% compared with the same period last year, a decrease of 18.2% over the same period.

The main exports of clothing to the European Union, the United States and Japan, and the financial turmoil hit, people began to "frugal" days, data show that in September and October, the sales of clothing in the United States fell 5.5% and 12.2% respectively, down 16.7% in November. Meanwhile, in November, the British retail sales index also dropped from -27 in October to -46, the lowest level in 25 years. The deterioration of these major consumer markets abroad led to a continuous decline in Jiangsu's textile and clothing exports.

While exports are blocked, domestic clothing consumption is also sluggish, and there is also a downward trend, with limited domestic market space.

According to statistics, in October, the growth of clothing sales volume in 100 shopping malls in the whole country decreased significantly compared with last year, and sales of all kinds of clothing increased much less.

Among them, the cold clothing for the season dropped by 29.3%, and leather clothing decreased by 35.66%. In contrast, last year's sales of cold proof clothing and leather clothing increased by 29.47% and 37.17% respectively, making some enterprises plan to export to domestic sales, and garment enterprises are facing the test of "severe winter".