On November 7, the Consumer Goods Industry Department of the Ministry of Industry and Information Technology released the data of the first three quarters of the textile industry on Wednesday. It is estimated that the main business income and exports of the textile industry will both achieve an increase of more than 10% this year.

According to the data released by the Consumer Goods Industry Department, from January to September, textile enterprises above designated size achieved a main business income of 4558.6 billion yuan, an increase of 11.7% year on year, 2.4 percentage points higher than the same period of last year. China's total textile and clothing exports reached 215.3 billion dollars, an increase of 11.7% year on year, and 10.7 percentage points higher than the same period of last year.

The Department of Consumer Goods Industry believes that the current international demand of the textile industry is sluggish, the difference between domestic and foreign cotton prices is large, labor prices continue to rise, the pressure of RMB appreciation, the export pressure of the textile industry is large, and the operation of small and medium-sized cotton textile enterprises is more difficult.

The data shows that from January to August, EU imports from China fell 5.9% year on year; Japan's total imports of textiles and clothing from China (in US dollars) fell 3.9% year on year. The proportion of China's textile and clothing exports in the total textile and clothing imports of the EU, the United States and Japan decreased by 1.9 percentage points, 0.3 percentage points and 1.6 percentage points respectively compared with the same period last year; Since 2013, the cotton price in China has always maintained above 19000 yuan/ton, and the price difference with the international market has maintained around 4000 yuan/ton, supported by temporary collection and storage. Affected by the difference between domestic and foreign cotton prices, China's cotton yarn imports increased significantly. From January to September, 1.57 million tons of cotton yarn were imported, a year-on-year increase of 44.2%; In the first three quarters, it is estimated that the employment price of the textile industry will maintain a growth rate of 10% - 15% throughout the year.

The Department of Consumer Goods Industry expects that the main business income and export of the textile industry will increase by more than 10% this year; There is room for further improvement in domestic sales growth; Combined with the internal and external market conditions, it is expected that the industry's production and benefit growth will be basically stable, but with the increase of the base last year, the growth rate may be slightly lower than the current level.