Since the beginning of this year, my country's textile industry has faced a complex and severe external environment, and export pressure has increased significantly. Especially after the second quarter, affected by the frequent adjustments of US trade policies, the industry's exports to the United States have shown obvious fluctuations. Customs data show that my country's textile and clothing exports to the United States fell by about 20% year-on-year from April to May. However, thanks to the complete industrial system and advanced manufacturing advantages, coupled with the effectiveness of the diversified international market layout, the industry's dependence on a single market has continued to decline, and exports to developed economies such as the European Union, Japan, and South Korea and emerging markets such as Bangladesh, Cambodia, Indonesia, Brazil, and Nigeria have remained vibrant, showing strong export resilience. In June, my country's textile and clothing exports to the world were US$27.31 billion, a slight decrease of 0.1% year-on-year (an increase of 1.1% year-on-year in RMB). Among them, textile exports were US$12.05 billion, a year-on-year decrease of 1.6% (a year-on-year decrease of 0.3% in RMB); clothing exports were US$15.27 billion, a year-on-year increase of 1.1% (a year-on-year increase of 2.3% in RMB).

Faced with the current foreign trade situation, my country's textile enterprises urgently need to flexibly adjust their strategies. On the one hand, they should take market diversification as a key measure to enhance the security and resilience of foreign trade and continuously enhance their ability to resist risks; on the other hand, they should focus on improving the resilience of their own industrial chain and the added value of their products, and actively use new formats and models to accelerate the cultivation of new momentum for foreign trade growth.

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