The latest data released by the Customs show that in 2008 1-7, the total export volume of textiles and clothing reached US $100 billion 360 million, an increase of 7.67% compared with the same period last year, and export growth continued to decline.

In the first 7 months, the export growth of traditional commodities showed signs of slowing down.

Among them, clothing and clothing accessories exported $62 billion 490 million, an increase of 3.4%, down 19.6 percentage points over the same period last year; textile yarn, fabrics and products exports 37 billion 870 million US dollars, an increase of 24.4%, an acceleration of 11.9 percentage points; footwear exports 16 billion 550 million U. S. dollars, an increase of 14.2%, down 4.3 percentage points.

Guo Jin Securities researcher Zhang Bin believes that the data in July are almost the same as that in June. Exports still show the pattern of "slow clothing and fast textiles". In the second half of the year, unless the EU economy declines significantly, exports similar to July will remain.

The export tax rebate rate raised to 13% has a stimulating effect on exports, but the effect is not obvious, and the effect will be reflected in October.

He also pointed out that exports of textiles and clothing rose and fell, showing a clear departure.

On the surface, textile exports in the first half of July have dropped, but the growth rate is still higher than 10%. The situation seems to be not as bad as expected. But the reality is that if we take into account the aggravation of the renminbi's "rising or depreciating" since last year, we should exclude the price impact brought about by inflation. The final "real" export growth rate has been quite serious.

It was estimated that the growth rate of textile and clothing exports in the first half of this year was -0.84%, which was 16.4 percentage points lower than that in 2007, a decrease of 13.25 percentage points compared with the same period last year.