Europe and the United States market pick up the improvement of the operation status of the Italian textile and garment industry

Business Club August 20th

(I) Operation

As in Other industries, the outward-looking Italian textile and clothing industry has been hit hard by the financial crisis. Double-digit declines in production, sales and exports, tighter liquidity for SMEs, and an increase in the number of unemployed employees have stopped production, making it the most faced situation in the past 20 years. A grim year.

According to the forecast data of the Italian Federation of Textiles and Fashion Industry, the Italian textile and garment industry achieved sales revenue of approximately 45 billion euros, a decrease of 16% from the previous year; the number of employed persons was 482,000, a decrease of 26,000; exports reached 22.5 billion. The euro fell by 20%; import was 15.8 billion euros, down by 11%; and the trade surplus was 6.4 billion euros, down by 37%.

(II) Trade with China

According to data from the Italian Foreign Trade Commission, the Italian textile and garment industry’s exports to China were 368 million euros, a decrease of 5.8% year-on-year, accounting for 1.65% of the total Italian textile and garment industry’s exports; imports from China were 4.187 billion euros, a year-on-year decrease. 3%, which accounted for 26.3% of the total import of Italian textile and apparel products, still ranked first in the source country of imports; the trade deficit with China was 3.819 billion euros, a decrease of 2.7% from the same period of last year.

(c) Trends in the first quarter of 2010

Since 2010, with the recovery of European and American markets, the Italian textile and apparel industry has improved its operating status. According to the sample survey conducted by the Italian Federation of Textile Fashion Industry, the output value of the textile and clothing industry remained stable in the first quarter, which was a decrease of 0.2% over the same period of last year. Among them, the textile industry increased by 4.7%, and the clothing industry decreased by 3.5%; Declined by 3.5%; orders increased by 3.2%. However, the association is not optimistic about the future trend of the industry and believes that due to factors such as unstable global economic growth, high raw material prices, prevailing speculation on the exchange rate of the euro, lack of fundamental improvement in the credit crunch, and so on, the recovery of the textile and apparel industry It will be very slow, returning to pre-crisis levels will still take some time.