International Observation: The "Mask Economy" Has Made Great Contributions In 6/7 Months.

According to customs statistics, exports of textiles (including textiles, yarns, fabrics and articles) in May 2020 amounted to US $20 billion 648 million 700 thousand, an increase of 77.34% over the same period last year. Exports of garments (including garments and accessories) were US $8 billion 905 million 700 thousand, down 26.93% from the same period last year. A big rise and a big drop, textile and clothing exports continue to "half flame half seawater" situation. From the feedback of downstream manufacturers and foreign trade companies, masks and clothing are still the key factors to support the strong rebound of textile exports and exports in May. The "Mask" economy will still play a role in textile exports in 6 and July.

According to combing statistics, in 2020 1-4, China's masks exported $8 billion 855 million, and protective clothing exported to US $801 million, accounting for 13.8% of the total exports of textiles and clothing in the same period. In the month of 1-4, our exports to the United States were 5 billion 93 million US dollars, up 16.83% from the same period last year (the US imports from China decreased by 46% in the first four months, while the purchases from other countries only decreased by 9.5%). The amount of export masks accounted for 33% of textiles, and the export of textiles to the EU was US $6 billion 613 million, an increase of 62.32% over the same period last year. The amount of export masks accounted for 54% of the total textile products. The amount of masks in Japan, Korea and other countries in textile exports accounted for about 40%, and the "mask economy" was worthy of the name. Considering that the impact of the January new crown epidemic on China's textile and clothing exports is not outstanding, countries such as Europe and the United States are basically normal in terms of receipt, trade and retail sales. Therefore, the proportion of masks exported in real 2-4 months is larger and the contribution is more prominent.

With the recent European and American countries pressing the economic "restart button", a number of "short, flat, fast" textile and clothing export orders are coming slowly, plus the two execution of the contract postponed in 2/3, so the proportion of the export amount of masks and protective clothing will gradually decline in the precondition, but the following factors will lead to the "mask economy".

First, the global new crown has become a "protracted war". Not only is the United States, India, Brazil and some African countries deeply in the "epicentre", but the risk of the two outbreak in autumn and winter in 2020 is very large, and the demand for masks and protective supplies remains high. Two, compared with India and Southeast Asia, China's textile industry quota and workers' technical level are very obvious. "Protective clothing" and "cheap and cheap", the competitiveness of the international market is strong, the loss rate is relatively low; three, masks and protective clothing will become the "post epidemic" era of reserve materials. Not only the state related departments, government agencies and other large quantities of procurement and storage, most enterprises and individuals, families will also hoard masks in urgent need.