轻工出口数据月报2024年8月：8月出口景气回升，保温杯及宠物食品表现亮眼

Investment Rating - Industry Rating: Recommended [2] Core Insights - In August 2024, China's export value reached USD 308.65 billion, a year-on-year increase of 8.70%, indicating a continuous expansion in export scale. The cumulative export value from January to August 2024 was USD 2,314.77 billion, with a year-on-year increase of 4.60% [6][9] - The furniture export sector remains weak, with August exports of furniture and parts valued at USD 4.84 billion, down 4.00% year-on-year. However, the decline is narrowing compared to previous months [6][10] - The U.S. housing market shows signs of slowing down, with new home sales in August at 716,000 units, up 9.8% year-on-year but down 4.7% month-on-month. Existing home sales also declined, indicating a potential recovery in the housing market due to interest rate cuts [14][16] - Retail market trends in the U.S. show a stable overall sentiment, with essential goods and personal care items performing well, while furniture and building materials saw slight declines [20][25] Summary by Sections 1. Overview of China's Export Data and Major Market Demand - August 2024 saw an expansion in export scale, with a cumulative year-on-year increase in exports. The furniture export sector is experiencing a narrowing decline [6][9] 2. U.S. Market Demand Tracking - The U.S. housing market is showing mixed signals, with new home sales increasing but existing home sales declining. Inventory levels are rising, suggesting a potential recovery in the housing market [14][16] 3. Detailed Export Data by Category - Exports of mattresses, thermos cups, toothbrushes, artificial turf, pet food, and decorative paper have shown significant recovery with expanding year-on-year growth. Conversely, exports of sofas, office furniture, PVC flooring, and plastic tableware have declined [27][31] 4. Investment Recommendations - Companies in the light industry sector are expected to capture more overseas market share due to their integrated global supply chains and strong management capabilities. Recommended companies include Haoyang Co., Yiyi Co., Zhizheng Technology, and Gongchuang Turf, among others [38]