China’s Apparel Exports up 48.3% in January to May

According to statistics from the General Administration of Customs, from January to May this year, China’s textile and apparel exports amounted to US$ 112.69 billion, seeing a year-on-year increase of 17.3% (8.7% in CNY-denominated terms), grew by 3.2% over the same period before the epidemic (2019). Among them, textile exports were US$ 56.08 billion, decreased by 3.1% year-on-year (10.3% in CNY-denominated terms); apparel exports reached US$ 56.61 billion, surged by 48.3% year-on-year (37.6% in CNY-denominated terms).

 

In May, China’s exports of textile and apparel were US$ 24.32 billion, down 17.6% year-on-year (24.0% in CNY-denominated terms). Due to the high export base of anti-epidemic materials in the same period last year, textile exports in May this year fell 41.2% year-on-year (45.7% in CNY-denominated terms). And the export value was US$ 12.12 billion, up by 4.1% even compared to the same period in 2019.

 

In May, apparel exports maintained rapid growth and became the highlight of the industry’s exports. The apparel exports that month amounted to US$ 12.2 billion, seeing a year-on-year increase of 37.1% (26.6% in CNY-denominated terms), which fully reflects the independent controllable industrial chain of China’s textile and apparel industry.

 

Source: CHINA TEXTILE LEADER Express