In July, China's textile and apparel exports to the world were 26.08 billion US dollars, a decrease of 0.5% (in renminbi terms, a decrease of 1%). Among them, textile exports were US $11.54 billion, up 4.0% year-on-year (3.5% year-on-year growth in RMB); Garment exports were 15.26 billion US dollars, down 3.6% year-on-year (down 4.2% year-on-year in RMB terms), and the decline was 3 percentage points higher than the previous month.
Since the beginning of this year, the market demand in developed countries has remained stable, providing better conditions for the release of export competitiveness of China's textile industry, and the overall export of textile and apparel has achieved more than expected growth. Affected by the US dollar delayed interest rate cuts, inflation slowed down and other factors, there is downward pressure on the international market in the second half of the year, in July, China's textile and apparel exports have declined year-on-year, before the end of the year, industry exports are still facing challenges.
(Source: China Textile International Production Capacity Cooperation Enterprise Alliance)