Shaoxing Wedoo Imp. & Exp. Co.,Ltd.

Shaoxing Wedoo Imp. & Exp. Co.,Ltd.

In the first August, the national textile and apparel exports increased by 1.1% year-on-year

2024 09/24

According to the General Administration of Customs statistics, from January to August this year, the national textile and apparel exports were $197.77 billion, an increase of 1.1%(in renminbi terms, an increase of 3.2%), the growth rate was the same as last month, and slowed down from the first half of this year. Among them, textile exports were 93.07 billion US dollars, up 3.5% year-on-year (5.8% year-on-year in RMB terms); Garment exports were US $104.71 billion, down 1.0% year-on-year (up 1% year-on-year in RMB terms).

In August, China exported 27.95 billion US dollars of textile and apparel to the world, an increase of 1.0%(0.6% year-on-year increase in RMB). Among them, textile exports were 12.22 billion US dollars, up 5.0% year-on-year (4.7% year-on-year growth in RMB), an increase of 1 percentage point over the previous month; Garment exports were 15.73 billion US dollars, down 2.0% year-on-year (down 2.3% year-on-year in RMB terms), the decline narrowed from the previous month.

At present, the export of China's textile industry is still facing risks and challenges such as insufficient effective demand, intensified market competition, and increased geopolitical instability and uncertainty. However, foreign trade enterprises actively explore diversified international markets, and the export trade growth of Southeast Asia, Africa, Latin America, Central Asia and other emerging countries is more impressive.

According to the General Administration of Customs statistics, from January to July this year, China's exports of textiles and clothing to ASEAN were 31.1 billion US dollars, an increase of 8.9%. At the same time, China's textile enterprises based on technological innovation actively promote product upgrading, respond to market demand, expand cross-border e-commerce and other new channel models, and strive to stabilize the international competitiveness of China's textile and garment products.

(Information source: Zhejiang Trade Promotion comprehensive collated from China Textile International Production Capacity Cooperation Enterprise Alliance, textile network)