According to the latest data released by the General Administration of Customs on November 7, according to the US dollar, in the global inflation easing, the Federal Reserve cut interest rates, the US and European markets pick up, last year's lower base factors, in October China's textile and garment exports increased by 11.9%, of which textile exports increased by 16.1%, clothing exports increased by 8.1%.
Textile and garment exports in RMB:
From January to October 2024, the cumulative export of textile and apparel was 1,762.27 billion yuan, an increase of 3% over the same period last year (the same below), of which textile exports were 829.52 billion yuan, an increase of 5.8%, and clothing exports were 932.75 billion yuan, an increase of 0.7%.
In October, textile and garment exports 180.65 billion yuan, an increase of 8.5% year on year, an increase of 2.3% month on month, of which textile exports 87.83 billion yuan, an increase of 12.6% year on year, an increase of 9.5% month on month, clothing exports 92.82 billion yuan, an increase of 4.9% year on year, a decrease of 3.8% month on month.
Textile and garment exports in US dollars:
From January to October 2024, the cumulative export of textile and apparel was 247.89 billion US dollars, an increase of 1.5%, of which textile exports were 116.69 billion US dollars, an increase of 4.1%, and apparel exports were 131.2 billion US dollars, a decrease of 0.7%.
In October, textile and garment exports of 25.48 billion US dollars, an increase of 11.9%, an increase of 2.8%, of which textile exports of 12.39 billion US dollars, an increase of 16.1%, an increase of 10.1%, clothing exports of 13.09 billion US dollars, an increase of 8.1%, a decrease of 3.2%.
(Information source: China Textile Import and Export Association)