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Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
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China's garment industry revenue rises 2.2% YoY from Jan-Sept 2022
07 Nov '22
1 min read
Pic: Shutterstock/ toiletroom
China’s 13,155 major apparel enterprises touched 1.08 trillion yuan (around $48.85 billion) in terms of combined operating revenue during the first nine months of 2022, which is a growth of 2.2 per cent year-on-year (YoY). The total profits of the companies added up to 49.6 billion yuan from January to September 2022 — a rise of 1.8 per cent YoY, according to the ministry of industry and information technology.
The country’s garment industry witnessed steady growth concerning exports, revenue, and profits in the first three quarters of 2022, Chinese media reports said quoting the ministry.
China’s garments exports also jumped 14 per cent YoY to $118.5 billion in the same period.
Fibre2Fashion News Desk (NB)
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