China's textile & garment exports show double-digit drop

25 May '15

2 min read

The exports of textiles and garments from China showed a double-digit decline in the month of April 2015.

In April, China’s textile and apparel exports fell 16.3 per cent year-on-year to $19.88 billion, of which textile exports dropped by 10.8 per cent and garment exports dropped by 20.8 per cent, showed data released by the General Administration of Customs.

In terms of RMB also China’s textile and garment exports decreased by 16 per cent year-on-year to 122.24 billion yuan during the month.

April 2015 exports of $19.88 billion were lower than 2013 and 2014 exports of $22.28 billion and $23.75 billion, respectively, which increased by 18.5 per cent and 6.6 per cent.

From January to April 2015, China’s cumulative textile and clothing exports stood at $79.64 billion, down 2.7 per cent year-on-year, of which textile exports fell 0.5 per cent while apparel exports dropped 4.2 per cent. In terms of RMB, China’s total textile and apparel exports declined 2.5 per cent to 488.34 billion yuan during the four-month period.

The cumulative growth rate of China’s textile and apparel exports during January-April has declined for the first time since 2011. The growth rate was 27 per cent, 0.5 per cent, 16.5 per cent and 2.1 per cent in dollar terms in 2011, 2012, 2013 and 2014 respectively.

Although there is great pressure on the Chinese textile and apparel exports, it would be too early to consider it as a turning point. (RKS)

Fibre2fashion News Desk - India

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