China apparel export falls in 2020: TexPro

03 Feb '21
2 min read
Pic: Texpro
Pic: Texpro

China’s apparel exports fell in the beginning of 2020 with Covid-19 outbreak. Apparel exports plunged 39.23 per cent in January 2020 to $7.63 billion from $12.55 billion in December 2019, according to Fibre2Fashion's market analysis tool TexPro. The exports dipped 15.11 per cent for the year 2020 (January to November) to $112.54 billion (2019: $132.57 billion).
Coronavirus severely impacted apparel value chain as it emerged from the manufacturing epicentre Wuhan. Wuhan is in Hubei province of China where the infection was first reported, is a major industrial and transport hub in the centre of the country, where there are at least 11 apparel factories, as well as thread and textile factories, printing and dyeing facilities, and footwear manufacturers. The trade disruption got triggered in February 2020 with full or partial lockdowns in 13 Chinese cities that had severely restricted key land, air, and maritime transport routes from across the country.
Nevertheless, the trade recovered in June with 53.86 per cent rise to $11.74 billion compared to January, as China Customs Statistics (CCS) reported that the country’s garment exports started rising from April 2020 and gained momentum in June 2020 with loosening of government restrictions and increased product flow across the textiles and apparel supply chain.

Fibre2Fashion News Desk (JL)

This according to Fibre2Fashion's Market Intelligence Tool - TexPro

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