China's textile & apparel export jump 34% in March '16

16 Apr '16

2 min read

The exports of textile and apparel from China shot up by 34.13 per cent year-on-year in March 2016, according to data from China Customs.

During the month, the value of textile and apparel export made by China stood at $16.85 billion. Category-wise, textile exports were up 34.85 per cent to $7.92 billion, while garment exports rose 33.50 per cent to $8.93 billion, the data showed.

Despite the sharp jump during the month, the value of Chinese textile and clothing exports in the first quarter of 2016 remained negative.

During January-March 2016, Chinese textile and apparel exports amounted to $56.64 billion, registering a drop of 5.22 per cent year-on-year. Of this, textile exports accounted for $23.45 billion, down 2.20 per cent, whereas apparel exports were down 7.30 per cent to $33.18 billion.

In 2015, China's textile exports fell for the first time since 2009, when exports were affected due to global financial crisis. Appreciation of yuan, sluggish economies of export destinations, increase in overseas investment by Chinese enterprises, and rising labour costs in China were the major factors that resulted in 5 per cent drop in textile and apparel exports, which were down to $286.8 billion. (RKS)

Fibre2Fashion News Desk – China

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