China's textile exports down 2.87% in Jan-Apr; garment exports recover

25 May '23

2 min read

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Insights

From January to April 2023, China's textile, clothing and accessories exports decreased by 2.87 per cent to $92.883 billion, as per the General Administration of Customs of China.
However, garment exports rose by 2.5 per cent to $48.075 billion during this period.
In contrast, exports of yarn and fabric dropped by 8 per cent to $44.808 billion.

From January to April 2023, China's overall exports of textiles, clothing and accessories totalled $92.883 billion. This marked a decline of 2.87 per cent compared to the same period in the previous year, according to data from the General Administration of Customs of China. However, garment exports saw an increase, with a 2.5 per cent rise during the same period.

Despite the previous downward trend in garment shipments, there has been a notable recovery in the past month, causing a moderate growth. From January to April 2023, the export of garments and clothing accessories reached $48.075 billion, a 2.5 per cent increase from the same period in 2022. These exports were valued at $46.909 billion in the prior year.

Conversely, China's exports of textiles, such as yarn and fabric, fell 8 per cent year-on-year (YoY) in the first four months of 2023, down to $44.808 billion from $48.717 billion in January-April 2022.

In April 2023 alone, China exported $12.741 billion worth of textiles and $12.916 billion worth of garments.

Meanwhile, the country's imports of textile yarn and fabric products also saw a decrease, falling by 23.4 per cent to $3.330 billion in January-April 2023 from $4.345 billion during the same period last year.

China exported a total of $323.344 billion in textiles, clothing, and accessories in 2022, marking a modest growth of 2.53 per cent compared to the previous year. Last year's exports included $175.396 billion in garments and accessories and $145.079 billion in textiles, such as yarn and fabric, according to the data.

Fibre2Fashion News Desk (KUL)

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