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China's textile & apparel exports growth slides in Q1
14 Apr '15
1 min read
The growth rate of China’s textile and apparel exports slowed down in the first quarter of 2015.
In January-March 2015 quarter, China’s total textile and apparel exports were valued at US$ 59.78 billion, registering an increase of 2.9 per cent year-on-year, according to the latest Customs data.
Category-wise, textile exports fetched $23.99 billion, growing at 4.2 per cent year-on-year, while apparel exports earned $35.79 billion, rising at 2 per cent.
China’s textile and garment exports were affected by the Spring Festival in January, and showed a sharp rebound in February. Although no longer affected by seasonal factors, March exports declined sharply notching $12.57 billion, down 32.6 per cent year-on-year. Of this, textile exports dropped 29 per cent to $5.88 billion, whereas garment exports declined 35.4 per cent to $6.69 billion.
Industry analysts, however, foresee an improvement in China’s textile and clothing exports in the second half of 2015. (RKS)
Fibre2fashion News Desk - India
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