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China's textile & garment exports gain 2.7% to $301 bn in 2024

24 Jan '25

2 min read

China's 2024 textile, garment, and accessory exports totalled $301.1 billion, a 2.79 per cent rise from 2023, driven by a 5.7 per cent increase in textile exports to $141.96 billion, while garment exp

Insights

China's 2024 textile, garment, and accessory exports totalled $***.* billion, a *.* per cent rise from 2023, driven by a *.* per cent increase in textile exports to $***.** billion, while garment exports grew *.* per cent to $***.** billion.
Imports dropped *.* per cent to $*.** billion.
In 2023, exports fell *.* per cent to $***.** billion amid underperforming garment shipments.

China succeeded in gaining in the global textile and apparel trade despite market volatility and a fragile geopolitical scenario. This growth was primarily driven by a rise in textile shipments, as garment exports continued to underperform. The exports of textile products, including yarn and fabric, saw an increase of *.* per cent year-on-year (YoY), reaching $***.*** billion, up from $***.*** billion in ****.

Exports of garments and accessories amounted to $***.*** billion, with a mild gain of *.* per cent last year compared to $***.*** billion during the corresponding period in ****.