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According to data from the General Administration of Customs (GACC), China’s combined exports of textiles, garments and accessories declined *.** per cent year on year to $***.** billion in ****, compared with $***.** billion in ****. This pullback followed a recovery in ****, when exports rose *.* per cent, after a sharp *.** per cent contraction in ****, when shipments fell to $***.** billion from $***.** billion in ****.
The **** slowdown was driven largely by a contraction in garment exports. Shipments of garments and accessories fell * per cent year on year to $***.** billion from $***.** billion, reflecting subdued apparel demand in key consumer markets, persistent inflationary pressures on discretionary spending, and continued sourcing diversification by global buyers seeking to reduce concentration risk. In contrast, exports of textile products—including yarns, fabrics and related articles—edged up *.* per cent to $***.** billion from $***.** billion, supported by steadier demand from regional manufacturing hubs and China’s competitiveness in higher-value textile intermediates.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
