Although garment exports have been on a downward trend before, there has been a notable recovery in the past month, keeping the growth moderate. From January to April 2023, exports of apparel and clothing accessories totaled $48.075 billion, up 2.5% year-on-year in 2022. These exports were worth $46.909 billion in the previous year. .
In contrast, China’s exports of textiles and garments, such as yarns and fabrics, fell 8% year-on-year (YoY) in the first four months of 2023, to $44.808 billion from $48.717 billion in the period. period from January to April 2022.
From January to April 2023, China’s exports of textiles, clothing and accessories fell 2.87% to $92.883 billion, according to the General Administration of Customs of China. However, garment exports rose 2.5% to $48.075 billion during the period. In contrast, yarn and fabric exports fell 8% to $44.808 billion.
In April 2023 alone, China exported $12.741 billion worth of textiles and garments and $12.916 billion worth of apparel.
Meanwhile, the country’s imports of yarn and textile products also fell, falling 23.4% to $3.330 billion in the January-April 2023 period from $4.345 billion in the same period. last year.
China exported a total of $323,344 billion in textiles, clothing and accessories in 2022, marking a modest 2.53% year-on-year growth. Last year’s export data included $175.396 billion in apparel and accessories and $145.079 billion in textiles, such as yarn and fabric, according to the data.
Fiber2Fashion News Desk (KUL)
