China's fabric exports rise 2.74% in Jan-Jul, Vietnam top buyer

22 Sep '24

2 min read

China's fabric exports rise 2.74% in Jan-Jul, Vietnam top buyer

Pic: Adobe Stock

Insights

China's fabric exports reached $39.519 billion during January-July 2024, a 2.74 per cent increase from the previous year.
Vietnam was the largest buyer, accounting for 16.52 per cent of exports.
Other major markets included Bangladesh, Cambodia, Indonesia, and India.
In 2023, fabric exports totalled $65.816 billion, an 8.35 per cent decline from 2022, with Vietnam remaining the top buyer.

China exported fabric worth $39.519 billion during January-July 2024, which was 2.74 per cent higher than the exports of $38.464 billion during the corresponding period of the previous year. Vietnam was the top buyer of Chinese fabric, with shipments amounting to $6.527 billion during this period. Vietnam’s share was 16.52 per cent of China’s total fabric exports.

According to Fibre2Fashion's market insight tool TexPro, Bangladesh, Cambodia, Indonesia, and India were also among the top five buyers of Chinese fabric. Exports to Bangladesh amounted to $3.711 billion, representing 9.39 per cent of the total. Shipments to Cambodia were valued at $2.535 billion (6.42 per cent), Indonesia at $1.766 billion (4.47 per cent), and India at $1.274 billion (3.23 per cent). Other top markets included Myanmar, Nigeria, the United Arab Emirates, Brazil, and Mexico.

In 2023, China exported fabric worth $65.816 billion, 8.35 per cent lower than the $71.819 billion exported in 2022.

In 2023, China’s fabric exports to Vietnam totalled $10.317 billion, with Vietnam accounting for 15.68 per cent of China’s total fabric exports of $65.816 billion, according to TexPro.

Fabric exports to Bangladesh were valued at $5.611 billion (8.53 per cent), Cambodia at $3.300 billion (5.02 per cent), Indonesia at $2.954 billion (4.49 per cent), and Nigeria at $2.308 billion (3.51 per cent) during the same year.

Fibre2Fashion News Desk (KUL)

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This according to Fibre2Fashion's Market Intelligence Tool - TexPro