China's textile & garment exports rise slightly in Jan-Apr 2024

20 May '24

2 min read

China's textile & garment exports rise slightly in Jan-Apr 2024

Pic: Adobe Stock

Insights

From January-April, China's exports of textiles, garments and accessories rose 0.57 per cent to $89.836 billion.
Textile exports saw a 1.2 per cent increase, while garment exports remained flat.
In April 2024, exports of garments and textiles totalled $23.933 billion.
Imports of textile yarn and fabric products increased by 10.2 per cent to $3.671 billion.

From January to April 2024, China's cumulative exports of textiles, garments, and accessories increased to $89.836 billion, according to data released by the General Administration of Customs of China. This represents a 0.57 per cent rise from the $89.320 billion recorded in the same period of 2023.

This gain was noticed in textile exports, but garment exports remained almost flat. The exports of garments and accessories during January to April 2024 totalled $45.556 billion, almost the same as $45.559 billion in the same period in 2023.

Textile products, including yarn and fabric, also saw an increase. From January to April 2024, there was a 1.2 per cent year-on-year rise, reaching a total of $44.280 billion from $43.761 billion in the same period in 2023.

In April 2024, Chinese exports of garments and clothing were noted at $11.743 billion, and the shipment of textile yarn, fabrics and articles at $12.190 billion, totalling $23.933 billion.

Moreover, China's imports of textile yarn and fabric products also increased to $3.671 billion, which is 10.2 per cent higher than the $3.331 billion in the first four months of 2023. In April 2024, the imports by China reached $0.974 billion.

In 2023, China's exports of textiles, garments, and accessories had decreased by 8.05 per cent to $293.641 billion from $319.376 billion in 2022. Garment exports slipped by 7.8 per cent to $159.144 billion, and textile exports by 8.3 per cent to $134.497 billion in the last year. China's imports of textile yarn and fabric products had also declined by 1.2 per cent to $11.742 billion from $11.881 billion in 2022.

Fibre2Fashion News Desk (KUL)

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