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China’s textile and apparel exports cross $100 billion

25/06/2015 | BLog
China’s textile and apparel exports cross $100 billion
The exports of textiles and apparel from China crossed the $100 billion mark in the first five months of 2015, according to the data released by the General Administration of Customs.

During January-May 2015, China’s total textile and garment exports stood at $103.036 billion, showing a drop of 3.5 per cent year-on-year. Of this, textile exports fell 1.3 per cent to $43.446 billion while clothing exports dropped 5.1 per cent to $59.59 billion. 

In terms of RMB, China’s total textile and apparel exports declined 3.4 per cent to 631.86 billion yuan during the five-month period. Category-wise, textile exports decreased 1.2 per cent to 266.468 billion yuan, whereas garment exports were down 5 per cent to 365.392 billion yuan, the data showed.

China’s textile and garment exports have been declining for the past few months. Due to the impact of weak global economy, the performance of China’s main textile and garment export markets is not ideal, according to experts. Although there is economic recovery in the US, difficulties still exist in Japan and the European market, resulting in continued slump in China’s textile and apparel exports.

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