China's apparel exports to Germany down in Sept; $4.8 bn in Jan-Sept

China’s shipment to Germany fell in September from $671.260 million in August 2022. The exports were recorded at $860.868 million in July, $785.247 million in June, $578.393 million in May and $338.401 million in April 2022, according to Fibre2Fashion’s market insight tool TexPro. The monthly shipment dropped after peaking in July 2022 due to high inflation, which reduced the buying power of consumers, thus affecting sale of discretionary products including textiles. 

Apparel supply from China witnessed an increase in Q3, 2022 over previous quarters due to better performance in the first two months of recently concluded quarter. The exports reached $1.923 billion in Q3 2022, $1.702 billion in Q2 2022 and $1.190 billion in Q1 2022. Last year, the shipment reached $1.556 billion in Q4, $1.818 billion in Q3, $1.226 billion in Q2 and $1.076 billion in Q1. Total exports in the first nine months amounted to $4.816 billion, up from the exports of $4.12 billion in the corresponding period of last year. 

China had exported apparel worth $5.678 billion in 2021, $4.981 billion in 2020, $5.679 billion in 2019, $6.404 billion in 2018 and $6.180 billion in 2017, as per TexPro. 

ALCHEMPro News Desk (KUL)