China's textile exports down 2.87% in Jan-Apr; garment exports recover

Despite the previous downward trend in garment shipments, there has been a notable recovery in the past month, causing a moderate growth. From January to April 2023, the export of garments and clothing accessories reached $48.075 billion, a 2.5 per cent increase from the same period in 2022. These exports were valued at $46.909 billion in the prior year. 

Conversely, China's exports of textiles, such as yarn and fabric, fell 8 per cent year-on-year (YoY) in the first four months of 2023, down to $44.808 billion from $48.717 billion in January-April 2022. 

In April 2023 alone, China exported $12.741 billion worth of textiles and $12.916 billion worth of garments. 

Meanwhile, the country's imports of textile yarn and fabric products also saw a decrease, falling by 23.4 per cent to $3.330 billion in January-April 2023 from $4.345 billion during the same period last year. 

China exported a total of $323.344 billion in textiles, clothing, and accessories in 2022, marking a modest growth of 2.53 per cent compared to the previous year. Last year's exports included $175.396 billion in garments and accessories and $145.079 billion in textiles, such as yarn and fabric, according to the data. 

ALCHEMPro News Desk (KUL)