This gain spanned various categories, with garment exports experiencing a 13.1 per cent rise. The exports of garments and accessories during January-February 2024 totalled $23.384 billion, up from $20.672 billion in January-February 2023.
Textile products, including yarn and fabric, also saw a significant increase. In January-February 2024, there was a 15.5 per cent year-on-year rise, reaching a total of $21.710 billion from $18.790 billion in the same period in 2023.
Moreover, China's imports of textile yarn and fabric products also increased to $1.580 billion, which is 13.3 per cent higher than the $1.395 billion in the first two months of 2023.
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.
ALCHEMPro News Desk (KUL)
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