China's textile & garment exports turn positive in April

On a year-on-year basis, the value of export of textile yarn, fabric and made-up goods increased by 1.56 per cent to $9.81 billion during the month. On a month-on-month basis, the growth was 7.88 per cent, the data showed.

Likewise, export of garment and accessories fetched $11.79 billion in April 2017, registering an increase of 5.37 per cent year-on-year and 8.03 per cent month-on-month.

Consolidated export figures for the first four months of 2017 showed that China’s textile and garment exports declined 1.28 per cent year-on-year to $76.51 billion. While textile exports dropped by a negligible 0.11 per cent to $33.08 billion, clothing exports were down by 2.15 per cent to $43.43 billion.

During the ongoing Chinese cotton year 2016-17 that began on September 1, 2016, China had so far exported $165.79 billion worth of textiles and apparel, showing a drop of 6.33 per cent over comparable period of the previous season. Of this, textile exports were down by 4.15 per cent year-on-year to $67.59 billion, whereas garment exports fell 7.78 per cent to $98.20 billion. (RKS)

ALCHEMPro News Desk – China