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China's textile exports to ASEAN soar but imports stagnant

02 Sep '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Trade between China and ASEAN has significantly increased over the past decade, with a particular surge in Chinese textile exports.
  • According to data, Chinese apparel and home textile exports to ASEAN jumped **%** or more in four years.
  • The total trade volume between the two rose **%** in 10 years, reaching $*****.* billion in 2022.

Last week, Chinese vice minister of commerce, Li Fei, informed the media that the trade volume between China and ASEAN had surged *** per cent over ** years, escalating from $***.* billion in **** to $***.* billion in **** 

China exported apparel worth $*.*** billion in ****. This figure jumped **.** per cent to $**.*** billion in ****. Even in the COVID-affected year of ****, the shipment rose to $**.*** billion, further increasing to $**.*** billion in **** and $**.*** billion in ****. From January to May ****, China exported apparel worth $*.*** billion, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro. 

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