The China Chamber of Commerce for Import and Export of Textiles disclosed on July 13 that in the first half of the year, China's textile and apparel exports increased by about 3% and 12% year-on-year in RMB and US dollars, respectively, maintaining rapid growth compared with the same period in 2019. Specifically, textile exports suffered from a year-on-year decline due to the shrinking demand for masks, while clothing exports grew rapidly due to the recovery of external demand.
In RMB terms, from January to June 2021, textile and apparel exports totaled RMB 908.87 billion, up 3.27% YoY, of which textile exports were RMB 444.85 billion, down 14.63% YoY, and apparel exports were RMB 464.02 billion, up 29.25% YoY. In dollar terms, textile and apparel exports totaled USD 140.086 billion, which is 11.90% higher from the same period last year and 12.76% higher from 2019.
In June 2021, textile and apparel exports dropped 4.71% YoY and rose 13.75% MoM to USD 27.664 billion, which is 12.24% higher from the same period in 2019. To be specific, textile exports dropped 22.54% YoY and rose 3.23% MoM and 21.40% from the same period in 2019; apparel exports rose 17.67% YoY, 24.20% MoM and 5.66% from the same period in 2019.
(Source: CCPIT/www.chinatradenews.com.cn/)
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