General Administration Of Customs: China'S Textile And Clothing Export Increased By 8.6% From January To April

According to today's statistical news of the General Administration of customs, from January to April this year, China's textile and clothing exports reached US $95.84 billion, an increase of 8.6% (in RMB terms, a year-on-year increase of 6.4%), a decrease of 2.6 percentage points compared with the growth rate of exports in the first quarter. Among them, the textile export was 48.82 billion US dollars, with a year-on-year increase of 11.1% (in terms of RMB, a year-on-year growth of 8.9%); Clothing exports reached US $47.02 billion, up 6.2% year-on-year (4.0% in RMB terms).

Figure 1 Monthly statistics of China's textile and clothing exports from 2021 to 2022 (amount: US $100 million)

In April, China's textile and clothing exports reached US $23.59 billion, up 7.0% month on month and 1.6% compared with the same period last year (down 0.2% in RMB terms). Among them, the textile export was US $12.26 billion, with a year-on-year increase of 0.9% (in terms of RMB, a year-on-year decrease of 0.9%). Clothing exports reached US $11.33 billion, up 2.4% year-on-year (0.5% year-on-year in terms of RMB), but the growth rate was 8.5% lower than that of last month.

Under the situation that China's foreign trade development is facing increasingly complex and severe external environment, China's export trade volume of goods increased by 12.5% (in US dollars) year-on-year from January to April, reflecting the characteristics of China's strong economic resilience, full potential and wide room for maneuver. However, since the second quarter, the textile and clothing industry has been affected by the epidemic situation in many places, and foreign trade has been under great downward pressure. Only from the perspective of export performance in April, the growth rate of China's textile and garment export (1.6% in US dollar) fell by 15.2% compared with March.