In the first half of the year, the cumulative export of textiles and garments achieved growth, which was better than the overall national trade in goods and exceeded expectations. The main reason is that the export of anti-epidemic materials has driven the rapid growth of textile exports. Affected by the reduction in external demand, apparel exports continued to decline, but the decline in June was significantly narrower than in April and May, showing signs of recovery.
Textile and apparel exports are calculated in RMB:
From January to June 2020, the total exports of textile and apparel were 880.07 billion yuan, an increase of 6.7%, of which textile exports were 521.06 billion yuan, an increase of 32.4%, and clothing exports were 359.01 billion yuan, a decrease of 16.7%.
In June, textile and apparel exports were 205.65 billion yuan, an increase of 22.2%, of which textile exports were 114.43 billion yuan, an increase of 62.7%, and clothing exports were 91.22 billion yuan, a decrease of 6.9%.
Textile and apparel exports are in US dollars:
From January to June 2020, textile and apparel exports totaled US$125.18 billion, an increase of 3.1% (national merchandise trade exports fell by 6.2%), of which textile exports were US$74.1 billion, an increase of 27.8%, and clothing exports were US$51.08 billion, a decrease of 19.4%.
In June, textile and apparel exports were US$29.03 billion, an increase of 17.8% (national goods trade exports increased by 0.5%), of which textile exports were US$16.16 billion, an increase of 56.7%, and clothing exports were US$12.87 billion, a decrease of 10.3%.