According to the latest data released by the General Administration of Customs on October 14, in US dollars, textile and garment exports fell 3.8% year on year and 11.3% month on month in September. Among them, textile exports fell 2.1% and clothing exports fell 5.1%.
The Zhitong Finance App learned that according to the latest data released by the General Administration of Customs on October 14, textile and garment exports fell 3.8% year on year and 11.3% month on month in September due to adverse factors such as weak demand in overseas markets, the decline in global manufacturing sentiment, and the appreciation of the RMB, according to the latest data released by the General Administration of Customs on October 14. Among them, textile exports fell 2.1% and clothing exports fell 5.1%.
In the first three quarters of this year, China's textile and garment exports totaled 222.41 billion US dollars, an increase of 0.5% over the previous year. Among them, textile exports were 104.3 billion US dollars, an increase of 2.9%, and clothing exports were 118.11 billion US dollars, a decrease of 1.6%. Looking ahead to the fourth quarter, adverse factors such as the sustainability of the recovery in overseas demand, trade protectionism, and geopolitics will continue. As the “base effect” weakens further, China's textile and garment export growth will still face major challenges.
Textiles and clothing exports are measured in RMB:
From January to September 2024, textile and garment exports totaled 1581.65 billion yuan, an increase of 2.2% over the same period last year (same). Among them, textile exports were 741.71 billion yuan, an increase of 4.8%, and clothing exports were 839.94 billion yuan, the same as last year. In September, textile and garment exports were 176.66 billion yuan, down 6% year on year and 11.4% month on month. Among them, textile exports were 80.18 billion yuan, down 4.4% year on year, down 8% month on month, and clothing exports were 96.48 billion yuan, down 7.3% year on year and 14% month on month.
Textiles and clothing exports in US dollars:
From January to September 2024, textile and garment exports totaled 222.41 billion US dollars, an increase of 0.5%, including textile exports of 104.3 billion US dollars, an increase of 2.9%, and clothing exports of 118.11 billion US dollars, a decrease of 1.6%. In September, textile and garment exports were 24.78 billion US dollars, down 3.8% year on year and 11.3% month on month. Among them, textile exports were 11.25 billion US dollars, down 2.1% year on year, down 8% month on month, and clothing exports were 13.53 billion US dollars, down 5.1% year on year and 14% month on month.
