China’s clothing export growth rate rebounded significantly
China News Service, Beijing, December 23 (Reporter Yan Xiaohong) China Textile ImportExport Chamber of Commerce disclosed on the 23rd that from January to November 2021, China Clothing ( Exports of clothing accessories (including clothing accessories) were US$159.27 billion, a year-on-year increase of 25.4%, an increase of 15.9% over the same period in 2019, and a new high for the same period since 2015. China’s apparel exports to major markets maintained high growth.
In the first three quarters of this year, China’s clothing export growth rates were 47.4%, 35.7% and 9.6% respectively. Since the fourth quarter, the growth rate of clothing exports has picked up significantly compared with the third quarter. Exports in October were US$16.94 billion, a year-on-year increase of 25%, and exports in November were US$15.92 billion, a year-on-year increase of 23.6%.
From January to November, China’s clothing exports to the three major markets of the United States, EU and Japan increased by 38.1%, 22.6% and 8.5% respectively year-on-year. color=”#FF8040″>One Belt, One Road” Exports to countries along the route increased by 28.6% year-on-year, and exports to ASEAN, the Middle East, Africa, and Latin America increased by 26.3%, 27.6%, 35.3%, and 48.7% respectively.
From January to November, Guangdong’s total garment exports ranked first, with a year-on-year growth of 35.8%, higher than the national average growth rate; Zhejiang and Jiangsu garment exports grew by 21.9% and 15.6% year-on-year respectively, lower than the national average growth rate. Shandong and Fujian’s garment exports increased by 35% and 43.8% year-on-year respectively, higher than the national average growth rate. Among the provinces, autonomous regions and municipalities in the central and western regions, Shanxi, Ningxia, Sichuan and Tibet’s garment export growth rate exceeded 100%.
Industry analysis shows that judging from the situation next year, overseas orders will still be sufficient in the first quarter and even the first half of the year. At the same time, there is limited space for increasing domestic production capacity, and factors such as rising costs may have a cross-effect on China’s apparel exports. (End)
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