Textile and garment exports

In 2024, China's policy of stabilizing the economy and stabilizing foreign trade will continue to exert force, driven by the rebound of overseas demand, more convenient trade exchanges, the accelerated development of new forms and new models of foreign trade and the low base effect of the same period last year, China's textile and garment exports from January to February will continue to rebound in December last year, continue to maintain growth, and stabilize and improve as a whole.

According to the latest data released by the General Administration of Customs on March 7, in US dollar terms, the cumulative export of textile and garment from January to February was 45.09 billion US dollars, a year-on-year increase of 14.3%, of which textile exports were 21.71 billion US dollars, an increase of 15.5%, and clothing exports were 23.38 billion US dollars, an increase of 13.1%, and the growth rate exceeded the growth rate of national goods trade exports.

Despite the rapid growth, the export volume in January and February has not reached the level of the same period in 2022, and it is still a recovery growth. At present, China's textile and garment foreign trade is still facing many uncertainties, the foreign trade situation is still severe and complex, and the next stage of export performance remains to be observed.

Exports of textiles and apparel are denominated in RMB:

From January to February 2024, the cumulative export of textile and garment was 320.53 billion yuan, an increase of 17.5% over the same period last year (the same below), of which textile exports were 154.33 billion yuan, an increase of 18.9%, and clothing exports were 166.2 billion yuan, an increase of 16.3%.

Exports of textiles and apparel in US dollars:

From January to February 2024, the cumulative export of textile and garment was 45.09 billion US dollars, an increase of 14.3%, of which textile exports were 21.71 billion US dollars, an increase of 15.5%, and clothing exports were 23.38 billion US dollars, an increase of 13.1%.

The total value of imports and exports of goods in China is calculated in RMB:

From January to February 2024, the total value of imports and exports of goods trade was 6,613.79 billion yuan, an increase of 8.7 percent over the same period last year, of which exports were 3,752.32 billion yuan, an increase of 10.3 percent, and imports were 2,861.46 billion yuan, an increase of 6.7 percent.

The total value of imports and exports of goods in the country is calculated in US dollars:

From January to February 2024, the total value of imports and exports of goods trade was 930.86 billion US dollars, an increase of 5.5%, of which exports were 528.01 billion US dollars, an increase of 7.1%, and imports were 402.85 billion US dollars, an increase of 3.5%.