According to statistics from the General Administration of Customs, from January to October this year, the country’s textile and apparel exports were US$245.72 billion, a year-on-year decrease of 9.2% (a year-on-year decrease of 3.4% in RMB), and the decline continued to narrow by 0.3 percentage points compared with the first three quarters. Among them, textile exports were US$112.55 billion, a year-on-year decrease of 9.8% (a year-on-year decrease of 3.9% in RMB); clothing exports were US$133.16 billion, a year-on-year decrease of 8.7% (a year-on-year decrease of 3.1% in RMB).
In October, my country’s textile and apparel exports to the world were US$22.97 billion, a year-on-year decrease of 4.8% (a year-on-year decrease of 1.5% in RMB). Among them, textile exports were US$10.71 billion, a year-on-year decrease of 3.3% (a slight increase of 0.1% in RMB terms); clothing exports were US$12.26 billion, a year-on-year decrease of 6.0% (a year-on-year decrease of 2.9% in RMB terms), and the decline narrowed by 0.6% from the previous month. percentage points.
Figure 1. National textile and clothing export monthly statistics in 2023
The current world economic growth is slowing down, the global textile supply chain has been deeply adjusted, and the industry’s foreign trade development is facing pressure. In the first three quarters of this year, my country’s textile and apparel exports to the three traditional markets of the United States, the European Union and Japan fell by 15.6%, 20.5% and 12.3% respectively year-on-year. But at the same time, as my country and its co-building partner countries actively promote the development of the “Belt and Road”, benefiting from the continuous optimization of the environment and smooth and convenient channels, the scale of my country’s textile and apparel exports to some countries along the “Belt and Road” continues to expand. From January to September this year, the value of my country’s textile and clothing exports to Russia, Kazakhstan, Singapore and other countries increased by 20.4%, 52.4% and 24.9% year-on-year respectively. It is recommended that foreign trade companies in the industry actively seize the historic opportunity of the high-quality Belt and Road Initiative entering a new stage, explore diversified international markets, and strive to create more trade increments.
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