[The industry still needs to further accelerate the transformation and upgrading of foreign trade]
Release date:[2024/4/17] A total of reading[42]time

According to the General Administration of Customs statistics, the first quarter of the national textile and apparel exports 65.91 billion US dollars, an increase of 2.0% (in renminbi terms, a year-on-year increase of 5.4%), higher than the overall export growth rate of China's trade in goods 0.5 percentage points. Among them, textile exports were 32.09 billion US dollars, up 2.6% year-on-year (up 6.1% year-on-year in RMB terms); Garment exports were USD 33.82 billion, up 1.4% year-on-year (up 4.8% year-on-year in RMB terms). In March, China's textile and apparel exports to the world were 20.82 billion US dollars, which was affected by a higher base in the same period last year, down 17.2% (down 13.8% in RMB terms). Among them, textile exports were 10.38 billion US dollars, a year-on-year decrease of 16.8% (13.4% year-on-year decrease in RMB); Garment exports were $10.43 billion, down 17.6% year-on-year (down 14.2% in yuan terms).


January to February, China's textile industry to the main export market trade to achieve stable growth. Among them, China's export of textiles and clothing to ASEAN was 75.6 US dollars, an increase of 12.3%. In particular, exports to Cambodia, Indonesia and Malaysia rose by 42.4%, 23.8% and 14.7% year-on-year. With the gradual release of consumer demand, in the first two months, the amount of textiles and clothing exported to the United States and the European Union rose by 19.3% and 14.1% respectively. However, according to March export Bulletin data, exports to some markets are expected to decline.


From the overall trend, the current foreign trade of the textile industry is still under pressure, and the recovery of external demand has not yet stabilized, and the industry still needs to further accelerate the transformation and upgrading of foreign trade and cultivate new competitive advantages.


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