According to the latest data released by the General Administration of Customs on June 7, while external demand has not yet effectively recovered, combined with the impact of the supply chain recovery and high export base in the same period last year, my country’s textile and apparel exports declined again in May. In U.S. dollar terms, exports fell 13.1% year-on-year and 1.3% month-on-month. From January to May, the cumulative year-on-year decrease was 5.3%, and the decline expanded by 2.4 percentage points from the previous month. From the perspective of export commodity categories, due to the decline in overseas demand and the decrease in clothing export orders from Southeast Asian countries, China’s exports of intermediate goods fell faster than final consumer goods. In May, textile exports fell by 14.2% year-on-year and 5.6% month-on-month. Clothing exports stabilized slightly, year-on-year. A decrease of 12.2% and a month-on-month increase of 3%.
Textile and clothing exports in RMB: From January to May 2023, the cumulative exports of textiles and clothing were 812.37 billion yuan, an increase of 2.1% over the same period last year (the same below), of which textile exports were 390.48 billion yuan, a decrease of 2.4%, and clothing exports were 421.89 billion yuan. An increase of 6.6%.
In May, textile and clothing exports were 174.07 billion yuan, a year-on-year decrease of 10.8%, and a month-on-month decrease of 1.1%. Among them, textile exports were 82.64 billion yuan, a decrease of 11.9%, and a month-on-month decrease of 5.5%. Clothing exports were 91.43 billion yuan, a decrease of 9.8%, and a month-on-month increase of 3.2%. .
Textile and clothing exports in US dollars: From January to May 2023, the cumulative exports of textiles and clothing were US$118.2 billion, a decrease of 5.3%, of which textile exports were US$56.83 billion, a decrease of 9.4%, and clothing exports were US$61.37 billion, a decrease of 1.1%.
In May, textile and clothing exports were US$25.32 billion, down 13.1%, and down 1.3% month-on-month. Among them, textile exports were US$12.02 billion, down 14.2%, and down 5.6% month-on-month. Clothing exports were US$13.3 billion, down 12.2%, and up 3% month-on-month.
</p
