According to the statistical bulletin of the General Administration of Customs, from January to November this year, the country’s textile and clothing exports were US$297.63 billion, a year-on-year increase of 4.5% (a year-on-year increase of 7.1% in RMB). Among them, textile exports were US$136.93 billion, a year-on-year increase of 4.7% (a year-on-year increase of 7.0% in RMB); clothing exports were US$160.7 billion, a year-on-year increase of 4.3% (a year-on-year increase of 7.2% in RMB).
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The current international environment is becoming increasingly complex and severe, and inflationary pressures in developed economies such as the United States and Europe continue to increase. Affected by factors such as weak overseas consumer demand, my country’s textile and apparel foreign trade companies are facing risks and challenges such as insufficient orders. , exports are under further pressure. In November, national textile and apparel exports totaled US$24.39 billion, a year-on-year decrease of 14.6% (a year-on-year decrease of 5.6% in RMB terms). Among them, textile exports were US$11.27 billion, a year-on-year decrease of 14.8% (a year-on-year decrease of 1.9% in RMB). Since falling into the negative growth range in August, the decline has continued to expand; clothing exports were US$13.12 billion, a year-on-year decrease of 14.4% (a year-on-year decrease in RMB). (a decrease of 5.4%), the decline narrowed by 1.6 percentage points from the previous month. Recently, the November manufacturing PMI (Purchasing Managers Index) released by the National Bureau of Statistics dropped to 48.0%, which has been below the critical point for two consecutive months, indicating that the downward pressure on the manufacturing industry has increased. Among them, the new orders index was 46.4%, down 1.7 percentage points from the previous month, and market demand continued to fall. ![]()
Looking at the performance of major export markets, compared with the first half of the year, China’s textile and apparel exports to ASEAN (US$46.47 billion, a year-on-year increase of 20.9%) slowed down from January to October this year. 2.5 percentage points; the growth rate of exports to the United States (US$46.14 billion, a year-on-year decrease of 1.6%) significantly narrowed by 12.5 percentage points; the growth rate of exports to the EU (US$40.27 billion, a year-on-year increase of 4.7%) slowed down by 8.5 percentage points; the growth rate of exports to Japan The growth rate of exports (US$17.08 billion, a year-on-year increase of 1.9%) accelerated by 6.4 percentage points. In addition, in the first 10 months of this year, my country’s textile industry exported US$79.35 billion in textiles and clothing to the RCEP regional market, a year-on-year increase of 14%, and the growth rate continued to increase by 0.3 percentage points compared with the first half of the year. Recently, leaders of China and ASEAN countries have jointly announced the launch of China-ASEAN Free Trade Area 3.0 negotiations. At the same time, they will continue to improve the implementation capabilities of the Regional Comprehensive Economic Partnership Agreement (RCEP) of each member party, which will help our country The textile industry further unleashes the potential of trade cooperation with ASEAN countries.
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