According to the statistical update released by the General Administration of Customs today, despite the pressure on foreign trade, China's textile industry remained generally stable in the first half of this year. In terms of US dollars, China's textile and apparel exports reached 143.98 billion US dollars from January to June, up 0.8% year-on-year. Among them, textile exports were 70.52 billion US dollars, up 1.8% year-on-year. Clothing exports reached 73.46 billion US dollars, a slight decrease of 0.2% year-on-year.
In terms of RMB, the export value of textiles and garments in the first half of the year was 1,034.82 billion yuan, increasing by 1.9% year-on-year. Among them, the export value of textiles was 506.81 billion yuan, growing by 3% year-on-year. Clothing exports reached 528.01 billion yuan, up 1% year-on-year.
This year, China's textile industry has been confronted with a complex and severe external environment, and the pressure on exports has significantly increased. Especially after the second quarter, due to the frequent adjustments in the US trade policy, the industry's exports to the US have shown significant fluctuations. Customs data shows that China's textile and apparel exports to the United States decreased by approximately 20% year-on-year in April and May. However, thanks to a complete industrial system and advanced manufacturing advantages, as well as the effectiveness of a diversified international market layout, the industry's reliance on a single market has continued to decline. Its exports to developed economies such as the European Union, Japan, and South Korea, as well as emerging markets like Bangladesh, Cambodia, Indonesia, Brazil, and Nigeria, have remained vigorous, demonstrating strong export resilience. In June, China's textile and apparel exports to the world reached 27.31 billion US dollars, a slight decrease of 0.1% year-on-year (up 1.1% year-on-year in RMB terms). Among them, textile exports were 12.05 billion US dollars, a year-on-year decrease of 1.6% (a year-on-year decrease of 0.3% in RMB terms). Clothing exports reached 15.27 billion US dollars, increasing by 1.1% year-on-year (2.3% year-on-year in RMB terms).
In the face of the current foreign trade situation, Chinese textile enterprises urgently need to flexibly adjust their strategies. On the one hand, they should take market diversification as a key measure to enhance the security and resilience of foreign trade and continuously strengthen their risk resistance capabilities. On the other hand, we should focus on enhancing the resilience of our own industrial chains and the added value of our products, and actively utilize new business forms and models to accelerate the cultivation of new drivers for foreign trade growth.
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