For the first nine months of 2022 China’s textile and garment exports rose by nine per cent.

The combined sales of China’s main retailers were up three per cent over the same period. The overall value-added output of China’s main textile companies saw a 0.4per cent decrease for the first nine months of 2022. Overall China’s textile sector showed stable growth over the same period. Earnings of Chinese textile companies with an annual main business revenue of at least 20 million yuan were up three per cent in the first nine months of 2022.

The EU countries, the US, Japan and Asean countries are still the major destinations for China’s textile and apparel exports. Year-on-year growth of exports to Asean and Bangladesh increased more rapidly to reach 23 per cent and 36 per cent respectively.The proportion of China’s textile and apparel exports to Europe, the US and Japan has moved down gradually. The proportion to the US, in particular, has declined rapidly since the US-China trade war. Although China’s textile and apparel still hold a dominant position in those countries, especially in Japan, yet parts of the share are being squeezed by Southeast and South Asia countries.