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Tuesday, 30 March 2021 12:40

China records 50% growth in apparel exports during Jan-Feb’21

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China reported a 50 per cent Y-o-Y rise in the apparel and accessory exports during January-February’21, says latest data released by the General Administration of Customs China (GACC). As per Apparel Resources, the country also recorded a 48 per cent rise in its garment imports to $1.93 billion in the first two months of 2021. China’s garment and accessory imports rose by 18.20 per cent on Y-o-Y basis in February’21 to $ 815.67 million. However, they dropped on M-o-M basis due to the Chinese New Year holidays.

However, the value of China textile imports declined by around 3 per cent to $2.08 billion during the January-February ’21 period. The country noted 42.20 per cent growth in January ’21 value, while it dropped by around 45.50 per cent on Y-o-Y in February ’21.