According to the data released by the General Administration of Customs of China, the country’s apparel and textile exports grew by over 40 per cent in the first two months of this year, due to the low base effect caused by the pandemic.

As per a China Textile report, the total value of China’s imports and exports in the first two months of 2021 increased by 32.2 per cent to 5.44 trillion yuan. Of this, exports increased by 50.1 per cent to 3.05 trillion yuan while imports increased by 14.5 per cent to 2.38 trillion yuan.

In the first two months of 2021, the total value of imports and exports in goods trade reached USD 834.49 billion, up 41.2 percent over the same period last year, of which exports reached USD 468.87 billion, up 60.6 percent, and imports reached USD 365.62 billion, up 22.2 percent.

In dollar terms, the accumulative exports of textile and apparel during the first two months of 2021 increased by 55 per cent to reach $46.18 billion. Of this, textile exports increased by 60.8 per cent to $22.13 billion while apparel exports increased by 50 per cent to $24.05 billion.