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Chinese textile and apparel exports see a steep rise in May

  

China Customs Statistics (CCS) states, garment exports from the country grew 13.10 per cent to $7.63 billion as against April this year. The month-on-month surge indicates pick-up in apparel exports as retailers worldover are gradually opening stores and seeing consumers stepping out up for shopping. However, the cumulative value of Chinese apparel shipment declined by 26.40 per cent on year on year basis to clock $33.37 billion revenue.

Exports of textile yarns, fibers and other products too increased on month on month basis by 41.30 per cent to clock $20.65 billion in May ’20. The cumulative exports, however, increased massively on Y-o-Y basis by 79.20 per cent and values stood at $57.95 billion.

Of all textile products, textile yarns saw a fall of 58 per cent and exports of the same were valued at $3.87 billion, while the export of textile fabrics tumbled by 46.50 per cent to clock $17.05 billion in Jan.-May ’20 period.

Probably the massive shipment of textile products such as masks and coveralls led China see staggering surge of 295.90 per cent on Y-o-Y basis and these textile products hit $38.13 billion revenue for the country.

Though China increased on monthly basis in its apparel exports and on yearly basis in textile exports, the upcoming months will only tell when will China be able to stabilize exports of both textile and apparels.

 
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