China’s apparel and accessory exports increased by three per cent year on year during 2022. This growth took place despite 2022 being a difficult year for China, especially due to a Covid resurgence.
However, massive demand in the global apparel markets in the first half of 2022 kept Chinese factories on their toes and they churned out garments day in and day out to serve their clients. Particularly in December 2022, China clocked $ 14.29 billion as compared to $ 11.59 billion in November 2022.
As far as textile exports are concerned, China shipped $ 147.95 billion worth of yarns, fabrics and other textile products in 2022, noting a marginal increase of two per cent over 2021. China is in the middle of an outward shift of its low-end textile and apparel industry, and this is expected to continue in the future. China's garment industry registered steady expansion in terms of revenue, profits and exports in the first nine months of this year. The industry’s revenue was up two per cent year on year. Profit was up 1.8 per cent over one year ago.Though the exports of garments declined in November 2022 the cumulative export values from January 2022 to November 2022 increased by five per cent year on year.