China’s cumulative textile and apparel (T&A) exports declined 3.4 per cent Y-o-Y to 1.72 trillion from January to October this year. Textile exports declined 3.9 per cent Y-o-Y to CNY 787.93 billion while apparel exports declined by 3.1 per cent Y-o-Y to CNY 934.18 billion.  In October, T&A exports declined 8.6 per cent Y-o-Y and 12.5 per cent M-o-M to CNY 164.88 billion Textile exports declined by 6 per cent Y-o-Y to CNY 76.9 billion while apparel exports declined by 10.8 per cent Y-o-Y to CNY 87.98 billion.

In US$-denominated terms, China’s T&A exports declined by 9.2 per cent Y-o-Y to $245.71 billion from January-October 2023. Of these, textile exports declined 9.8 per cent Y-o-Y to $112.55 billion while apparel exports dropped by 8.7 per cent Y-o-Y to $133.16 billion during the period.  In October, China’s T&A exports dropped by 8.4 per cent Y-o-Y and 12.3 per cent M-o-M to $22.97 billion. Textile exports dipped 5.8 per cent Y-o-Y TO $10.71 billion while apparel exports declined by 10.6 per cent Y-o-Y to $12.26 billion.