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China’s apparel export surges in July by 18.96%

The General Administration of Customs of China says the country has surged 18.96 per cent in its apparel and accessories exports in July ’20 over June ’20. Textile exports continued to decrease for straight 3rd month in a row now.

According to the compilation of data done by Apparel Resources, the export of apparel and accessories of China valued US $ 15.32 billion in July ’20 as compared to US $ 12.87 billion in June ’20.

Of this overall value, apparels contributed US $ 13.32 billion, marking 19.46 per cent monthly growth over June ’20. Cumulatively from January-July ’20 period, the Chinese apparel exports took a hit of 5.60 per cent to clock the US $ 57.84 billion.

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The rising monthly apparel exports are now bringing China close to the level of 2019, gradually.

As far as textile export is concerned, it was growing till April this year and started declining on a monthly basis thereafter but still kept the cumulative export value way ahead of the levels of 2019.

In July ’20, Chinese textile exports fell on M-o-M basis by 1.11 per cent to hit US $ 15.97 billion as against US $ 16.15 billion in the preceding month.

Of total textile export value in July ’20, textile products (majorly PPE and Med-Tex products) contributed US $ 10.68 billion which is 9.80 per cent less than what China had exported in June ’20.

However, textile exports saw a good growth in January to July ’20 period as it surged by 50 per cent on Y-o-Y to clock US $ 90 billion. Textile products, powered by PPE and Med-Tex, contributed US $ 59.54 billion, noting 152.7 per cent surge from the same of previous year.

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