According to the latest data released by the General Administration of Customs, China’s textiles and apparel exports (T&A) saw rapid growth in Oct’24.
In CNY-denominated terms, China’s textiles and apparel exports increased by 3 per cent Y-o-Y to 1.76 trillion from Jan- Oct’24. Among these, textile exports increased by 5.8 per cent Y-o-Y to 829.52 billion yuan, while apparel exports rose by 0.7 per cent Y-o-Y to 932.75 billion yuan. In Oct’24, China’s T&A exports increased by 8.5 per cent Y-o-Y and 2.3 per cent M-o-M to 180.65 billion yuan. During the month, China’s textile exports increased by 12.6 per cent Y-o-Y to 87.83 billion yuan while apparel exports rose by 4.9 per cent Y-o-Y to 92.82 billion yuan.
In US$-denominated terms, from Jan-Oct’ 24, China’s cumulative T&A exports totaled increased by 1.5 per cent Y-o-Y to $247.89 billion. Among these, textiles exports reached $116.69 billion, increasing by 4.1 per cent Y-o-Y while apparel exports declined by 0.7 per cent Y-o-Y to $ 131.2 billion In October alone, China’s T&A exports increased by 11.9 per cent $25.48 billion. Of this, textile exports expanded by 16.1 per cent Y-o-Y to $12.39 billion while apparel exports rose by 8.1 per cent Y-o-Y to $13.09 billion.
