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Chinese apparel and textile exports decline in H1 '23

 

Chinese apparel and textile exports faced challenges in H1 '23, with apparel exports declining by 6% to $74.98 billion compared to the previous year. The slowdown was mainly due to a drop in US imports, China's primary export destination, falling by over 30% in Jan.-May '23. However, there's a glimmer of hope as June '23 showed signs of recovery, with apparel exports reaching $15.42 billion. Meanwhile, textile exports also saw a significant 11% decline to $67.69 billion in H1 '23.

 
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