Affected By Factors Such As The United States And Europe, China'S Textile And Garment Export Growth Slowed Down In August

In August, China's textile and clothing exports stopped the momentum of rapid growth in the early stage, slowing down year-on-year growth and decreasing month on month due to the impact of high inflation and increased inventory in major export markets such as the United States and Europe. According to the latest data released by the General Administration of Customs on September 7, textile and clothing exports in August increased by only 2.9% year-on-year and decreased by 6.8% month on month. From January to August, the cumulative export still maintained a rapid growth of 11%.

Textile and clothing exports are calculated in RMB: from January to August 2022, the cumulative export of textile and clothing is 1437.79 billion yuan, an increase of 11.9% over the same period of last year (the same below), of which the textile export is 665.6 billion yuan, an increase of 10.8%, and the clothing export is 772.19 billion yuan, an increase of 12.8%.

In August, the export of textile and clothing reached 2089.99 billion yuan, up 7.3%, and decreased by 6.8% month on month. Among them, textile export was 84.27 billion yuan, increased by 4.1%, decreased by 8% month on month, clothing export was 124.72 billion yuan, increased by 9.6%, and decreased by 5.9% month on month.

Textile and clothing exports are calculated in US dollars: from January to August 2022, the cumulative export of textile and clothing was 220.3 billion US dollars, an increase of 11%, including 102.27 billion US dollars of textile exports, an increase of 10.2%, and 118.03 billion US dollars of clothing exports, an increase of 11.6%.

In August, textile and clothing exports reached US $30.976 billion, an increase of 2.9% and a decrease of 6.8% on a month on month basis. Among them, textile exports were $12.49 billion, down 0.2% and 8% month on month. Clothing exports were $18.486 billion, up 5.1% and down 5.9% month on month.