In July, The Growth Rate Of Textile Export Slowed Down, And The Decline Rate Of Clothing Was Narrowed

On August 7, the General Administration of Customs of the people's Republic of China released the national cargo trade data from January to July 2020. From January to July, the total value of imports and exports of goods trade was 17.2 trillion yuan, down 1.7% compared with the same period last year (the same below). Among them, exports were 9.4 trillion yuan, down 0.9%, and imports were 7.7 trillion yuan, down 2.6%. The import and export increased by 1.7 trillion yuan, 2.6 trillion yuan in import and export.

From April to July, the export of textiles and clothing has achieved growth for four consecutive months. With the gradual alleviation of the global epidemic situation, the demand for epidemic prevention materials decreased, and the growth rate of textile export in July slowed down compared with the previous period. The purchase demand for clothing in the main markets rebounded, and the clothing export tended to improve, with a significantly narrower decline compared with the previous period.

Textile and clothing exports are calculated in RMB:

From January to July 2020, the cumulative export of textile and clothing was 1101.92 billion yuan, an increase of 9.2%, including 634.32 billion yuan of textile exports, an increase of 35.8%, and 467.6 billion yuan of clothing exports, a decrease of 13.8%.

In July, textile and clothing exports reached 221.85 billion yuan, an increase of 17.2%, including 113.26 billion yuan of textile exports, an increase of 52.8%, and 108.59 billion yuan of clothing exports, a decrease of 5.8%.

Textile and clothing exports are calculated in US dollars:

From January to July 2020, the cumulative export of textile and clothing was 156.48 billion US dollars, an increase of 5.6% (the export of national goods trade decreased by 4.1%), of which the textile export was 90.08 billion US dollars, an increase of 31.3%, and the clothing export was 66.4 billion US dollars, a decrease of 16.6%.

In July, the export of textile and clothing was US $31.3 billion, an increase of 16.1% (the export of national goods trade increased by 7.2%), of which the export of textile was $15.98 billion, an increase of 49.3%, and the export of clothing was $15.32 billion, a decrease of 5.7%.