General Administration Of Customs: In 2023, China'S Retail Sales Of Clothing, Shoes And Hats Will Reach 1.4 Trillion Yuan! 12.9% Growth

On the morning of January 17, the State Council Information Office held a press conference to release the "Transcript" of China's economy in 2023.

Data shows that the gross domestic product (GDP) reached 12.61 billion yuan last year, an increase of 5.2% over 2022 at constant prices, 2.2 percentage points faster. In terms of quarter on quarter, the GDP in the first quarter increased by 4.5% year on year, the GDP in the second quarter increased by 6.3% year on year, the GDP in the third quarter increased by 4.9% year on year, and the GDP in the fourth quarter increased by 5.2% year on year. The overall situation was low, medium high, and stable, and the positive trend was further consolidated.

With the release of the data from the National Bureau of Statistics, major operating data such as retail, investment and production capacity of the textile and clothing industry have been released. According to the reporter, in terms of commodity retail, China's total retail sales of consumer goods in 2023 will be 47.1 trillion yuan, an increase of 7.2% over 2022. Among them, the retail sales of clothing, shoes and hats, and knitwear and textiles are significantly better than the overall level of retail sales of consumer goods. Since the second quarter of 2023, the retail sales of clothing, shoes and hats, and knitwear and textiles have maintained a double-digit growth trend. The annual retail sales of clothing, shoes and hats, and knitwear and textiles reached 1.4 trillion yuan, up 12.9% year on year. In December 2023, the retail sales of clothing, shoes and hats, needles and textiles will reach 157.6 billion yuan, up 26% year on year.

From the perspective of online retail, the national online retail sales in 2023 will be 15.4 trillion yuan, an increase of 11.0% over 2022. Among them, the online retail sales of physical goods reached 13017.4 billion yuan, up 8.4% year on year, accounting for 27.6% of the total retail sales of consumer goods. The online retail sales of food, clothing and consumer goods increased by 11.2%, 10.8% and 7.1% respectively. From the perspective of residents' consumption expenditure, the per capita consumption expenditure of residents nationwide in 2023 will be 27000 yuan, a nominal increase of 9.2% over 2022, and an actual increase of 9.0% after deducting the impact of price factors. By consumption category, the national per capita clothing consumption expenditure will be 1479 yuan in 2023, an increase of 8.4%, accounting for 5.5% of the per capita consumption expenditure.

In terms of industrial production, in 2023, the added value of industries above designated size will increase by 4.6% over 2022. In December 2023, the added value of industries above designated size actually increased 6.8% year on year, and 31 of the 41 major industries maintained year-on-year growth. Among them, the added value of the textile industry increased by 1.7% in December 2023, and the added value of the textile industry decreased slightly by 0.6% year on year. Among the main products, the fabric production in December 2023 was 2.8 billion meters, a year-on-year decrease of 3.5%, and the fabric production in the whole year was 29.5 billion meters, a year-on-year decrease of 4.8%.

From the perspective of capacity utilization rate, in the fourth quarter of 2023, the utilization rate of industrial capacity above designated size nationwide will be 75.9%, 0.2 percentage points higher than that in the same period of 2022. In 2023, the utilization rate of national industrial capacity will be 75.1%, 0.5 percentage points lower than that in 2022. In terms of industries, the capacity utilization rate of the textile industry in the fourth quarter of 2023 is 76.2%, the same as that in the same period of 2022. The capacity utilization rate of the textile industry in the whole year of 2023 is 76.4%, 0.8 percentage points lower than that in the same period of 2022.

In terms of fixed asset investment, the national fixed asset investment (excluding farmers) in 2023 will be 50.3 trillion yuan, an increase of 3.0% over 2022. In terms of industries, the investment in manufacturing industry will increase by 6.5% year on year in 2023, 0.2 percentage points faster. Among them, the investment in textile industry in 2023 will decline by 0.4% year on year.

Previously, the export data released by the General Administration of Customs showed that in 2023, China's textile and clothing exports totaled 2066.03 billion yuan, down 2.9% year on year, including 945.41 billion yuan of textile yarns, fabrics and their products, down 3.1% year on year; The export of clothing and clothing accessories was 1120.62 billion yuan, down 2.8% year on year.