Chinas apparel export grows 46% in June 20;
indicates global market rebounding
The latest released statistics of General Administration of
Customs of China say the country has seen improved exports
in apparel during June 20 over May 20, while textile
exports have fallen significantly on monthly basis.
According to the compilation done by Apparel
Resources, the apparel and accessories exports of China
valued at US $ 12.87 billion in June 20 as compared to US $
8.90 billion in May 20, which is a huge surge of 44.61 per
Out of this value, apparels contributed US $ 11.15 billion
in June 20, noting 46.15 per cent growth over May 20.
However, cumulatively from Jan.-Jun. 20 period, the exports
of apparels declined by 9.80 per cent to clock US $ 44.52
Textile exports have registered a fall of 21.80 per cent in
June 20 over May 20 and accommodated US $ 16.15 billion as
against US $ 20.65 billion in the previous month.
The fall was majorly contributed by less shipment of textile
products (medical face masks and other PPE) in June 20 than
May 20, while textile yarns and textile fabrics noted
growth on monthly note.
China shipped US $ 11.84 billion worth of textile products
in the 6th month of 2020 which is 29.94 per cent less than
what it had exported in May 20. Despite falling massively
in June 20, China saw a good surge in exports of textile
products in half yearly period (Jan.-Jun. 20) by 202 per
cent and clocked US $ 48.85 billion.
On the other hand, textile yarn exports from China clocked
US $ 600.59 million in June 20, an increase of 15.32 per
cent over May 20.
Textile fabrics too noted a substantial surge of 15.52 per
cent in June over May this year and tapped US $ 3.72
The total textile exports of China during Jan.-Jun. 20
period rose by 58.50 per cent to US $ 74.10 billion and
thats commendable at the crisis time created by COVID-19.