Textile and apparel exports achieved slight growth in the first half

With the further recovery of external demand, textile and apparel exports increased in US dollars in the first half of the year, with cumulative exports reaching US$127.52 billion, an increase of 3.2%, of which textile exports were US$58.33 billion, an increase of 10.3%, and clothing exports were US$69.19 billion, a decrease of 2. %. Among them, textile and clothing exports in June were US$25.47 billion, an increase of 4.6%, of which textile exports were US$10.68 billion, an increase of 10.6%, and clothing exports were US$14.79 billion, an increase of 0.7%. It can be seen that the main driver of growth in overall exports of textiles and clothing is textiles. In early July, the United States announced that it planned to impose a 10% tariff on most of my country’s textiles. Once this measure is implemented, it will have a serious adverse impact on my country’s overall exports of textiles and clothing. .

Due to the significant appreciation of the RMB exchange rate against the US dollar compared with the same period last year, textile and apparel exports in the first half of the year showed a decline in RMB terms. The cumulative export volume was 817.12 billion yuan, a decrease of 4%, of which textile exports were 373.59 billion yuan, an increase of 2.6%. %, clothing exports were 443.53 billion yuan, down 8.8%. In June, textile and clothing exports were 161.99 billion yuan, down 3.1%, of which textile exports were 67.91 billion yuan, up 2.4%, and clothing exports were 94.08 billion yuan, down 6.7%. (Title: Textile and apparel exports achieved slight growth in the first half of the year)

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