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[Briefing on the economic operation of China's garment industry from January to September 2020]
Release date:[2020/11/10] Is reading[258]次

Since 2020, with the good prevention and control of the domestic epidemic and the restart of international market demand, my country's apparel market demand has improved significantly, the production situation has been stable, the industrial cycle has been continuously improved, corporate benefits have gradually recovered, and the industry has shown a continuous recovery trend. However, the current cumulative growth rate of major economic indicators such as industry production, investment, and efficiency has not yet turned positive. The entire industry is still in a complex environment with rising costs, the second outbreak of the new crown epidemic in Europe and America, and geopolitics. Facing the new situation and new challenges, the industry needs to persist in promoting innovation, transformation and upgrading, and make active efforts in deepening brand building, rapid supply chain integration, and embracing digital transformation, so as to continuously consolidate the industry’s economic recovery and development momentum.



produce: 


According to data from the National Bureau of Statistics, from January to September 2020, enterprises above designated size in the apparel industry completed a total of 15.705 billion garments, a year-on-year decrease of 10.53%, and the rate of decline narrowed by 1.42 percentage points from the previous month.



Domestic sales:


According to data from the National Bureau of Statistics, from January to September 2020, the total retail sales of consumer goods in my country was 2,73324 billion yuan, a year-on-year decrease of 7.2%, and the rate of decline narrowed by 1.4 percentage points from the previous month. Among them, the retail sales of clothing products of units above designated size totaled 567.9 billion yuan, a year-on-year decrease of 14.2%, and the rate of decline narrowed by 2.7 percentage points from the previous month.


According to data from the National Bureau of Statistics, from January to September 2020, the online retail sales of physical goods was 6,647.7 billion yuan, an increase of 15.3% year-on-year; of which, the online retail sales of clothing products was 3.3% year-on-year, 2.2 percentage points higher than the previous month.



Export: 


According to China Customs Express data, from January to September 2020, my country's cumulative exports of clothing and clothing accessories totaled US$97.834 billion, a year-on-year decrease of 10.3%, and the rate of decline narrowed by 2.6 percentage points from the previous month.



Investment:


According to data from the National Bureau of Statistics, from January to September 2020, the actual completed investment in my country's apparel industry fell by 32.7% year-on-year, and the rate of decline narrowed by 1.5 percentage points from the previous month;



Benefit:


According to data from the National Bureau of Statistics, from January to September 2020, there were 13,187 enterprises above the designated size (annual main business income of 20 million yuan and above) in the apparel industry, with a cumulative operating income of 948.149 billion yuan, a year-on-year decrease of 13.46%, a decrease from the previous month Narrowed by 0.90 percentage points; total profit was 41.687 billion yuan, a year-on-year decrease of 22.93%, and the rate of decline narrowed by 2.70 percentage points from the previous month; operating income margin was 4.40%, a decrease of 0.54 percentage points from the same period last year. (Data source: National Bureau of Statistics, China Customs)


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