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Since the beginning of this year, China's textile and garment industry has overcome the impact of global foreign exchange market fluctuations, international shipping difficulties and other factors, and its export performance has been better than expected, the transformation and upgrading of the supply chain has accelerated, and the export to overseas markets has shown new characteristics.
Looking forward to the second half of the year, China's textile and garment exports are still facing uncertain factors such as unstable external demand growth, intensifying geopolitical risks, and increasing trade frictions, and the foreign trade pressure on China's textile industry will not decrease. However, with the landing of a series of national macro-control policies, China's textile industry foreign trade is still expected to continue to recover smoothly, some industry insiders expect that textile and garment exports in the third quarter are expected to maintain growth on the basis of a low base.
In the first half of this year, China's textile and clothing four categories of commodities yarn, fabric, home textiles and needle woven clothing showed a year-on-year increase in the number of exports and a year-on-year decline in export prices.
In the first half of 2024, China's textile and apparel export market showed new characteristics, with exports to the United States, ASEAN and countries jointly built under the Belt and Road Initiative increasing, and exports to the European Union and Japan decreasing.
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