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Chinese textile and garment exports up 85 per cent

In February 2018, China’s textile and garment exports registered a year-on-year growth of 85.32 per cent and a decrease of 11.96 per cent from the previous month. Exports of yarn, fabrics and related products saw a year-on-year growth of 94.4 per cent and a decline of 10.7 per cent from the previous month. Exports of garments and accessories were up 78.8 per cent year-on-year, seeing a decrease of 12.9 per cent from the previous month.

The textile and clothing industry in China has eight major categories: garments, cotton fabrics, chemical fabrics, wool fabrics, silk fabrics, knitted fabrics, textile machinery and bast fiber. Textile fiber production in China accounts for 54.36 per cent of the world’s share. As much as 64.2 per cent of the world’s chemical fibers, 64.1 per cent of synthetic fibers and 26.2 per cent of cotton are produced in China. Apparel production in 2014 was 10.4 per cent higher from 2013.

But total Chinese exports of textiles and clothing including fibers have declined significantly since 2014. However, the textile and clothing industry is receiving steadily growing investment over the last few years. Even in the period when its export was going down, the country maintained a strong growth in investment.