According to the statistics of the General Administration of Customs, in the first quarter of this year, the total exports of textiles and clothing nationwide totaled 45.264 billion U.S. dollars, down 17.7% year-on-year (down 15.9% year-on-year in RMB). Among them, the cumulative export of textiles was US $ 22.694 billion, a year-on-year decrease of 14.6% (down 12.7% year-on-year in RMB); the cumulative export of clothing was US $ 22.57 billion, down 20.6% year-on-year (down 18.9% year-on-year in RMB).
From the perspective of product categories, industry exports continue to show a trend of differentiation. According to customs statistics, textiles, including yarn, fabrics, home textiles, industrial products and other manufactured products, experienced a year-on-year decline in exports of 5.3 percentage points from the previous two months, and downstream apparel product exports continued to deepen from the previous two months. 0.6 percentage points.
In March, China's textile and apparel exports amounted to US $ 15.43 billion, down 12.9% year-on-year (down 10.0% year-on-year in RMB). Among them, textile exports were US $ 8.922 billion, down 4.9% year-on-year (down 1.7% year-on-year in RMB); clothing exports in the month were US $ 6.508 billion, down 22.0% year-on-year (down 19.3% year-on-year in RMB).
Looking forward to the second quarter, affected by the spread of the new crown epidemic in the world, China's textile industry is facing severe challenges in “stabilizing foreign trade” and “stabilizing employment”. Sudden cancellation or delay of overseas orders has brought a high degree of uncertainty to the operation of domestic textile enterprises that have resumed production, and highlights various practical problems in market demand, inventory, cash flow and other aspects. It requires the joint efforts of the government, enterprises and industry organizations to take a variety of effective measures in a timely manner to win the "survival battle" in the second quarter and enhance the resilience of the industry's future development.
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