Since this year, the overall external demand has been positive. Although some domestic export provinces and cities due to the epidemic sealing control led to a temporary decline in exports, but after the unsealing of the rapid resumption of production, logistics to resume smooth, reflecting the strong supply chain resilience of China. Among them, clothing exports maintain a steady growth trend. General Administration of Customs statistics show that in the first five months, China's cumulative exports of apparel 62.22 billion U.S. dollars, up 10.2% year-on-year.
In the main garment export products, knitted garment export growth momentum is stable and positive, woven garment exports show a decrease in volume and price increase. "The international market to reduce the pressure to replenish inventories, demand has decreased, resulting in the number of woven garment exports have declined; woven garment products with high added value, coupled with high prices of raw materials compared with the same period last year, export prices rose significantly." China Chamber of Commerce for Import and Export of Textiles Cao Achang, president of the Chamber of Commerce said.
Data show that the first five months, China's knitted garment exports 28.15 billion U.S. dollars, an increase of 21.9% year-on-year, compared with last year's annual growth rate of 42% slowed down. Woven garment exports 21.66 billion U.S. dollars, an increase of 17.4%; export volume of 5.09 billion pieces, down 7.5%; price growth of 26.9% year-on-year. Clothing accessories exports 5.55 billion U.S. dollars, up 21.9%; plastic and rubber clothing exports 2.13 billion U.S. dollars, down 64.2%, including medical gloves exports fell sharply by 80.5%; wool leather clothing exports 220 million U.S. dollars, a decline of 60.5%.
With the relaxation of the epidemic prevention and control in some overseas countries, outdoor and commuter clothing exports grew rapidly. In the first five months, coats, cold-weather clothing exports rose 45.6% year-on-year; dresses, shirts, sweaters, sportswear / swimwear exports grew 30.7%, 32.9%, 26.2% and 23%. Home apparel due to lower purchasing demand, export growth slowed significantly year-on-year, underwear, pajamas and corsets and other export growth rate of about 10%.
At present, in the top four markets of China's apparel exports, China's apparel exports to the United States and the European Union grew steadily, and exports to Japan declined. In the first five months, China's exports of clothing to the United States, the EU and ASEAN amounted to $ 14.93 billion, $ 11.71 billion and $ 5.78 billion, up 12.5%, 17.9% and 26.3% respectively; China's exports of clothing to Japan amounted to $ 5.47 billion, down 7.6% year-on-year.
In addition, in the first five months, China's apparel exports to Latin America increased significantly by 36.1% year-on-year, exports to Africa increased by 3.4% year-on-year, and exports to countries along the "Belt and Road" increased by 15% year-on-year. China's apparel exports to other single countries showed mixed trends. Among them, China's exports of clothing to South Korea and Australia grew 3.3% and 13.8% year-on-year, while exports of clothing to the United Kingdom, Canada and Russia fell by 9.6%, 9.2% and 34.4% respectively.
For the subsequent trend of garment exports, Cao Achang that "in the second half of the year, the overall impact of the epidemic pulled down the world economic growth track, high global inflation, the uncertainty of the crisis in Ukraine and other multiple factors, China's garment exports will still face many risk challenges and increased downward pressure."
Translated with www.DeepL.com/Translator (free version)