According to the latest data released by the China Textile Import and Export Chamber of Commerce on the 7th, affected by factors such as low base and RMB exchange rate fluctuations, the decline of China's textile and garment exports narrowed in August.

According to the China Textile Import and Export Chamber of Commerce, in dollar terms, textile and garment exports fell 10.2% in August, down 8 percentage points from the previous month, of which textile and garment exports fell 11 and 6 percentage points from the previous month, stopping the trend of two consecutive months of decline. From January to August, China's cumulative textile and garment exports fell by 10% year-on-year, of which textile exports fell by 11%, and clothing exports fell by 8.9% compared with there is still a large room for recovery.

China's textile and garment exports in RMB: From January to August 2023, the cumulative textile and garment exports were 1,373.42 billion yuan, down 3.9% from the same period last year (the same below). In August, textile and garment exports were 19.931 billion yuan, down 5.5% year-on-year, up 2.7% month-on-month, of which textile exports were 83.65 billion yuan, down 1.5%, up 4.9% month-on-month, and clothing exports were 115.66 billion yuan, down 8.2%, up 1.3% month-on-month.

China's textile and garment exports in US dollars: From January to August 2023, the cumulative textile and garment exports were 197.21 billion US dollars, down 10%, of which textile exports were 90.32 billion US dollars, down 11.2%, and clothing exports were 106.89 billion US dollars, down 8.9%. In August, textile and garment exports were 27.86 billion US dollars, down 10.2%, up 2.8% month-on-month, of which textile exports were 11.69 billion US dollars, down 6.3%, up 4.8% month-on-month, and clothing exports were 16.17 billion US dollars, down 12.7%, up 1.3% month-on-month.

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