China's Textile and Apparel Exports from January to November Amounted to USD 267.8 Billion, Down 1.9% Year-on-Year

According to statistics from the General Administration of Customs of China, from January to November this year, China's cumulative exports of textiles and apparel reached USD 267.8 billion, a year-on-year decrease of 1.9%. Among them, textile exports amounted to USD 130.01 billion, up 0.9% year-on-year, maintaining steady growth; while apparel exports totaled USD 137.79 billion, down 4.4% year-on-year, with the decline widening further.

In terms of RMB, from January to November, China's textile and apparel exports amounted to RMB 1.9 trillion, down 1.2% year-on-year. Specifically, textile exports were RMB 931.33 billion, up 1.7% year-on-year, while apparel exports were RMB 987.26 billion, down 3.7% year-on-year. In November alone, China's textile and apparel exports improved compared to the previous month, reaching USD 23.87 billion, down 5.1% year-on-year. Notably, textile exports amounted to USD 12.28 billion, achieving a 1% year-on-year growth despite a high base, demonstrating resilience; apparel exports were USD 11.59 billion, down 10.9% year-on-year, but the decline narrowed by 5 percentage points compared to the previous month.

Recently, the phased progress in Sino-U.S. economic and trade consultations, coupled with overseas seasonal restocking demand, has provided some support for China's textile industry's foreign trade exports. It is expected that textile and apparel exports for the full year will remain resilient. However, in the medium to long term, structural risks of global inflation persist, and uncertainties such as geopolitical tensions, trade frictions, and non-tariff barriers will continue to disrupt global supply chains. Relevant enterprises must remain vigilant against downside risks.

It is recommended that textile and apparel foreign trade enterprises continue to monitor international developments and changes in key markets while enhancing their supply chains' resilience against risks. While steadily advancing the diversification of international market layouts, they should actively seize opportunities arising from domestic consumption upgrades, accelerate product innovation and channel optimization, improve synergy between domestic and international markets, and build a sustainable development path.