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Saturday, February 24, 2024

Chinese home textile exports move into positive zone in August

In August 2023, Chinese home textile exports reversed the downward trend witnessed in the previous three months and moved into positive territory. In the month of August, home textile exports amounted to US $3.07 billion, up 2.3 percent over the comparable month of the previous year. In the first eight months of the current year, home textile exports from China stood at $21.46 billion, a drop of 1.5 percent as against the January to August period of 2022.

Between January and August 2023, shipments to the US amounted to $6.55 billion, down 7.6 percent, while those to the EU totaled $1.69 billion, a fall of 8 percent from a year ago period. In the period under review, exports of home textiles to the ASEAN however were in positive zone and stood at $2.66 billion, a year-on-year rise of 9.6 percent.

Exports to Japan decreased higher at 12.2 percent to $1.66 billion and to Australia were $780 million, a decline of 7.1 percent, both falling year on year. Shipments to the countries in the ‘Belt and Road’ initiative amounted to $6.05 billion, up 12 percent and those to the six Middle-Eastern GCC countries were $950 million, almost unchanged from the same period last year.

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