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Friday, February 23, 2024

Chinese textile exports drop marginally between Jan & Nov

Between January and November 2023, Chinese China’s home textile exports totaled US $30.09 billion, a marginal drop of 0.2 percent from a year ago.

However, the figures also indicate an increase of 17.3 percent over the same period in 2019 before the pandemic began.

Specifically, exports of bedding products were $12.72 billion, a slight decline of 1.5 percent year over year; blanket exports were $4.08 billion, down 0.3 percent, and carpet exports were $3.66 billion, up 4.6 percent.

While kitchen textile exports stood at $2.67 billion, an increase of 8.4 percent, curtain exports amounted to $2.59 billion, down 1.6 percent, and towel exports were $2.01 billion, a decrease of 7.8 percent.

In the first eleven months of 2023, only towel exports reported a more significant drop, mainly due to a decline in towel exports to ASEAN, the largest market for towel exports, which decreased sharply by 20.3 percent.

In the reporting period, China’s exports to the US stood at $9.51 billion, the same as in a similar period last year, while exports to ASEAN were US$3.52 billion, a decrease of 0.7 percent.

Exports to the EU amounted to $3.64 billion, down 4.6 percent yearly, while those to Japan were $2.4 billion, a fall of 12.6 percent.

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