On August 7, the General Administration of Customs of China announced national goods trade data from January to July 2020. From January to July, the total import and export value of goods trade was 17.2 trillion yuan, down 1.7% from the same period last year (the same below), of which exports were 9.4 trillion yuan, down 0.9%, and imports were 7.7 trillion yuan, down 2.6%. In July, foreign trade import and export reached 2.9 trillion yuan, an increase of 6.5%, of which exports were 1.7 trillion yuan, an increase of 10.4%, and imports were 1.2 trillion yuan, an increase of 1.6%.
Note : There is no single-month data in RMB for January and February.
From April to July, textile and clothing exports achieved growth for four consecutive months. As the global epidemic gradually eases and the demand for anti-epidemic materials declines, the growth rate of textile exports in July slowed down compared with the previous period. The purchase demand for clothing in major markets has rebounded, and clothing exports have improved, with the decline significantly narrowing compared with the previous period.
Textile and clothing exports in RMB: From January to July 2020, the cumulative exports of textiles and clothing were 1.10192 billion yuan, an increase of 9.2%, of which textile exports were 634.32 billion yuan, an increase of 35.8%. Clothing exports were 467.6 billion yuan, down 13.8%.
In July, textile and clothing exports were 221.85 billion yuan, an increase of 17.2%, of which textile exports were 113.26 billion yuan, an increase of 52.8%, and clothing exports were 108.59 billion yuan, a decrease of 5.8%.
Textile and clothing exports in US dollars: From January to July 2020, the cumulative exports of textiles and clothing were US$156.48 billion, an increase of 5.6% (the national export of goods trade decreased by 4.1%), of which textiles Exports were US$90.08 billion, an increase of 31.3%, and clothing exports were US$66.4 billion, a decrease of 16.6%.
In July, textile and clothing exports were US$31.3 billion, an increase of 16.1% (the national export of goods trade increased by 7.2%), of which textile exports were US$15.98 billion, an increase of 49.3%, and clothing exports were US$15.32 billion. billion, down 5.7%. </p
