The General Administration of Customs of China released national goods trade data for April 2020 on May 7.
In the first four months, the total import and export value of goods trade was 9.07 trillion yuan, a decrease of 4.9% compared with the same period last year (the same below), and the decline was 1.5 percentage points narrower than the first quarter. , of which exports were 4.74 trillion yuan, down 6.4%. In April, foreign trade imports and exports were 2.5 trillion yuan, a slight decrease of 0.7%, and exports were 1.41 trillion yuan, an increase of 8.2%.
There are obvious differences between textile and clothing exports:
Textiles rebounded rapidly, driven by epidemic prevention supplies, and drove overall exports to achieve increase. Clothing exports continued to decline due to reduced external market demand, and the gap between the two further widened. In April, textile exports more than doubled that of clothing.
Textile and clothing exports in RMB:
From January to April 2020, the cumulative exports of textiles and clothing were 466.4 billion yuan, a decrease of 7.4 %, of which textile exports were 261.3 billion yuan, an increase of 5.9%, and clothing exports were 205.1 billion yuan, a decrease of 20.2%.
In April, textile and clothing exports were 150.17 billion yuan, an increase of 14.8%, of which textile exports were 102.79 billion yuan, an increase of 56.2%, and clothing exports were 47.38 billion yuan, a decrease of 27.1%.
Textile and clothing exports in US dollars:
From January to April 2020, the cumulative exports of textile and clothing were US$66.62 billion, a decrease of 10 % (national goods trade exports fell by 9%), of which textile exports were US$37.31 billion, an increase of 2.9%, and clothing exports were US$29.31 billion, a decrease of 22.3%.
In April, textile and clothing exports were US$21.36 billion, an increase of 9.8% (national exports of goods trade increased by 3.5%), of which textile exports were US$14.62 billion, an increase of 49.3%, and clothing exports were US$67.4 billion, a decrease of 30.3%.
Note: There is no single-month data in RMB in January and February. </p
