According to China Customs Statistics (CCS), the garment exports of China valued at US $ 7.63 billion, growing 13.10 per cent from what it exported in April this year.
This month-on-month surge shows the export of apparels has started picking up as apparel retailers world over are gradually opening the stores and seeing consumers stepping up for shopping.
However, as far as cumulative value of Chinese apparel shipment is concerned, it’s still down by 26.40 per cent on Y-o-Y basis to clock US $ 33.37 billion revenue.
The exports of textile yarns, fibres and other products too increased on M-o-M basis by 41.30 per cent to clock US $ 20.65 billion in May ’20. The cumulative exports, however, increased massively on Y-o-Y basis by 79.20 per cent and values stood at US $ 57.95 billion.
Of all textile products, textile yarns saw a fall of 58 per cent and exports of the same valued at US $ 3.87 billion, while the export of textile fabrics tumbled by 46.50 per cent to clock US $ 17.05 billion in Jan.-May ’20 period.
Probably the massive shipment of textile products such as masks and coveralls led China see staggering surge of 295.90 per cent on Y-o-Y basis and these textile products hit US $ 38.13 billion revenue for the country.
Though China increased on monthly basis in its apparel exports and on yearly basis in textile exports, the upcoming months will only tell when will China be able to stabilise exports of both textile and apparels.