As global clothing demand is gaining pace in 2021 after a devastating 2020 due to pandemic, the world’s top manufacturing destination China has benefited from the revival in business sentiments.
According to the latest data of General Administration of Customs, China (GACC), the country upped its worldwide garment and accessory shipment by 40.30 per cent to US $ 71.53 billion in January-June ’21 period as against US $ 51 billion in the corresponding period of 2020.
Of total value, garments contributed US $ 59.28 billion, while accessory shared US $ 12.25 billion.
In June ’21, the shipment got an M-o-M boost of 24.21 per cent and valued US $ 15.15 billion.
It’s worth noting here that June remained the best month for China in terms of garment and accessory export value in 2021, beating the previous best – US $ 12.19 billion – that was recorded in May ’21.
On one hand, garment exports are continuing on upward trajectory, textile exports of China, on the other hand, are seeing a continuous drop.
According to official data, textile export of China plunged 7.40 per cent on Y-o-Y basis to US $ 68.56 billion in H1 ’21, dropping by around US $ 5.50 billion from the value registered in H1 ’20.