According to General Administration of Customs, China (GACC), the country has seen 50 per cent Y-o-Y rise in its apparel and accessory exports during Jan.-Feb. ’21.
China exported US $ 24.05 billion worth of garments and accessories in Jan.-Feb. ’21 period as compared to US $ 16.03 billion in the corresponding period of 2020.
The surge has been witnessed despite a lot of factories remaining shut due to Chinese New Year holidays that fell in February.
As far as textile export of China is concerned, it valued US $ 22.13 billion in the first two months of 2021 as compared to US $ 13.76 billion in the first two months of 2020, noting 60.80 per cent yearly increase.
Of total textile exports, fabrics contributed US $ 9.64 billion; yarns valued US $ 1.96 billion and other textile products clocked US $ 10.53 billion.
It’s worth noting here that China concluded 2020 with its textile exports reaching US $ 153.84 billion – growing 29.20 per cent on yearly basis – and garment and accessories exports contracting by 6.40 per cent to US $ 137.38 billion.