China has clocked US $ 118 billion from garment and accessory exports during January to August ’22, as per the latest data by General Administration of Customs China (GACC).
Last year in the same period, the value of exports was US $ 105.74 billion that indicates exports in 2022’s first 8-month period upped by 11.60 per cent.
Particularly in August ’22, the exports of both apparel and accessories valued US $ 18.48 billion as against July ’22 when exports valued US $ 19.64 billion, resulting in a monthly drop of 5.90 per cent.
As far as textile exports in Jan.-Aug. ’22 is concerned, it grew by 10.20 per cent on yearly basis to US $ 102.27 billion.
Collectively, garments and textile exports stood at US $ 220.27 billion in the 8-month period of 2022 which indicates the global market is still vouching for ‘Made in China’ textiles and apparel despite a series of backlash for the Chinese products in the global market.
