According to China's General Administration of Customs, China's textile and garment exports totaled US$ 124.23 billion in January-June, 2019, down 2.37% over the same period last year, 0.6 percentage points slower than that of in the first quarter, 2019. Thereinto, textile exports reached US$ 58.62 billion, seeing year-on-year rises of 0.66%. While garment exports were US$ 65.61 billion, with a year-on-year decline of 4.93%.

Figure 1: Year-on-year Growth Rate of China's Textile and Garment Exports

(in US dollars)

Based on the monthly export data, China's textile exports reached near US$ 10.31 billion in June, down 3.24% year-on-year. And the garment exports were US$ 14.34 billion, seeing year-on-year decline of 2.73%.

According to China's General Administration of Customs, in June, the exports of yarns, fabric and related products in China reached US$ 10.31 billion, while the exports of garment and accessories were US$ 14.34 billion. From January-June period, the exports of yarns, fabric and related products in China were US$ 58.62 billion, seeing a year-on-year growth of 0.7%. And the exports of garment and accessories reached US$ 65.61 billion, down 4.9% year-on-year.

Since May 10, the United States has officially imposed additional tariffs on US$ 200 billion worth of Chinese products, including textile yarns, fabrics, knitting, industrial finished products and some home textiles. It has brought some pressure on the exports to the United States of China's textile enterprises.

On June 29, China and the United States on Saturday agreed to restart economic and trade consultations on the basis of equality and mutual respect; they also agreed that the U.S. side will not add new tariffs on Chinese exports, and the two countries' economic and trade negotiating teams will discuss specific issues. The garment and most of the home textiles that have the largest proportion of exports to the US will not be affected by the increase of tariffs, which will help stabilize the confidence of US buyers in continually purchasing from China and release positive signals.

Source: CHINA TEXTILE LEADER Express