Textile Exports Continue To Maintain Strong Growth Driven By Epidemic Prevention Materials.

The General Administration of Customs of China released the national cargo trade data in May 2020 in June 7th. In the first 5 months, the total value of imports and exports of goods trade was 11 trillion and 500 billion yuan, 4.9% lower than that of the same period last year, of which 6 trillion and 200 billion yuan was exported, down 4.7%, and imports 5 trillion and 300 billion yuan, a decrease of 5.2%. In May, foreign trade and imports and exports were 2 trillion and 500 billion yuan, down 4.9%, exports 1 trillion and 460 billion yuan, an increase of 1.4%, an increase of 6.8 percentage points from the previous month, an import of 1 trillion yuan, a decrease of 12.7%.

In May, the overall export volume of textiles and clothing increased rapidly, and the gap between textiles and clothing was further widening: textile exports continued to maintain strong growth under the guidance of epidemic prevention materials, and the trend of garment export decline remained unchanged.

Exports of textiles and clothing are calculated in Renminbi.

In the 1-5 months of 2020, textile and apparel exports totaled 674 billion 470 million yuan, an increase of 2.2%, of which 406 billion 660 million yuan of textile exports, an increase of 25.5%, clothing exports 267 billion 810 million yuan, down 20.3%.

In May, textile and garment exports increased by 208 billion 140 million yuan, an increase of 30.1%, of which 145 billion 420 million yuan in textile exports, an increase of 86.1%, and 62 billion 720 million yuan in clothing exports, a decrease of 23.3%.

Exports of textiles and clothing are calculated in US dollars:

In the 1-5 months of 2020, textile and apparel exports totaled 96 billion 160 million US dollars, down 1.2% (the total export volume of national goods trade decreased by 7.7%), of which textile exports were US $57 billion 950 million, an increase of 21.3%, and clothing exports 38 billion 210 million US dollars, down by 22.8%.

In May, exports of textiles and clothing increased by 29 billion 560 million US dollars, an increase of 26.7% (3.3% of total exports of goods in the country), of which 20 billion 650 million US dollars in textile exports, an increase of 79.1%, and clothing exports 8 billion 910 million US dollars, down 24.5%.

　　 Note: there is no single month data in RMB in 1 and February.