Against the backdrop of a complex and volatile global trade landscape, every fluctuation in China's textile and garment export market affects the industry's nerves. Recently, the latest industry trends disclosed by the China National Textile and Apparel Council have resonated with the export data released by the General Administration of Customs, sending out a strong signal of recovery. Driven by the improvement of the foreign trade environment and the boost of market expectations, the decline in China's textile and apparel exports narrowed significantly in November. Among them, textile exports resumed growth against the trend despite a relatively high base in the same period last year. Inject a strong impetus into the stable operation of the export market throughout the year.
The decline in exports has narrowed significantly, and the cumulative performance has remained stable with resilience
According to statistics from the General Administration of Customs, China's total textile and garment exports reached 23.87 billion US dollars in November, a year-on-year decrease of 5.1%, measured in US dollars. Although it is still in the year-on-year decline range, the decline has narrowed by 7 percentage points compared with October, reaching a relatively high level of monthly decline narrowing within the year, which directly demonstrates the resilience of the export market's recovery. From the perspective of cumulative data, China's textile and garment exports reached 267.79 billion US dollars from January to November, a slight decrease of only 1.9% year-on-year. Against the backdrop of a sluggish global economic recovery and continuous pressure on external demand, such an overall performance highlights the industry's risk-resistance capacity. If denominated in RMB, the cumulative export from January to November was 1,918.59 billion yuan, a year-on-year decrease of 1.2%, which complements and confirms the data denominated in US dollars.
Textiles have seen growth against the trend, with industrial textiles becoming the core engine
As an important growth point for textile exports, industrial textiles performed outstandingly as a whole in 2024. According to the data from the China Industrial Textiles Association, from January to November, the export value of China's industrial textiles industry reached 37.43 billion US dollars, increasing by 5.9% year-on-year. Among them, the export value of nonwoven fabrics was 3.66 billion US dollars, growing by 5.5% year-on-year. The export growth rates of sub-categories such as wiping cloths and wet wipes all exceeded 20%. Behind this growth trend lies not only the recovery of global demand for high value-added industrial textiles in industries such as healthcare, new energy, and automobiles, but also the continuous enhancement of domestic enterprises' R&D investment and technological upgrading in fields such as nonwovens and geosynthetics, which has led to a sustained increase in the international competitiveness of their products.
Compared with textiles, although the export of clothing is still in a downward range, the trend of narrowing decline is equally obvious. In November, China's clothing exports reached 11.59 billion US dollars, a year-on-year decrease of 10.9%, with the decline narrowing by 5 percentage points compared to October. While exports are picking up, the efforts of enterprises to proactively adjust their market structure have achieved remarkable results: in the face of fluctuations in traditional markets, enterprises have intensified their efforts to explore emerging markets such as ASEAN and Latin America. In the first 11 months, China's trade in goods with ASEAN increased by 8.5% year-on-year, and the textile and garment industry, as an advantageous category, also benefited simultaneously. Take Shaoguan Beifang Intelligent Manufacturing as an example. The value of its denim fabric exports to ASEAN in the first 10 months of this year increased by 50.8% year-on-year, confirming the supporting role of emerging markets. In addition, enterprises have intensified the research and development of functional and environmentally friendly clothing, enhancing the added value of their products and effectively offsetting the price competition pressure of traditional products.
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In November, the decline in China's textile and garment exports narrowed significantly
