In the first three quarters of this year, China's textile and apparel exports reached US $248.35 billion, up 9.1% (up 10.4% in RMB), according to the General Administration of Customs. Among them, textile exports reached US $114.33 billion, up 8.7% year-on-year (up 9.7% in RMB); Garment exports were USD 134.02 billion, up 9.4% (+ 11.1% in RMB).
Since the second half of this year, affected by the conflict between Russia and Ukraine, high inflation in many countries and the adjustment of monetary and fiscal policies in various countries, the purchasing power and consumption structure of major overseas markets have changed significantly, and our industry is facing great pressure to maintain export growth. The export volume of our textile industry to the major international markets has maintained a steady growth this year. According to China's customs data, in the first eight months, China's textile and clothing exports to the United States amounted to $38.58 billion, up 7.8% year on year; Exports to ASEAN reached US $36.94 billion, up 23.3 percent year on year. Among ASEAN member countries, China exported US $12.06 billion of textiles and clothing to Vietnam, accounting for 32.7%, with a year-on-year growth of 4.0%; Over the same period, our exports to Malaysia, Thailand and Myanmar all increased by more than 40 per cent. From January to August, China exported US $34.04 billion of textiles and clothing to the EU, up 13.2% year on year. Exports to Italy and Spain grew by about 25%. In addition, exports of textiles and clothing to Japan reached US $12.96 billion, up 1.3% year on year. Since the entry into force of the Regional Comprehensive Economic Partnership (RCEP) this year, member states have worked actively to promote the steady growth of intra-regional trade. From January to August, China exported textiles and clothing to RCEP member countries to US $62.15 billion, up 15.7 percent year-on-year. Meanwhile, in the first eight months of this year, our industry exported $83.53 billion to countries along the Belt and Road, up 18.3 percent year on year.