Textile And Garment Exports Fell Nearly 20% In The First Two Months Of This Year.

China Customs General Administration released the trade data for 1-2 months in 2020 in March 7th. Due to the extension of the Spring Festival holiday and the outbreak of the new crown pneumonia, the foreign trade in the first two months has seen a significant decline. In terms of Renminbi, the total import and export volume of the whole country has decreased by 9.6%, of which exports have declined by 15.9% and imports have declined by 2.4%.

From the data point of view, the impact of textile and clothing exports is greater than the overall trade in goods.

In Renminbi:

In the 1-2 month of 2020, textile and garment exports were 208 billion 490 million yuan, down 18.7%, of which 96 billion 230 million yuan for textile exports and 112 billion 260 million yuan for clothing exports, all down 18.7%.

In US dollars:

In the 1-2 months of 2020, textile and garment exports were US $29 billion 830 million, a decrease of 20% (the total export volume of national goods trade decreased by 17.2%), of which textile exports were US $13 billion 770 million, down 19.9%, and clothing exports 16 billion 60 million US dollars, down by 20%.

Note: since 2020, the customs no longer announces the monthly data of 1 and 2 months in two months, and the cumulative data in the first two months of March.