Oct 08, 2023
Export value and quantity
According to China customs data, denominated by US dollar, China textile and apparel export value dropped by 10% year-on-year during Jan-Jul 2023.
After the conversion to the calculation based on metric tons, the export trend of Category 50-63 in textile and apparel chain is shown in the chart below. The export quantity fell by 1% on year in the first 7 months of 2023.
Therefore, it can be seen that besides from the exchange rate, the decline in price is another factor that results in the fall in export value during Jan-Jul 2023.