Home >> Textile News >> Fiber, textile and clothing industry chain export in Oct

Fiber, textile and clothing industry chain export in Oct

2024-12-05 09:25:15 CCFGroup

According to customs data, China's exports saw remarkable growth in October 2024, with dollar-denominated exports rising 12.7% year-on-year, marking the highest level in 27 months. The trade surplus hit its third-highest level in history, signaling robust external demand despite global economic uncertainties.

Textile and apparel exports

October 2024:

　　Total textile and apparel export value: $25.48 billion, up 11.9% YoY, and 2.8% MoM.

　　Textile exports: $12.39 billion, up 16.1% YoY and 10.1% MoM.

　　Apparel exports: $13.09 billion, up 8.1% YoY, but down 3.2% MoM.

January–October 2024:

　　Cumulative textile and apparel exports: $247.89 billion, up 1.5% YoY.

　　Textiles: $116.69 billion, up 4.1% YoY.

　　Apparel: $131.2 billion, a slight decrease of 0.7% YoY.

Customs data for tariff chapters 50–63 (covering fibers, textiles, and apparel) indicates a notable rise in October export volumes.

Chapter	Product	y-o-y	m-o-m
Chapter50	Silk	-2%	17%
Chapter 51	Wool, fine or coarse animal hair; horsehair yarn and woven fabric	-4%	-12%
Chapter 52	Cotton	30%	16%
Chapter 53	Other vegetable textile fibres; paper yarn and woven fabrics of paper yarn	-2%	44%
Chapter 54	Man-made filaments; strip and the like of man-made textile materials	28%	18%
Chapter 55	Man-made staple fibres	20%	17%
Chapter 56	Wadding, felt and nonwovens; special yarns; twine, cordage, ropes and cables and articles thereof	25%	8%
Chapter 57	Carpets and other textile floor coverings	29%	10%
Chapter 58	Special woven fabrics; tufted textile fabrics; lace; tapestries; trimmings; embroidery	27%	12%
Chapter 59	Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for Industrial use	16%	14%
Chapter 60	Knitted or crocheted fabrics	26%	6%
Chapter 61	Articles of apparel and clothing accessories, knitted or crocheted	24%	-4%
Chapter 62	Articles of apparel and clothing accessories, not knitted or crocheted	21%	0%
Chapter 63	Other made-up textile articles; sets; worn clothing and worn textile articles; rags	28%	7%

Typically, export volumes start tapering off in October. In 2024, exports showed a clear uptick, highlighting resilience and robust demand.

Regarding this issue, customs authorities previously explained that it was mainly influenced by certain sporadic factors in September, such as typhoons, global shipping disruptions, container shortages, and anticipated negotiations over the expiration of labor contracts for dockworkers on the U.S. East Coast. These factors caused fluctuations in the shipment schedule, with some shipments originally planned for September being delayed until October. Similar trends can also be observed in other related subcategories.

From a cumulative perspective, the total export volume under customs tariff chapters 50-63, which cover fibers, textiles, and clothing, achieved a year-on-year growth rate of 10% from January to October, reflecting strong overall export growth this year.

Keywords: