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China’s textile and garment exports rise 9.6% in 2020 amid COVID-19

In spite of the COVID-19 pandemic and international economic sluggishness, textile and fashion apparel exports from China increased by 9.6% year-on-year to US$291.22 billion in 2020, data released by the ministry of industry and information technology (GACC) disclosed.

China-textile-garment-exports-rise-2020
Figure: Amid COVID-19, China is the only major economy to see growth in the pandemic-ravaged year.

Category-wise, garment exports declined by 6.4% to $137.38 billion during the year. On the other hand, textile exports jumped 29.2 % year-on-year to $153.84 billion.

In December 2020 alone, textile exports from China increased by 12.6% year-on-year to $12.29 billion. Apparel exports too rose by 2.8% during the month to $13.91 billion. Sustained by the robust export performance, China’s national GDP enlarged 2.30% in 2020 as compared to 2019 last year. Amid COVID-19, China is the only major economy to see growth in the pandemic-ravaged year.

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