ReturnAccording to statistics from the General Administration of Customs, China’s textile and apparel exports totaled 46.18 billion dollars in Jan.-Feb.,2021, up by 55% from a year ago (the same below), of which textile exports were 22.13 billion dollars, an increase of 60.8%, and apparel exports were 24.05 billion dollars, an increase of 50%.
The first two months, China’s apparel exports continued to maintain growth momentum since the second half of last year, growing 19.8% compared with a year before, on one hand, that attributed to the resilience of China’s apparel export industry, on the other hand, that reflected the continuing recovery of some external demand markets.
On the term of external demand market, the USA retail market showed a significant recovery, while the EU and Japan markets were till weak.
The USA Market
Benifited from the cash subsidy previously issued by the US government, the US retail market strongly rebounded in January, going up 7.4% year-on-year, the biggest increase in seven months, thus ended the downward trend in the previous three consecutive months.
Compared with last month, all retail categories have achieved varying degrees of growth.
Clothing stores: increased 5% and decreased 11.1% from the previous month and year respectively.
Department stores: increased 23.5% and decreased 3% from the previous month and year respectively.
Home furnishings: still remain growth momentum, going up 11.7%, a big increase compared with last year.
Supermarkets: increased 7.3% year-on-year.
E-commerce retails: is still hot, a big increase of 28.7% from the last year, which will be the main force of sales growth this year.
The EU Market
In January, the EU retail market shrinked, dropping 5.4% month-on-month and 5.1% year-on-year, the market and consumer confidence deteriorating.
Non-food products (except automobile fuel): the retail sales of that dropped greatly by 11.5%.
Clothing retail: continued downward trend.
E-commerce retails: increased greatly by 40% year-on-year, continuing to be far ahead.
Japan Market
Affected by the state of emergency announced by the government to curb the spread of the epidemic, the Japanese retail market fell for the second consecutive month, down 2.4% year-on-year.
Textiles and apparels: the retail sales of that reached 709 billion yen, a year-on-year decrease of 17.8%. The decline continued to expand.
Department Stores and Supermarkets: clothing sales of which dropped 34.2% year-on-year.
Men’s clothing dropped by 37.9% year-on-year.
Women’s and children’s clothing dropped 36.3% year-on-year.
Other clothing fell by 20.9% year-on-year.
Clothing accessories fell by 30.4% year-on-year.
Among them, the year-on-year decline in department stores was larger, and the decline in supermarkets was smaller.
This article is originally from CCCT, translated and edited by esilk.net
