Against the backdrop of global economic recovery, China's textile and clothing exports have received exciting news.
In 2024, China's textile and clothing exports reached a remarkable 301.1 billion US dollars, an increase of 2.8%
compared to last year. This breakthrough of 300 billion US dollars not only demonstrates the resilience of the Chinese economy,
but also provides new impetus for the sustainable development of foreign trade enterprises.
According to the latest statistics from the General Administration of Customs, the annual growth of textiles and clothing is 5.7%
and 0.3% respectively, posing a challenge to exiting the diversified market pattern. Among them, the export value of textiles
was 141.96 billion US dollars, while the export value of clothing reached 159.14 billion US dollars. The overwhelming factors behind
all of this include the easing of global inflation pressure and the sustained recovery of demand in the European and American markets.
In the fourth quarter of 2024, China's foreign trade exports significantly rebounded, with a year-on-year increase of 11.4% in textile and
clothing exports in December. This round of growth also demonstrates the strong recovery ability of the industry.
In the face of complex external situations, China's textile industry still insists on deepening transformation and upgrading, effectively
resolving the risks and challenges of weak demand and intensified competition as a whole. In each quarter of 2024, the export
value of textiles remained in a positive growth range, with the export growth rate in the fourth quarter expanding by 12 percentage
points compared to the third quarter, demonstrating the ability and flexibility of enterprises to respond to market changes. However,
the growth rate of clothing exports showed a U-shaped fluctuation, with the export growth rate turning negative in the second quarter
and gradually recovering and stabilizing in the fourth quarter. Behind this export trend, there are both changes in the market and the impact
of the company's own strategies and business adjustments.
From the perspective of export markets, the diversity of global markets shows that the export volume of China's textile industry to major
markets has steadily rebounded. In 2024, China's exports to the United States, ASEAN, and the European Union all increased, with the growth
rate of exports to the United States remaining above 5% for five consecutive months, exceeding the global average export growth rate.
This provides new opportunities for Chinese textile enterprises to form a diversified international market pattern. Privately, we can observe
that the export volume of China's textile industry to countries related to the "the Belt and Road" is close to 55%. The market performance
of ASEAN countries such as Cambodia and Thailand, as well as EU countries such as the Netherlands and Spain, has also been impressive,
achieving a year-on-year growth of over 8%.
Facing the uncertainty of 2025, the international trade environment is still full of uncertainty, and geopolitical conflicts and trade protectionism
risks still exist. International institutions generally predict that the global economic growth rate will remain in the range of 2.7% to 3.3% by 2025,
with a relatively stable but challenging growth trend. Especially the trade policy of the United States will bring severe challenges to China's textile industry.