Since the third quarter, China's economy as a whole has recovered, the policy of stabilizing foreign trade and stabilizing orders has been effectively implemented, and personnel exchanges between China and foreign countries have become increasingly convenient. Demand in major overseas developed markets has gradually recovered, and China's textile and garment exports have been stabilized together with emerging markets.

According to the latest data released by the General Administration of Customs on December 7, from January to November this year, the national textile and apparel exports were 268.56 billion US dollars, down 8.9% (in renminbi terms, 3.5% year-on-year), the decline narrowed for four consecutive months, and the industry's exports as a whole maintained a stable recovery trend, showing strong development resilience.

Among them, textile exports were US $123.36 billion, down 9.2% year-on-year (down 3.7% year-on-year in RMB terms); Garment exports were $145.2 billion, down 8.6 percent year-on-year (down 3.3 percent in yuan terms).

In November, China's textile and apparel exports to the world were 23.67 billion US dollars, down 1.7% year-on-year (down 0.5% in RMB terms). Among them, textile exports were 11.12 billion US dollars, down 0.5% year-on-year (0.8% year-on-year growth in RMB), down 2.8 percentage points from the previous month; Garment exports were $12.55 billion, down 2.8% year on year (down 1.6% year on year in RMB terms), down 3.2 percentage points from the previous month.

At present, although the external environment is still relatively complex and severe, the positive factors for the development of China's foreign trade are increasing, and the development trend of stability and good development continues to consolidate.

Since the fourth quarter, the stubborn inflation in Europe and the United States has cooled down, forming a relatively stable downward trend, and with the destocking of international brands coming to an end, overseas markets have entered the traditional sales season, and consumer demand has been released.

In the first 10 months of this year, our industry's export of textiles and clothing to the US and European markets has narrowed significantly compared with the first half of this year, of which the monthly export to the US has maintained a positive growth of more than 6% for two consecutive months. In the same period, China's textile and apparel exports to countries jointly building the "Belt and Road" further expanded by 53.8%, of which textile and apparel exports to five Central Asian countries increased by 21.6% year-on-year, exports to Russia increased by 17.4% year-on-year, exports to Saudi Arabia increased by 11.3% year-on-year, and exports to Turkey increased by 5.8% year-on-year.

The diversified international market layout of China's textile and garment industry is gradually forming, and the good trend of exports will also help to further enhance the confidence of the majority of domestic practitioners and make more adequate preparations for meeting the next opportunities and challenges.

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