In March, Foreign Trade Has Been Improving For The Short Term, And Clothing Export Has Been Greatly Reduced By The Cancellation Of Orders.

The General Administration of Customs of China released the national cargo trade data for the first quarter of 2020 in April 14th. Affected by the outbreak of the new crown pneumonia, foreign trade declined in the first quarter. However, due to the timely and effective control of the domestic epidemic in March, the manufacturing industry resumed production and resumed production rapidly, and the volume of foreign trade increased significantly compared with February. In terms of RMB, imports and exports fell by only 0.8% in March, of which exports declined by 3.5% and imports increased by 2.4%. In the first quarter, the total import and export volume of the whole country decreased by 6.4%, of which exports dropped by 11.4% and imports dropped by 0.7%.

The export of textile and clothing is still lower than that of the whole trade in terms of export volume, of which clothing has been more seriously affected by the cancellation or postponement of orders in Europe and the United States.

In Renminbi:

In the first quarter of 2020, textile and apparel exports totaled 316 billion 260 million yuan, down 15.9%, of which 158 billion 530 million yuan for textile exports, 12.7% for clothing, 157 billion 730 million yuan for clothing exports, and 18.9% for exports.

In March, the export of textiles and clothing was 107 billion 780 million yuan, down 12.2%, of which 62 billion 310 million yuan for textile exports, 3.1% for clothing, 45 billion 470 million yuan for clothing exports, and 22.2% for exports.

In US dollars:

In the first quarter of 2020, textile and apparel exports totaled 45 billion 260 million US dollars, down 17.7% (13.3% of the total export volume of goods trade in China), of which textile exports were US $22 billion 690 million, down 14.6%, and clothing exports 22 billion 570 million US dollars, down 20.6%.

In March, exports of textiles and garments were US $15 billion 430 million, a decrease of 15.1%, of which 8 billion 920 million US dollars in textile exports decreased by 6.3%, and clothing exports 6 billion 510 million US dollars, down 24.8%.