Apparel / Textiles & Accessories

The China Chamber of Commerce for Import and Export of Textiles released on the 1st the export situation of China's home textiles in the first four months of 2022: Affected by factors such as weakening external demand, rebound of the epidemic, and order transfer, in a single month in April 2022, the export of China's home textiles fell sharply. The cumulative export from January to April showed a downward trend.

In the first four months of 2022, China's home textile exports reached US$9.8 billion, a slight decrease of 0.17% year-on-year. In the single month of April, exports fell by 12.9%, dragging the cumulative exports to decline. In terms of specific products, in April, except for tableware, which increased by 8.3%, exports of other categories of products all showed a downward trend in a single month. Among them, the export of bedding and curtain products fell sharply by 18.8% and 21.3% respectively, and other categories of products such as blankets and towels fell between 2% and 9%.

According to the analysis of the China Chamber of Commerce for Import and Export of Textiles, multiple factors are superimposed, and the export of China's home textiles in the second quarter is facing greater downward pressure. On the one hand, the domestic epidemic has recurred at many points, and the logistics supply chain has not been running smoothly, which has caused the operating rate of enterprises to decline. On the other hand, the outward movement of orders is gradually emerging. On the whole, the second and third quarters of the previous year coincided with the peak export period. Combined with the current domestic and foreign situation and the order received by enterprises, it is expected that the downward pressure on exports in May and June this year will increase, and the export situation will still be relatively large in the second half of the year. Uncertainty.

At the same time, in the first four months, China's home textile exports to the US and European markets continued to grow, but the growth rate declined month by month. Exports to the United States were US$3.3 billion, an increase of 3.3%, and exports to the EU were US$1.34 billion, an increase of 6.9%.

From January to April, among the top five exporting provinces and cities, Zhejiang, Shandong and Guangdong maintained growth, with an increase of 3.2%, 8.2%, and 10.9%, respectively; exports from Jiangsu and Shanghai declined, with a drop of 6.4% and 17.8% respectively.