China has experienced a marginal negative growth of 0.80% on yearly basis in its apparel import value from January to July of 2022, according to the data of the General Administration of Customs China (GACC).
GACC data also said that China imported apparel worth $5.89 billion in the said period as against $5.93 billion in the same period of 2021.
The decline was witnessed due to lockdowns in China because of which businesses and markets remained shut, particularly in Q1’22, stakeholders said to the media.
Moreover, in the single month of July 2022, the import was valued at $940.74 million.
On the other hand, textile imports of the country sunk significantly from January to July 2022 period by 34.20% to $7.56 billion, GACC data showed.
Imports of textile yarns fell by 54.40% to the US $ 3.62 billion, whereas cotton yarn (US $2.58 billion) and yarns made up of synthetic fibers ($ 711 million) tumbled by 63% and 38%, respectively.