APPAREL SECTOR: COUNTRY PROFILE CHINA
February 24th, 2022
Roughly two decades after China entered the World Trade Organisation (WTO) (in December 2001) and nearly two-and-a-half years into the Covid-19 pandemic, the country’s textile and apparel sectors seem healthier than ever. Customs data show that in 2021, the cumulative export value of China’s textiles and clothing reached USD315.5 billion, a year-on-year increase of 8.4%. Clothing (including clothing and clothing accessories) recorded a year-on-year increase of 24%, offsetting a 5.6%-drop in textile exports. (1)
This comes despite China in 2021 recording a ...
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