General Administration of Customs: August textile exports fell significantly less than the overall level of exports
Customs statistics show that in August, China's foreign trade import and export value totaled 191.7 billion US dollars, of which the export value was 103.7 billion US dollars. The export value was stable above 100 billion US dollars for two consecutive months; the import was 88 billion US dollars. After seasonal adjustment, imports, exports, exports and imports increased by 2.3%, 3.4% and 1% respectively.
Among the export commodities, the decline in the export of major labor-intensive products was significantly lower than the overall level of exports during the same period. Customs statistics show that in the first eight months of this year, the year-on-year decline in the export of China's major labor-intensive products was less than the overall decline of 22.2%, of which clothing and clothing accessories exports were 67.46 billion US dollars, down 10.4%; footwear exports were 18.33 billion US dollars, down 5.8%; furniture exports were 15.66 billion US dollars, down 9.4%; plastic products exports were 9.01 billion US dollars, down 8.1%; luggage exports were 8.03 billion US dollars, down 9.4%. In addition, textile yarns and fabrics were US$37.43 billion, down 14.9%; toys were US$4.55 billion, down 12.2%. In the same period, China's exports of mechanical and electrical products reached US$427.85 billion, down 20.6% year-on-year. Among them, the export of electrical and electronic products was US$176.22 billion, down 20.7%; the export of machinery and equipment was US$143.14 billion, down 18.8%.