China's Textile Exports to ASEAN Increase in the First Half

China's Textile Exports to ASEAN Increase in the First Half In the first half of the year, China's textile and apparel exports to ASEAN reached US$16.2 billion, an increase of 43.14% year-on-year, accounting for 12.71%. Among them, textile exports reached 9.6 billion U.S. dollars, an increase of 25.79 percent year-on-year; apparel exports were 6.6 billion U.S. dollars, an increase of 79.51 percent year-on-year.

I exported 12.1 billion U.S. dollars to Japan, accounting for 9.56%. My share of ASEAN exports is 3.15 percentage points higher than Japan's. For the first time, ASEAN surpassed Japan to become the third largest market for textile and apparel exports. The good economic development of ASEAN, the weakening of Japan’s economy, and the sharp depreciation of the yen against *** were the main reasons for the two export markets’ stagnation and decline.

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