Ministry Of Industry And Information Technology: Operation Of Textile Industry From January To June 2020

From January to June, the industrial added value of Enterprises above Designated Size in China's textile industry decreased by 6.7% year-on-year, 9.8% lower than that in the first quarter. Driven by the surge in demand for epidemic prevention materials, the industrial value-added of textile manufacturing industry showed a rapid growth of 57.8%. In June, the year-on-year growth rate was as high as 80.7%. Compared with the same period of last year, the output of chemical fiber yarn, clothing yarn and chemical yarn decreased by 15.1%, 1.5% and 1.25% respectively.

The sales quota of textiles, shoes and hats decreased by 19.6% to 20.1% compared with that of the whole country. The retail sales of online wear goods decreased by 2.9% year on year. From January to June, China's textile and clothing exports reached US $125.19 billion, a year-on-year increase of 3.2%, with a growth rate of 20.9 percentage points higher than that of the first quarter. The export of textiles and clothing increased by $510.8 billion, compared with the same period of the same period of last year. However, due to the impact of the epidemic situation, the export of textiles and clothing increased by US $510.8 billion, with a significant increase of US $74.8 billion.

The total profit of textile enterprises decreased from 19.26 billion yuan to 19.26 billion yuan on a year-on-year basis. The profit margin was 1.2% higher than that of the quarter.