On May 9, the Customs Administration released import and export data for April 2024, which showed that in the first four months of 2024, China's total import and export value of goods trade was 13.81 trillion yuan, an increase of 5.7%. Of this total, the export was 7.81 trillion yuan, up by 4.9%; Imports reached 6 trillion yuan, up 6.8%;

In April 2024, imports and exports reached 3.64 trillion yuan, an increase of 8%. Of this total, the export was 2.08 trillion yuan, up by 5.1%; Imports reached 1.56 trillion yuan, an increase of 12.2%.

Since the first quarter of this year, China's textile industry has fully implemented the decision-making and deployment of the Party Central Committee and The State Council, adhered to the principle of seeking progress in stability, promoting stability with progress, standing first and breaking later, continued to deepen transformation and upgrading, and accelerated the construction of a modern industrial system.

Since the Spring Festival, textile enterprises have resumed work and production in an orderly manner, and under the guidance of domestic and foreign market demand gradually recovered and the national policy to change the mode, adjust the structure, improve quality and increase efficiency, both ends of the industry supply and demand have stabilized and improved, the efficiency level has been gradually repaired, the development confidence has been consolidated, and the stability, coordination and internal momentum of economic operation have been enhanced.

In the first quarter, the main operating indicators such as production, export and efficiency of the textile industry achieved growth, and the economy began to run well. Looking forward to the whole year, the development situation facing the textile industry is still complex, accelerate the consolidation of the foundation for stability and continue to promote high-quality development is still facing many tests.

The industry boom level maintained expansion, and production recovered steadily

Since the Spring Festival, the textile industry chain and supply chain have resumed operation in an orderly manner, and the domestic and foreign market consumption and circulation environment have tended to improve, driving the overall prosperity of the industry to maintain an expansion trend. According to the Industrial economic Research Institute of China Textile Industry Federation, the comprehensive prosperity index of the textile industry in the first quarter was 53.5%, which was located in the expansion range of more than 50% for five consecutive quarters.

The production situation of the textile industry is stable and rising. Data from the National Bureau of Statistics show that the capacity utilization rate of China's textile industry and chemical fiber industry in the first quarter was 78% and 85.6%, respectively, an increase of 2.5 and 3.5 percentage points over the same period last year, higher than the national industrial capacity utilization level in the same period. In the first quarter, the industrial added value of enterprises above designated size in the textile industry increased by 4.9%, which was 8.6 and 6.1 percentage points higher than the same period of last year and the whole year of 2023, respectively. The industrial added value of the main links of the whole textile industry chain has achieved positive growth, among which the industrial added value of chemical fiber, wool textile and filament weaving industries has achieved double-digit rapid growth.

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