Exports to the US have picked up significantly, and emerging markets are generally stable

In the first 11 months of this year, China's home textile exports stabilized and rebounded, with a cumulative export of 30.09 billion US dollars, only a slight decrease of 0.2% year-on-year, and an increase of 17.3% over the same period in 2019 before the epidemic. In this year's overall textile and apparel exports weakened in the big situation, home textiles in all textile and apparel categories of commodities export performance is the most stable, since August, there are three months to achieve a single month of positive export growth, it is not easy. 

China's exports to traditional markets such as the US and Europe have gradually recovered, while exports to emerging markets have remained stable and the momentum of recovery has been further established.

The top five markets for China's home textile exports are the United States, ASEAN, the European Union, Japan and Australia. From January to November, China's exports to the United States were 9.51 billion US dollars, flat year-on-year and 1.5 percentage points narrower than the previous month. Since August, China's exports to the United States have achieved positive growth for four consecutive months, and the growth rate has reached more than 15%. 

Exports to ASEAN were US $3.52 billion, down 0.7%, down from growth to decline, down 2.2 percentage points from the previous month; Exports to the European Union were US $3.64 billion, down 4.6%, down 0.4 percentage points from the previous month; Exports to Japan were US $2.4 billion, down 12.6%, down 0.2 percentage points from the previous month; Exports to Australia were $1.06 billion, down 7.6% or 0.7 percentage points.

From this point of view, China's exports to the United States have picked up significantly, and emerging markets are generally stable.