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Export Performance in 2024
According to China's customs statistics, the total export value of clothing (including clothing accessories) was $118.38 billion for the first three quarters of 2024. Monthly data showed steady growth early in the year, despite a persistent decline starting in June, with a 5.1% drop in September. However, October saw a turnaround with an export value of $13.09 billion, reflecting an 8.1% year-over-year increase, indicating a positive export trend.
Distribution of Exports
China maintained stable clothing exports to key Western markets such as the United States and the European Union. In the first three quarters, exports to the U.S. reached $26.82 billion, a 4.7% increase, while exports to the EU were $20.88 billion, up by 1%. Emerging markets, such as Latin America, saw quicker export growth, with exports amounting to $7.18 billion, marking a 6.3% increase. Although there was a decline in exports to ASEAN countries, imports from nations like Thailand and Cambodia increased significantly.
Key Growth Sectors
Knit and woven garments experienced rapid growth in the first three quarters of 2024 across both traditional markets like the U.S. and the EU, and emerging markets like Latin America, Southeast Asia, and the Middle East. The export value for these garments reached $54.35 billion, up by 2.5%, with woven garments at $48.51 billion. The export quantity for these two categories increased by over 11%, with specific items like shirts, underwear, and knitted T-shirts witnessing considerable growth.
Opportunities for Wholesale Buyers
For discerning wholesale clothing buyers exploring current trends, knit and woven garments present promising opportunities. Manufacturers and brands within the Guangzhou Liuhua Clothing Wholesale Market often exhibit strong market sensitivity and innovation, allowing them to quickly adapt their product designs and production strategies to meet international market demands and evolving consumer needs.
Exploring the Liuhua Clothing Market
Foreign procurement professionals investigating China's wholesale markets should consider visiting the Guangzhou Liuhua Clothing Wholesale Market. With over 2,000 wholesale suppliers and more than 6 million styles, the market holds a competitive edge in knit and woven clothing, meeting diverse international purchasing needs.
For those unable to visit China in person, the Guangzhou Liuhua Clothing Wholesale Market offers an online B2B platform, LIUHUAMALL. This platform provides global buyers with online inquiries, stock searches, and OEM/ODM custom wholesale services. LIUHUAMALL enables buyers to access their desired clothing items and suppliers from anywhere, anytime.
