In the first quarter of 2024, China’s exports of apparels totalled US $33.82 billion, a year-on-year increase of 1.1 percent. “While, garment exports in March 2024 amounted to $10.43 billion, down 17.9 percent from a year ago month,” data from Chinese Customs informed However, when
Under the influence of multiple factors such as trade frictions, rising labour costs and environmental pressures, clothing brands were trying to move their supply chains out of China in order to reduce their dependence on Chinese factories. “But as the macro environment continues to weaken and consumer behaviour is cooling down, global apparel brands and […]