Briefing on the economic operation of China's garment industry from January to May 2021

In May, driven by the recovery of international market demand and the continued improvement of the domestic market, the economic operation of my country's apparel industry continued a steady recovery, showing steady growth in exports and domestic sales, continued recovery in production investment, and gradual improvement in profitability. However, the current development environment at home and abroad is complex and changeable. In particular, the rising cost of raw materials, labor, freight and other factors has increased the pressure on business operations. In addition, the global economic recovery is divided, the progress of vaccination in various countries is uneven, and the import pressure and local spread of the epidemic have led to domestic The situation of epidemic prevention and control is severe, and the continuous recovery of my country's apparel industry is still facing greater pressure and uncertainties.
  produce:
According to data from the National Bureau of Statistics, from January to May 2021, the industrial added value of enterprises above designated size in the apparel industry increased by 11.7% year-on-year, and the growth rate rebounded by 24.5 percentage points from the same period last year; enterprises above designated size completed 9.075 billion garments, an increase of 20.89 year-on-year. %, the growth rate rebounded 38.8 percentage points from the same period last year.
Domestic sales:
According to data from the National Bureau of Statistics, from January to May 2021, the total retail sales of consumer goods in my country was 1,7431.9 billion yuan, a year-on-year increase of 25.7%, and an average growth rate of 4.3% over the two years. Among them, the retail sales of clothing products of units above designated size totaled 405.8 billion yuan, a year-on-year increase of 43.2%, and an average growth of 3.2% in two years.
According to data from the National Bureau of Statistics, from January to May 2021, the online retail sales of physical goods was 3,937.7 billion yuan, a year-on-year increase of 19.9%, and an average increase of 15.6% over the two years. Among them, the online retail sales of clothing products increased by 28.2% year-on-year, an average increase of 9.3% in two years.
  Exit:
According to China Customs data, from January to May 2021, my country has completed exports of clothing and clothing accessories totaling US$56.612 billion, a year-on-year increase of 48.3% and an average increase of 7.0% in two years.
Investment:
According to data from the National Bureau of Statistics, from January to May of 2021, the actual investment in my country's apparel industry increased by 8.3% year-on-year, and the growth rate rebounded by 47.5 percentage points from the same period last year, which was still lower than the overall level of the textile industry and manufacturing industry by 8.8 and 12.1 percentage points. .
Benefit:
According to data from the National Bureau of Statistics, from January to May 2021, there were 12,451 enterprises above the designated size (annual main business income of 20 million yuan and above) in the apparel industry, realizing operating income of 525.065 billion yuan, a year-on-year increase of 13.29%, and the growth rate was higher than that of the previous year. Over the same period, it rebounded by 30.18 percentage points; total profit was 23.456 billion yuan, a year-on-year increase of 27.87%, and the growth rate rebounded by 57.04 percentage points from the same period last year; operating income margin was 4.47%, an increase of 0.51 percentage points from the same period last year.
Remarks: The two-year average growth rate is based on the first quarter of 2019, and the growth rate is calculated using the geometric average method. (Data source: National Bureau of Statistics, China Customs)