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The total profit of the textile industry in 2023 increased by 7.2% year-on-year!

The operation of textile industry from January to December, 2023. According to the data, the total profit of the textile industry in 2023 increased by 7.2% year-on-year. The details are as follows:

The total profit of the textile industry in 2023 increased by 7.2% year-on-year. In 2023, the industrial added value of textile enterprises above designated size decreased by 1.2% year-on-year, and the operating income was 4,700.9 billion yuan, down by 0.8% year-on-year; The total profit was 180.2 billion yuan, up 7.2% year on year. The output of yarn, cloth and clothing of enterprises above designated size decreased by 2.2%, 4.8% and 8.7%, respectively, while the output of chemical fiber increased by 10.3%.

The total retail sales of consumer goods by units above designated size in China reached 17,856.3 billion yuan, an increase of 6.5 percent year-on-year. Among them, the retail sales of clothing, shoes, hats and textile products by units above designated size increased by 12.9 percent year-on-year, and the retail sales of physical goods worn online increased by 10.8 percent year-on-year.

In the whole year of 2023, China's textile and apparel cumulative exports of 293.6 billion US dollars, down 8.1%, of which December exports of 25.3 billion US dollars, an increase of 2.6%, returned to a single month of positive growth.

Guangdong Modern High-tech Fiber Co., Ltd. is a professional manufacturer engaged in the development, production and sales of polypropylene fiber. Guangdong Modern High-tech Fiber Co., Ltd. has advanced production and research and development equipment, perfect process flow, scientific management framework, and a high-quality technical team, which is recognized as a national high-tech enterprise.