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According to the latest data from the Canton Fair, the Textile and Garment Museum recorded a total turnover of US$4.56 billion over the first three days of the event. This represents a 2.6% decline compared to the 107th session but marks a significant 7.9% increase from the 106th session.
The performance across different product categories showed mixed results. Sales of textile yarns, fabrics, and raw materials totaled $300 million, reflecting a 13.5% drop from the 107th session, yet still managed to rise by 5.1% compared to the 106th session. These accounted for 13.1% of the overall turnover. Meanwhile, home textiles and apparel accessories generated $890 million, making up 39.3% of the total. This was a 1% increase from the 107th session and a strong 26.4% rise from the 106th session.
On the other hand, clothing and accessories sales reached $1 billion, contributing 47.6% to the total turnover. However, this category saw an 8.5% decrease compared to the 107th session and a 6.4% drop from the 106th session.
While the final figures are still being finalized, it's clear that export companies are facing challenges. Rising costs of domestic raw materials have surged rapidly, putting pressure on profit margins and leaving many businesses in a difficult position. As the fair continues, industry experts are closely watching how these trends will evolve and whether companies can adapt to the changing economic landscape.