Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News Exports of sewing machine products continue to grow steadily

Exports of sewing machine products continue to grow steadily



Taking on new opportunities in the international market, my country’s sewing machinery industry exports have reached a new high. According to data from the General Administration of Customs, my country’s …

Taking on new opportunities in the international market, my country’s sewing machinery industry exports have reached a new high. According to data from the General Administration of Customs, my country’s total exports of sewing machinery products reached US$1.564 billion in the first eight months, a year-on-year increase of 9.26%. Exports overall showed a stable growth trend compared with the same period last year.

Judging from the monthly export situation, my country’s exports of sewing machinery products fluctuated greatly in the first quarter due to the Spring Festival holiday. Since March, the growth in international market demand has increased the total export value of the industry, and the industry’s monthly exports have continued to maintain a year-on-year growth trend. From April to August, the monthly export volume of my country’s sewing machinery products has remained above US$200 million for five consecutive months. In July, the export volume was as high as US$238 million. The monthly export volume increased by 15.01% year-on-year, setting a new record for the industry’s monthly export volume. new highs. By August, the industry’s export volume had declined slightly, falling to US$217 million, a year-on-year increase of 7.30%.
From the perspective of product classification, in the first eight months of this year, the export volume of various types of sewing machinery products in my country, except for household sewing machines, has increased year-on-year, and the industry’s export situation has fully blossomed. Among them, the export volume of industrial automatic sewing machines, ordinary household sewing machines, single-head cap embroidery machines and other products has increased significantly.
Exports of automatic industrial sewing machines grew strongly. From January to August, my country exported a total of 2.342 million industrial sewing machines, with an export value of US$714 million, a year-on-year increase of 6.70% and 11.18% respectively. Among them, 1.303 million automatic industrial sewing machines were exported, with an export value of US$433 million, a year-on-year increase of 10.89% and 22.02% respectively. The export volume of automatic industrial sewing machines accounted for 55.63% of industrial machines, and the export value accounted for 60.71% of industrial machines. In particular, the export volume of industrial automatic lock sewing machines and industrial automatic interlock sewing machines has reached more than 30% year-on-year. Exports have grown strongly, and the export product structure of industrial sewing machines in the industry has been further optimized.
The export volume of clothing machinery decreased and the value increased, and the proportion of products such as cutting beds increased. From January to August, my country exported a total of 499,000 garment machinery, a year-on-year decrease of 1.20%, and the export value was US$141 million, a year-on-year increase of 16.22%. Among them, the export value of products such as ironing machines and extruders declined significantly year-on-year, while the exports of products such as cloth spreading machines and cutting machines increased significantly, and their proportion of exports also further increased.
Exports of parts and components continue to grow, with monthly export volume reaching the highest level in history. From January to August, my country exported a total of 42,498 tons of sewing machinery parts and components, with an export value of US$239 million, a year-on-year increase of 9.91% and 18.02% respectively. The export of industry parts and components showed continued growth.
Looking forward to the future development of the industry, in the last quarter of 2014, my country’s export of sewing machinery products still has both opportunities and risks. From the perspective of the macro environment, the overall improvement in the global trade situation is still expected to continue; the stabilization of the domestic macro economy and the expansion of policy effects are expected to provide strong support for industry exports. Under the double-sided influence of domestic and foreign free trade zones, regional and cross-regional bilateral and multilateral cooperation are expected to provide broader growth space for the development of my country’s sewing machinery industry. But at the same time, uncertainties about the international economic recovery still exist, and the development risks of emerging economies are further increasing. In the last quarter, industry exports are expected to continue to grow, and the growth rate may be the same or slightly lower than in the second and third quarters. At the same time, increasingly fierce market competition and increasingly slim profit margins have also posed severe challenges to the future development of industry exports.

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Author: clsrich

 
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