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China's textile machinery imports decline drastically
31
Jan '13
Textile machinery imports by China have fallen sharply, while exports have risen marginally during January to November 2012.
 
China imported textile machinery worth US$ 3.794 billion during the first eleven months of last year, showing a decline of 22.41 percent year-on-year, according to the data from the National Bureau of Statistics.
 
Chemical fibre machinery accounted for 21.49 percent of all textile machinery imports by China during the period under review. Synthetic fibre machinery imports were worth US$ 815 million, registering a year-on-year growth of 22.63 percent.
 
Germany, Japan, Italy, Taiwan and Switzerland were the top five textile machinery exporting countries to China during January to November 2012. These five countries together exported US$ 3.296 billion worth of textile machinery, accounting for 86.89 percent of overall Chinese textile machinery imports.
 
China’s textile imports from Germany registered US$ 1.33 billion, down 14.12 percent year-on-year.
 
During the same period, China exported textile machinery worth US$ 2.037 billion, showing a marginal growth of 1.18 percent year-on-year.
 
Knitting machinery exports were valued at US$ 514 million, down 8.37 percent year-on-year, and accounted for 25.23 percent of China’s total textile machinery exports.
 
Chemical fibre machinery exports from China achieved the highest growth of 62.48 percent during the eleven-month period.
 
China also exported machinery related to printing, dyeing and finishing, spinning, non-woven fabric, looms, assistive devices and spare parts.
 
In all, textile machinery from China was imported by 165 countries and regions, with India, Indonesia, Bangladesh, Japan and Pakistan being the top five countries which together purchased 48 percent of all textile machinery exported by China.
 
China’s textile machinery exports to India were valued at US$ 375 million, down 18.76 percent year-on-year, accounting for 18.43 percent of the total exports.
 

Fibre2fashion News Desk - China

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