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Textile machinery exports in February witness sharpest decline
18
Apr '09
In February 2009, exports from the textile machinery industry registered US $133 million, down 47.78 percent year-on-year, the first sharp year-on-year decline since 2001. In February 2009, exports of knitting machinery completed $51.00 million, down 32.90 percent year-on-year, the largest drop.

Only shipments of weaving machinery managed to remain positive in growing by 7.28 percent. All other auxiliary equipment and spare parts and machinery like printing, dyeing and finishing machinery, spinning, weaving, petrochemical and non-woven machinery indicated substantial decline from the same period last year.

China exported textile machinery products to 117 countries and regions in February 2009. China's exports to India amounted to $25.60 million, down 19.88 percent year-on-year, and accounted for 26.10 percent of total exports, from which, only equipment and spare parts realized a year-on-year increase of 61.46 percent.

In February 2009, exports of textile machinery products from the private sector formed the largest proportion, showing an increase of 7.31 percent year-on-year while exports by foreign funded enterprise fell 2.69 percent year-on-year.

Exports in general trade amounted to $113 million, down 42.23 percent year-on-year, accounting for 85.12 percent of total exports and exports from processing trade with imported materials scored $17.4857 million, down 68.01 percent year-on-year, accounting for 13.19 percent of total exports.

In February 2009, 31 provinces and autonomous regions exported textile machinery. The top ten provinces and cities together accounted for 97.66 percent of total exports in value.
The top five provinces and autonomous regions with fastest growth rate are Yunnan, Jilin, Xinjiang, Chongqing and Hebei.

Fibre2fashion News Desk - China

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