Home / Knowledge / News / Textiles / Textile machinery exports in February witness sharpest decline
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

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search