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Imports & exports of textile machinery slither down in Q1
30
Jun '09
According to customs statistics, in the first quarter of 2009, China's import and export of textile machinery amounted to US $1.097 billion, down 56.34 percent year-on-year. Among them, exports registered $231 million, down 41.83 percent and imports touched $866 million, down 61.48 percent.

From export side, exports of knitting machinery realized $93.23 million, down 20.12 percent and accounting for the largest share in exports. Exports from the private sector totaled $108 million, down 10.05 percent. Exports to India amounted to $72.26 million, down 2.11 percent year-on-year.

On import side, imports of knitting machinery reached $143 million, down 43.86 percent and accounting for 33.15 percent of total imports. From a trade perspective, imports of general trade stood at $198 million, down 69.02 percent year-on-year and accounting for 45.78 percent of all textile machinery imports.


Fibre2fashion News Desk - China


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