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China's textile machinery export-import soars

Mar '12
China's overseas textile machinery trade grew to US$ 7.6 billion during 2011, showing a year-on-year rise of 25.6 percent, according to data released by China Customs.

This comprised imports worth US$ 5.36 billion, which grew by 24.7 percent year-on-year, and exports worth US$ 2.25 billion, a 27.8 percent rise over 2010.

Knitting machinery headed the export list with a 27.31 percent share in overall textile machinery exports, and touched US$ 613 million, a rise of 27.81 percent over 2010.

Next in the line were auxiliary equipments and spare parts with exports worth US$ 564 million, printing, dyeing and post-treatment machinery at US$ 340 million, spinning machinery at US$ 266 million, chemical fibre machinery at US$ 204 million, weaving machinery at US$ 163 million, non-woven machinery at US$ 75 million, and weaving preparation machinery at US$ 21 million.

During the year, China exported textile machinery to 170 nations and regions and had Japan, Indonesia, Pakistan, India and Bangladesh as its top export destinations.

Registering a year-on-year rise of 47.55 percent, India imported textile machinery worth US$ 523 million from China during the year, thus accounting for a 23.31 percent of overall Chinese textile machinery exports.

Germany, Switzerland, Taiwan, Italy and Japan topped the list of 61 countries that exported textile machinery to China during 2011.

Japan stood first with a 32.37 percent share, and exported textile machinery worth US$ 1.74 billion to China, a rise of 23.39 percent over 2010.

As per the statistics, with a 21.31 percent share, knitting machinery also topped China's textile machinery import list for 2011 at US$ 1.14 billion, a 12.16 percent rise over 2010.

Fibre2fashion News Desk - China

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