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: Asmara Group

Apparel/Garments | On 20th Sep 2018

Fragmented nature of Indian apparel sector major challenge

A major challenge for the Indian apparel sector is its fragmented...

Courtesy: Aditya Birla Retail

Apparel/Garments | On 20th Sep 2018

Indian Aditya Birla Retail to be acquired by Samara-Amazon

India’s Aditya Birla Group has signed a deal to sell Aditya Birla...

India's 2018-19 forward cotton export contract up by 100%

Textiles | On 20th Sep 2018

India's 2018-19 forward cotton export contract up by 100%

Rise in demand from China, lower domestic prices and depreciation of...

Interviews View All

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Angelina Francesca Cheang, MY ANJE

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

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

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

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

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search