Exports of textile machinery and equipment rose sharply

Update:12 Sep 2019
Summary:

According to the National Bureau of Statistics, in 2014 […]

According to the National Bureau of Statistics, in 2014, the textile machinery industry achieved a main business income of 1,41,710 million yuan, a year-on-year increase of 237%; total profit reached 723.6 billion yuan, a year-on-year decrease of 69.2 billion yuan; total import and export volume increased by 442%, of which imports were year-on-year. The decline was 769%, and exports increased by 2464%. Fixed assets investment decreased by 457% year-on-year, of which the number of newly started projects decreased by 1037% year-on-year, and the overall operation of the textile machinery industry showed a slight growth trend.
Last year, the total cost of China's textile machinery industry was 1,073.2 billion yuan, a year-on-year increase of 308%. Among them, the main business cost was 966.6 billion yuan, a year-on-year increase of 320%. The main business cost accounted for 9006% of the total cost; the operating expenses were 325.1 billion yuan, a year-on-year increase of 530%, and the operating expenses accounted for the total cost. 303%; financial expenses were 120.2 billion yuan, a year-on-year increase of 163%, and financial expenses accounted for 112% of the total cost.
In 2014, the total profit of the textile machinery industry was 723.6 billion yuan, a year-on-year decrease of 69.2 billion yuan; the loss of loss-making enterprises was 69 billion yuan, an increase of 4934%; the loss was 1347%, including Tianjin, Hebei, Guangdong, Shanghai. The year-on-year growth rate of losses in Henan and other provinces and cities was higher than the industry average. At the same time, the fixed assets investment of China's textile machinery industry was 270.7 billion yuan, down 457% year-on-year. The fixed assets investment of the textile machinery industry accounted for 261% of the fixed assets investment of the textile industry. In 2014, the number of newly started projects in the textile machinery industry was 337, a year-on-year decrease of 1037%.
According to industry insiders, the development of textile machinery has basically achieved steady progress in the past year, among which the foreign trade situation is improving. The total import and export volume is 704.3 billion US dollars, an increase of 442%. Among them, the export of textile machinery was 314.8 billion US dollars, up 2464% year-on-year; the import was 389.5 billion US dollars, down 769% year-on-year. Last year, China imported textile machinery from 66 countries and regions, with a total import value of 389.5 billion US dollars, a year-on-year decrease of 769%. From the perspective of imported product categories, the import of chemical fiber machinery ranked first, with a total import value of US$96.5 billion, a year-on-year increase of 1743%. Among them, the synthetic fiber filament spinning machine ranks first, with an import value of 59.2 billion US dollars, an increase of 9432%, accounting for 6136% of the total import of chemical fiber machinery; the total import of non-woven machinery imports is up to 4285%. The main importing countries and regions are mainly Germany, Japan, Italy, Taiwan, and Switzerland. The total trade volume of the top five countries and regions is US$329.6 billion, down 682% year-on-year, accounting for 8462% of total imports.
Relevant data show that last year China's knitting machinery exports amounted to 84.8 billion US dollars, an increase of 3013%, accounting for 2693%, ranking first, followed by auxiliary equipment and spare parts, spinning machinery, printing and dyeing finishing machinery, weaving machinery , chemical fiber machinery, non-woven machinery. Except for the negative growth of chemical fiber machinery exports, the rest were positive growth, and the growth rate of textile machinery exports ranked first, up 6224%. The export of rapier looms with fabric width >30 cm ranked first, with an export value of 16.2 billion US dollars, an increase of 4884%. Among them, the number of rapier looms exported to India reached 6,983, an increase of 5,432% year-on-year, accounting for 4,524%. As domestic manufacturing costs continue to rise, ASEAN regions and developing countries have become hot spots for Chinese textile companies.
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