General Administration of Customs, China has recently released 2019 export data of the sewing machinery products from the country.
China escalated by 1.27 per cent to export US $ 2.49 billion worth of sewing machinery products in 2019, which means the average monthly export valued at US $ 207 million.
The export was dominated by industrial sewing machines in 2019, which accounted for around 49.37 per cent of the total export; however, it marked a Y-o-Y decrease of 4.21 per cent to clock US $ 1.23 billion revenue.
The Asian countries continued to see growth in importing sewing machines from China. Vietnam topped the tally with US $ 373.21 million worth of sewing machines imported from China in 2019, marking 11.48 per cent growth on Y-o-Y basis.
Of overall import by Vietnam, industrial sewing machines accounted for US $ 193.94 million, noting 14.38 per cent growth.
India grew by significant 23.17 per cent to import US $ 297.68 million worth of sewing machinery from China in 2019. The share of industrial sewing machines was US $ 114.58 in overall import value, which declined by 0.85 per cent on the yearly basis.
Affected by Sino-US trade war, China’s sewing machine export to USA continued to decline sharply in 2019. The export of sewing machinery to USA declined by a massive 28.30 per cent and valued at US $ 109.95 million of which industrial sewing machines contributed just US $ 32.38 million, falling 12.75 per cent.
On the other hand, Bangladesh plunged by 1.56 per cent in its sewing machine import from China in 2019, spending US $ 99.27 million on imports. Industrial sewing machines accounted for around US $ 51.57 million, slashing over 4 per cent on yearly note.