I. Overview of exports Overall decline, "U" trend
According to the data of the General Administration of Customs, the cumulative import and export trade volume of sewing machinery products in China reached 3.336 billion US dollars in 2020, an increase of 0.51% year-on-year; The trade surplus was US$ 1.389 billion, narrowing by US$ 263 million compared with the same period of last year.
2, the export market situation The market structure has been adjusted, and some regions have grown against the trend.
In 2020, from all continents and key markets where Industrial Sewing Machine products are exported, the clothing and shoe-making markets in Asia such as ASEAN and South Asia are affected by the epidemic situation, and the demand for pattern sewing machines is obviously declining. Thanks to the release and transfer of European and American orders to the surrounding industrial chains and the growth of local production demand for epidemic prevention materials, China's sewing machine exports to East Asia, West Asia, Europe, the United States and other local markets have increased significantly.
In 2020, from all continents and key markets where Industrial Sewing machine products are exported, the clothing and shoe-making markets in Asia such as ASEAN and South Asia are affected by the epidemic situation, and the demand for shoe sewing machines is obviously declining. Thanks to the release and transfer of European and American orders to the surrounding industrial chains and the growth of local production demand for epidemic prevention materials, China's Computerized Sewing Machine exports to East Asia, West Asia, Europe, the United States and other local markets have increased significantly.
Asia Africa Europe South America North America Oceania
3. Sub-products Exports of industrial equipment declined, and domestic machines grew against the trend.
From the perspective of sub-product areas, China's sewing machinery exports will still be dominated by industrial sewing machines in 2020, accounting for 44.04% of the total industry exports, down by 5.33 percentage points compared with the same period of last year. The export differentiation of various categories is obvious, the export of industrial equipment has declined as a whole, and the export of home machines has increased against the trend.
In 2021, the global epidemic trend is still uncertain, the evolution of Sino-US disputes is still unclear, and the global economic recovery will remain unstable and unbalanced. However, with the gradual lifting of the global epidemic in the second half of the year, the consumption of overseas developed countries is expected to rebound one after another, the export situation of the industry is expected to continue to improve, and the traditional key markets of sewing equipment such as "the belt and road initiative" will usher in a rebound in demand.
Post time: Apr-26-2022
