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China’s sewing machine exports up 9.26 per cent

China's exports of sewing machinery were up 9.26 per cent for the first eight months of 2014. Export of various sewing machines registered year-on-year growth, in which the export of industrial purpose automatic sewing machines, common household sewing machines and single-head embroidery machines registered high growth rates.

In the first eight months of this year, China’s export of spare parts for sewing machines was up 9.91 per cent and 18.02 per cent year-on-year. From January to August, China’s export of clothing machinery dropped moderately by 1.20 per cent in quantity terms but rose 16.22 per cent in value terms in which the export of ironing machine and pressing machine dropped significantly in terms of both quantity and value, while the export of stretching machine and cutting machine grew substantially.

In the fourth quarter of 2014, China’s export of sewing machinery will continue to face both opportunities and challenges. From the macro environment point of view, the situation of global trade will keep improving, and the steady growth of the domestic macro economy and the effect of policies will offer strong support to exports of the sewing machinery industry. However, there remain uncertainties in the recovery of global economy and the development of emerging economies will encounter more risks. Therefore, it is predicted that exports will remain steady in the fourth quarter but may be flat or drop slightly compared to the second and third quarters.

 
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