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Home > News > 2020 September Economic running report of Industrial sewing machine

2020 September Economic running report of Industrial sewing machine

2020-11-13

In the second half of this year, with the steady recovery of the domestic economy and the gradual recovery of international market demand, China's sewing machinery industry production gradually stabilized, exports improved significantly. In September, the growth rate of industrial value added of enterprises resumed to positive for the first time in the year, export growth increased significantly month-on-month, the decline in production, sales, efficiency and other key indicators continued to narrow, and the industry continued to maintain a stable recovery.

Production

According to data from the National Bureau of Statistics, China's sewing machinery industry above the scale of production enterprises in September the industrial value added growth rate of 6.0%, the first time in the year to return to positive;

Benefit

According to the data of the Bureau of Statistics: From January to September, the cumulative operating income of 236 production enterprises above the scale of the industry was 18.193 billion yuan, down 12.46% YoY, 4.15 percentage points lower than in August and 4.15 percentage points lower than at the end of the second quarter. 5.3 percentage points; realized a total profit of 872 million yuan, down 13.78 percent YoY; gross margin of 19.07 percent, down 1.33 percent YoY; and operating income margin of 4.79 percent, down 1.5 percent YoY. In the month of September, the operating income of enterprises increased by 38.50% month-on-month.

Export

According to the General Administration of Customs data: January-September, China's cumulative exports of sewing machinery products amounted to US$1.612 billion, down 13.18% YoY, a decrease of 4.59 percentage points from August and 8.72 percentage points from the end of the second quarter. Among them, exports of industrial sewing machines amounted to 2.4795 million units and exports amounted to US$712 million, down 16.92% and 23.07% year-on-year, respectively, a decrease of 5.49 and 3.28 percentage points respectively from August.

In the month of September, China's exports of sewing machinery products amounted to US$250 million, up 24.83 percent year-on-year and 12.73 percent month-on-month. Among them, Industrial Sewing Machine exports amounted to 386.7 million units, with exports amounting to US$99.13 million, an increase of 34.42% and 6.09% YoY, respectively, and an increase of 12.33% and 12.32% YoY, respectively.

Import

According to the latest customs data, China's cumulative imports of sewing machinery products in January-September amounted to US$697 million, up 11.68 percent year-on-year and 6.89 percentage points lower than in August. Among them, imports of industrial sewing machines amounted to 281,000 units and imports amounted to US$51.32 million, a decrease of 22.71% and 37.20%, respectively, year-on-year.

In the month of September, China's imports of sewing machinery products amounted to US$51.85 million, down 31.22% YoY and 26.75% YoY. Among them, imports of industrial sewing machines amounted to 3048 units, with imports amounting to US$5.33 million, down 13.51% and 13.37% year-on-year, respectively, and down 1.87% and 18.23% month-on-month, respectively.


Taken together, the industry has maintained a steady recovery since the third quarter. However, the risk of a second outbreak outside China has increased, the international economic environment is still grim and complex, and the cumulative growth rate of the main indicators of the industry's economic operation is still double-digit negative, still facing great challenges.



Shenzhen Chaocheng Sewing Technology Co., Ltd
Business Type:Manufacturer
Product Range:Leather Production Machinery , Bag Making Machines , Textile Machine Parts
Products/Service:automatic industrial sewing machine , shoe sewing machine , ultrasonic sewing machine , leather sewing machine , mask making machine , automatic mask machine
Certificate:ISO9001 , CCC , CE
Company Address:building NO.7, Baolong 5 Rd, Tongle technology park, Longgang district Shenzhen City, China, Shenzhen, Guangdong, China

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