04 March 2022, Mumbai:
The sewing machine sector in China generated US $ 3.15 billion in export sales in 2021, according to the General Administration of Customs of China (GACC). China's sewing machine exports were valued at US $ 2.36 billion in 2020, representing a 33.47 percent annual growth rate in 2021.
China sold 4.77 million sets of industrial sewing machines in 2021, up 22.10 percent year on year and bringing in US $ 1.54 billion in export income, up 48.07 percent from the previous year.
Embroidery machine has achieved an export volume of 31.20 thousand sets (priced at a minimum of US $ 2,000 each set) worth US $ 350 million, representing a 60.41 percent and 81.43 percent increase in volume and value, respectively.
China's sewing machines exports to Asia, Africa, Europe, North and South America have expanded at a two-digit rate across continents. Exports to Asian nations, in particular, have surpassed $ 2 billion, up 39.33 percent from 2020.
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Exports to Europe increased by 22.16 percent to US $ 360 million, while exports to South America increased by 41.54 percent to US $ 300 million. China's sewing machines exports to North America were US $ 200 million in 2021, an increase of 10.38 percent year over year.
In the region, China shipped sewing machines worth $ 2 billion to nations along the "Belt and Road," up 43.63 percent from the previous year.
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*CREDITS: Apparel Resources.
