Brief Report On Economic Operation Of China'S Sewing Machinery In July 2021

In July, the epidemic situation caused by delta mutant virus continued to spread around the world. The epidemic situation in Europe, America and other countries rose again. The epidemic situation in Southeast Asia became more and more serious. The epidemic blockade measures of various countries led to the general contraction of manufacturing industry and the obvious decline of import demand. Affected by the epidemic situation, although the economic operation of China's sewing machinery industry continued to recover growth trend, the growth rate of production and sales slowed down compared with the first half of the year, the benefit and export showed a decline. In addition, the cost of materials, labor, logistics freight and other factors continued to rise, squeezing the profit space of enterprises, and the development of the industry is still facing greater pressure and uncertain factors.

production

According to the data of the National Bureau of statistics, in the first seven months of 2021, the cumulative industrial added value of manufacturing enterprises above Designated Size in China's sewing machinery industry increased by 35.5%, 1.1 percentage points higher than that in the first half of the year, higher than the average of 14.4% of enterprises above the national industrial scale in the same period, and the industrial production still shows a sustained recovery trend. In July, the industrial added value of Enterprises above designated size increased by 41.5%, 9.1 percentage points higher than that of the previous month.

benefit

According to the Statistics Bureau data, from January to July, 239 production enterprises above Designated Size in the industry had accumulated operating income of 21.04 billion yuan, up 54.08% year-on-year; The total profit was 1.206 billion yuan, with a year-on-year increase of 52.62%; The profit margin of operating revenue was 5.73%, with a year-on-year decrease of 0.94%. In July, the operating income of Enterprises above designated size decreased by 9.22% month on month, and the total profit decreased by 12.53% month on month.

exit

According to the data of the General Administration of customs, from January to July, China's total export value of sewing machinery products reached 1.736 billion US dollars, an increase of 52.20% over the same period of last year. Among them, the export volume of industrial sewing machines was 2.7264 million, with an export value of 831 million US dollars, up 55.91% and 58.37% respectively on a year-on-year basis. The value of industrial exports remained high.

In July, China's sewing machinery exports amounted to 238 million US dollars, up 15.27% year-on-year and 12.11% month on month. Among them, the export volume of industrial sewing machines was 386200, with an export value of 106 million US dollars, with a year-on-year increase of 16.75% and 34.95% respectively, and the value of export decreased by 7.01% and 21.65% month on month.

Imported

According to the latest customs data, China's sewing machinery imports amounted to 579 million US dollars from January to July, an increase of 0.75% year-on-year. Among them, 31900 sets of industrial sewing machines were imported, with an import value of US $69.62 million, with a year-on-year increase of 45.49% and 76.33% respectively; The import volume of domestic sewing machines was 59700, with an import value of 5.34 million US dollars, up 18.10% and 25.70% year-on-year; The import volume of equipment before and after sewing was 13176, with a year-on-year increase of 7.05%, and the import value was 446 million US dollars, with a year-on-year decrease of 9.96%.

In July, China's sewing machinery imports amounted to 58.34 million US dollars, down 33.21% year-on-year and 46.30% month on month. Among them, 4621 sets of industrial sewing machines were imported, with an import value of 9.37 million US dollars, with a year-on-year increase of 89.23% and 69.69% respectively, and the import volume decreased by 10.63% month on month.

(source: China Sewing Machinery Association)