China is the world's largest producer and exporter of textiles and garments. Textiles and apparel exports have continued to grow steadily. However, due to factors such as raw material restrictions and rising labor costs, China’s textile industry has become less competitive in the international market and domestic sales have remained stable. However, export pressure is still high. Adhering to independent innovation and saving costs is the best way for the textile industry to get out of its predicament.
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Imported textile machinery is an important way to increase the added value of products, reduce the cost of enterprises, and realize the transformation and upgrading of enterprises. Data show that in April 2017, China imported 674 looms, up 2.1% year-on-year in the month, and accumulatively imported 3008 units from January to April, accumulating 2.3% year-on-year.
The following is the statistics of China's imports of looms from January 2016 to April 2017:
time
Loom: Import Quantity: Current Month Value (Taiwan)
Loom: Import Quantity: Accumulated Value (Taiwan)
Loom: import quantity: year-on-year (%)
Loom: Import Quantity: Accumulated YoY (%)
April 2017
674
3008
2.1
2.3
March 2017
929
2334
2.4
-2.1
February 2017
470
1405
-18.5
-4.9
January 2017
935
935
3.9
3.9
December 2016
1424
8145
-5.6
-2.2
November 2016
876
6721
15.6
-1.4
October 2016
451
5845
-50.4
-3.5
September 2016
495
5394
6.9
4.8
August 2016
488
4899
-45.8
4.5
July 2016
638
4411
-5.2
16.5
June 2016
518
3773
-14.2
21.2
May 2016
314
3255
-7.9
29.7
April 2016
557
2941
-7
35.7
March 2016
907
2384
22.7
51.9
February 2016
577
1477
113.7
78
January 2016
900
900
60.7
At present, China's textile industry is at a critical node of transformation and upgrading. The slowdown in the growth rate of China's textile economy and rising costs are in line with the law of economic development and reflect the deepening of China's textile transformation and upgrading. Textile machinery is an important support for China's textile transformation and upgrading.
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The digitalization, intelligentization and environmental protection of the textile industry have driven the textile machinery industry from traditional machinery manufacturing to complex innovations in information, software, electrical, and automation technologies. Only by adhering to technological innovation and technological progress can we keep up with the pace of the times, continue to meet market demands, and consolidate the foundation for the development of the company.
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