China’s major export destinations of sewing machinery

Fri Jul 08 2022 BAY

By countries, in the first four months of 2022, Vietnam and India are still China’s top two export markets of sewing equipment. China's exports to Vietnam are 140mn US dollars, increasing 13.32% on a YoY basis, accounting for 12.82% of the sector’s overall exports; to India 121mn US dollars, an YoY increase of 18.89%, accounting for 11.09% of the overall exports; Bangladesh is China's third largest export market, in the first four months, China has exported to Bangladesh sewing products worth 56.82mn US dollars, a YoY increase of 49.19%, accounting for 5.22% of the overall exports. In addition, in the given period, China's exports to Pakistan, Singapore, Indonesia, Cambodia, UAE, Malaysia and other markets have increased significantly, while that to the United States, Japan, Brazil, and Russia have sank. 

In April, China's exports of sewing machinery to Vietnam amount to 43.46 million US dollars, 5.44% higher than a year earlier and 13.68% higher than a month earlier; export values of sewing machinery to major markets such as India, Pakistan, Bangladesh, Turkey, and UAE have increased compared with the same period a year earlier, and that to UAE, Cambodia, Myanmar, Argentina, Iran and other markets have doubled. Particularly, the high YoY growth rate of export to Myanmar can be attributed to its political turmoils over the same period last year. Affected by Russia-Ukraine conflicts, exports to these two countries and some other European countries have free-fallen in April, in details, exports to Russia 2.24 million US dollars, down 59.29%, and exports to Ukraine have fallen to 13,000 US dollars, down 99.15%; exports to Uzbekistan falling 45.69%; exports to Kazakhstan tanking 91.44%; exports to Germany, Poland, the United Kingdom, and Holland decreasing 33.00%, 27.47%, 46.12%, and 60.77% respectively. 

China’s major export destinations of sewing machinery