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Encouraging News: The Sector Realized Record Export in 2021

From:Date:2022/02/25 11:27:24

In 2021, as the developed economies in Europe and America overcome the adversities brought by the pandemic, economic and production activities and consumptions have bounced back quickly. Thus, the sewing sector in China is greeted with a great export opportunity.

According to statistics released by the Customs, China has accumulatively exported sewing machineries worth of 3.15bn USD from January to December, 2021, growing 33.12% compared to the previous year, and setting a export record.

Graph 1 China's annual export value of sewing machineries


 (Source: China Customs)

In 2021, China has exported 4.77 million sets of industrial sewing machines, realizing a year-on-year growth of 22.10%, and created an export value of 1.54bn USD, 48.07% higher than the year before, which sets a record as well. Embroidery machine has secured an export volume of 31.20 thousand sets (at least 2,000 USD per set), worth of 0.35bn USD. Its export volume and value has respectively grown 60.41% and 81.43%.

Graph 2 China's annual export value of industrial sewing machine


 (Source: China Customs)

Regarding different continents, China's export of sewing machineries to Asia, Africa, Europe, North and South America has grown at a two-digit rate. Specifically, export to Asian countries has reached 2bn USD, increasing 39.33% compared to the year before; export to European countries, 0.36bn USD, 22.16% higher than the year before; export to South American countries, 0.3bn USD, 41.54% higher than the year before; export to North American countries, 0.2bn USD, growing 10.38% on a year-on-year basis; export to 16.24mn, falling 2.1% on a year-on-year basis.

Regionally, China has exported sewing machineries worth of 2bn USD to countries along the "Belt and Road", growing 43.63% compared to the year before. The export value to those countries has made up 62.53% of that of the whole sector, 4.57% more than the same period last year. China's export to ASEAN countries is worth nearly 0.8bn USD, 38.81% higher than the year before; to countries in South Asia, 0.6bn USD, 71.67% higher than the year before; to West Asia, 0.25bn USD, growing 21.20%; to EU, 0.24bn USD, growing 9.56%; to Middle Asia, 83.06mn USD, increasing 70.57% on a year-on-year basis; to East Asia, 0.18bn USD, dropping 8.25% on a year-on-year basis.

Graph 3 China's export of sewing machineries to different regions in 2021


 (Source: China Customs)

Regarding different countries, the export values to 144 out of 196 export destinations have seen positive growth compared with the year before. The export value to all of the top14 destinations grow on a year-on-year basis. As usual, Vietnam tops the list of China's export markets of sewing machineries, worth of 0.37bn USD, growing 32.52% compared with the year before, and contributing 11.65% to the total export value; China's second and third largest export destinations of sewing machineries are India and US; in 2021, China has exported sewing machineries worth of 0.29bn and 0.18bn USD respectively to India and US, both realizing a two-digit growth rate.

Graph 4 Graph 3 China's export of sewing machineries to different countries in 2021


 (Source: China Customs)

Graph 5 Growth rate of China's sewing machinery export to different countries in 2021


 (Source: China Customs)