At present, China is already the world’s largest sewing machinery production and marketing base, the overseas market is a very important sales market of our industry, in recent years, the proportion of foreign trade in the industry sales has reached 50-60%. From the perspective of its own development, China’s sewing machinery industry has frequent trade exchanges with RCEP member countries, especially the ASEAN market.
According to the latest industry import and export data in the first quarter of 2022, the total trade volume between China’s sewing machinery industry and RCEP market reached 414 million US dollars, accounting for 38.50% of the industry’s import and export volume, an increase of 2.57 percentage points compared with the end of the previous year. Exports to THE RCEP market were 281 million US dollars, up 27.81% year on year, accounting for 34.62% of industry exports, up 2.99 percentage points compared with the end of last year. The import volume to the RCEP market was 131 million US dollars, down 6.75% year on year, accounting for 50.68% of the industry’s import volume, an increase of 0.7 percentage points compared with the end of last year.
Among them, 234 million US dollars were exported to ASEAN, accounting for 28.81% of industry exports. Imports from Japan amounted to us $121 million, accounting for 46.80% of the industry’s imports.After the formal implementation of RCEP, it has played a positive role in promoting the export trade of the industry.
(To be continued)
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