The “Belt and Road” strategy boosted Zhejiang’s textile machinery exports by .%

Zhejiang Province is one of the major provinces exporting textile machinery and parts (hereinafter referred to as textile machinery) in China. Since the beginning of this year, Zhejiang Province’s textile machinery export growth has further accelerated. According to statistics from Hangzhou Customs, from January to July this year, Zhejiang Province exported 2.84 billion yuan of textile machinery, an increase of 9.8% over the same period last year (the same below), and the growth rate was 5.8 percentage points higher than the average export growth rate of the province.

The proportion of exports of embroidery machines has increased

From January to July this year, the overall export situation of textile machinery in Zhejiang Province improved, and exports in July hit a new high for the year. Except for February, Zhejiang Province’s monthly exports of textile machinery this year have remained at a historical high of more than 380 million yuan. Exports in July were 480 million yuan, a year-on-year decrease of 5.6% and a month-on-month increase of 23.8%. It has a significant role in supporting the exports of countries along the “Belt and Road”. The export market of textile machinery in Zhejiang Province is concentrated in countries along the “Belt and Road”. From January to July, exports to countries along the “Belt and Road” totaled 2.42 billion yuan, an increase of 8.7%, of which India, Bangladesh and Pakistan were the top three exporters. market. The proportion of embroidery machine exports has further increased. Embroidery machines have always been the main type of textile machinery exported by Zhejiang Province, and the proportion of exports has continued to rise in recent years. From January to July, Zhejiang Province exported 1.15 billion yuan of embroidery machines, an increase of 17.6%.

The “Belt and Road” strategy boosts export growth

As Zhejiang enterprises continue to advance their market development in countries along the “Belt and Road”. Textile machinery exports have also achieved rapid growth with the help of the new construction and upgrading of production capacity in countries along the “Belt and Road”. For example, Bangladesh has undertaken industrial transfers and the textile industry has risen rapidly, driving demand for textile machinery. From January to July, Zhejiang Province’s textile machinery exports to Bangladesh increased by 63.4%, exports to Indonesia increased by 32.0%, and exports to Malaysia tripled. In addition, textile machinery technology improvements and performance optimization also drive product exports. It is understood that the unit price of traditional embroidery machines is around US$8,000 per unit, while the most valuable embroidery machines currently cost more than US$50,000 per unit. In recent years, although textile machinery manufacturing enterprises in Zhejiang Province have continued to innovate and progress, and their manufacturing level has been greatly improved, there is still a certain gap between them and the advanced European level in terms of how to improve work efficiency and quality. In addition, some companies lack awareness and measures for brand maintenance, and lack a platform for product display and sales. To this end, Hangzhou Customs recommends that relevant enterprises: Make full use of the opportunities of the national “One Belt, One Road” development strategy to open up the international market; focus on technological and conceptual innovation, and gradually narrow the development gap with foreign industries.

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