Textile Machinery Parts Import in Jiangsu Port Reduce Quickly

According to Nanjing Customs, the import of textile machinery¡¡parts in Jiangsu Port in the first 11 months reached 340 million USD, down 31% on the same period of last year. The peak in this year was in March, while the import was 45.88 million USD. Then it went down to 16.05 million USD in Nov., down 19.1% to October, as the lowest point in the first 11 months.

The maj suppliers were the EU¡¡Japan. In the first 11 months, the import¡¡the EU was 170 million USD, down 31.2% but still accounting f 50.2% of the total import. The import¡¡Japan was 110 million USD, down 40.4%¡¡accounting f 31.4% of the total.

The main reason f this upward trend is the recession of textile industry which leads to the cautious investment, then dem f machinery declines. On the impact of global financial crise, RMB appreciation¡¡production cost augment, the Chinese textile industry is under a difficult time.