In recent years, China's annual trade volume with ASEAN has maintained between 580 million and 740 million US dollars, with an annual export value of about 560 million to 710 million US dollars and an import value of about 15 million to 22 million US dollars.

 

 

 

From January to February 2019, China's exports of ASEAN sewing machinery products were 107 million US dollars, an increase of 19.15% year-on-year, the import value was 3.14 million US dollars, an increase of 30.13%, and the trade surplus was 104 million US dollars, an increase of 15.66%.

 

 

 

In recent years, China's products exported to ASEAN are mainly industrial sewing machines and their parts and components. Taking 2018 as an example only, China exported 1.13 million industrial sewing machines from ASEAN with an export value of US $ 430 million, accounting for 59.68% of the industry's annual export value; exports of ASEAN parts and components products amounted to US $ 120 million, accounting for the industry's annual export value. The proportion of 17.01%.

 

 

 

Among the ASEAN countries, Vietnam, Indonesia, Myanmar, Cambodia, Malaysia, Thailand and other countries are all important international textile and apparel producing areas. In recent years, they have rapidly undertaken the transfer of the international textile and apparel industry, and the demand for upstream sewing machinery products has continued to remain high. Vietnam is China ’s largest export market for sewing machinery. The main export products are industrial sewing machines and their parts and components. In recent years, some Japanese and Taiwanese sewing machine manufacturers have gradually shifted their low-end production capacity to Vietnam, leading to the import of Vietnamese parts and components. Amount of explosive growth.

 

 

 

Singapore is an important re-export trade market for China's sewing machinery products. In recent years, the influence of the relocation of production capacity of Japanese and Taiwan-funded enterprises and the acceleration of domestic sewing machine companies' going abroad have weakened the re-export influence of the Singapore market.