Operation Of China'S Industrial Textiles Industry In 1~8 Months

In the 1-8 month of 2019, China's industrial textiles industry continued to grow at medium speed, and the industrial added value of Enterprises above designated size increased by 7.3% over the same period last year, higher than that of the textile industry and industry.

Nonwovens are important raw materials for industrial textiles. In 1-8, the production of nonwoven fabrics of Enterprises above Designated Size reached 3 million 356 thousand tons, an increase of 11.85% over the same period last year, and the output of tyre fabrics was 418 thousand tons, down 11.38% from the same period last year.

In terms of economic efficiency, the main business revenue and total profit of Enterprises above designated size increased by 4.61% and 1% compared to the same period last month, with a profit margin of 5.92%, down 0.2 percentage points from the same period last year. 1-8. Although industry profit growth is relatively low, the operation of industrial enterprises is generally good. In the 1-8 month, the gross profit of Enterprises above the industrial scale increased by 8.08%, gross profit margin increased by 0.45 percentage points, the operating profit of the industry increased by 12.66% compared with the same period last year, and the operating profit margin increased by 0.44 percentage points compared with the same period last year. In terms of field, the main business income of nonwovens and ropes increased by 6.38% and 7.71% respectively, and the total profit of canvas and ropes increased by 15.59% and 6.95% respectively. The profit margins of other industrial textiles, including filtration, geotextile and automobile textiles, reached 7.14%, and continued to maintain a high standard.

In the 1-8 month, the export of industrial textiles was US $18 billion 293 million and imports of US $4 billion 413 million. Among the main products, 680 thousand tons of nonwoven fabrics were exported, valued at 2 billion 27 million US dollars, up 8.8% and 5.19% respectively, and the demand for nonwovens in the global market is still strong. Industrial textiles (fifty-ninth comprehensive products of Customs commodities) exported 1 million 551 thousand and 400 tons, valued at 5 billion 301 million US dollars, down 2.22% and 1.03% respectively. In terms of exports to the United States, 1-8 months, China exported fifty-sixth dollars to the United States for the export of nonwovens, special yarns, lines, ropes, cables, cables and their products (Comprehensive customs products fifty-sixth chapters), down 12.07% compared to the same period last year. The export industrial textiles (fifty-ninth products of the customs commodity classification) 308 million US dollars, down 21.45% compared to the same period last year. The above two chapters are in the catalogue of tariffs added by the United States to China, but the export volume to the United States accounts for only 10.87% and 5.81% of the total. Therefore, the impact of Sino US trade friction on the current export is overall controllable.