In January-December of 2016, China's textile machinery industry earned prime business revenue of CNY 115.85 billion, up 0.51% year-on-year; total profits CNY 7.83 billion, up 8.73%. In 2016, China's import and export of textile machinery totaled US$ 5.55 billion, down 8.08%.

In January-December, 2016, the total profits of the textile machinery industry amounted to CNY 7.83 billion, up 8.73% year-on-year; the deficit of loss-making enterprises amounted to CNY 605 million, down 25.78%; 13.44% of the major enterprises operated in red. In the same period, the industry's fixed-asset investment totaled CNY 29.92 billion, up 10.74%, accounting for 2.33% of the textile industry's total, 10.43 percentage points higher than in 2015. The total costs and expenses totaled CNY 108.76 billion, up 0.24%.

According to the General Administration of the Customs, in January-December of 2016, China's import and export of textile machinery totaled US$ 5.55 billion, down 8.08% from 2015, in which, the export declined 3.54% to US$ 2.98 billion, the import dropped by 12.84% to US$ 2.57 billion.

China imported US$ 2.57 billion worth of textile machinery from 65 countries and regions, down 12.84% from a year earlier. By product category, the import of auxiliary equipment & spare parts ranked first, amounting to US$ 587 million, up 4.11%, accounting for 22.84% of the total import. Among the seven major categories, only the import of auxiliary equipment & spare parts, nonwoven machinery and knitted machinery presented positive growth by 4.11%, 2.21% and 5.81%, respectively. The imported textile machinery mainly came from Germany, Japan, Italy, Belgium and Taiwan. The import from these five suppliers totaled US$ 2.06 billion, down 16.03% from a year earlier, accounting for 80.15% of the total import in value term.

In January-December of 2016, China exported US$ 2.98 billion worth of textile machinery, down 3.54% from a year earlier. By product category, the export of knitting machinery occupied the first place, amounting to US$ 920 million, up 0.77% year-on-year, accounting for 30.88% of the total export value. It is followed by printing, dyeing & finishing machinery, auxiliary equipment & spare parts, spinning machinery, weaving machinery, chemical fiber machinery and nonwoven machinery. The export of weaving machinery registered the biggest decline of 28.90%. China exported textile machinery to 178 countries and regions around the world. The total five destinations include India, Bangladesh, Vietnam, Pakistan and Indonesia, whose imports accounted for 53.31% of the total export value. The export to India amounted to US$ 609 million, down 2.38% year-on-year, accounting for 20.42% of the total export value.

In 2016, the textile machinery industry maintained a downward trend, with various indicators wavering at low level, both import and export declined in value term. In 2017, the industry is predicted to remain under downward pressure due to uncertainties of external environment.