How is the export situation of fiberglass products from January to August 2024?
In August 2024, the global manufacturing PMI was below 50% for five consecutive months. The global economy continued to operate weakly. Geopolitical conflicts, high interest rates and insufficient policies constrained the global economic recovery. The domestic economic situation was generally stable, but the supply and demand sides were weak, the growth momentum was slightly insufficient, and the policy effect needed to be further manifested.
From January to August 2024, the industrial added value of my country's industrial textile industry maintained an upward trend, and the industry's production and exports continued to improve.
In terms of production, according to the data of the National Bureau of Statistics, the output of non-woven fabrics and cord fabrics of enterprises above designated size increased by 9.7% and 9.9% year-on-year from January to August, respectively, and the output growth rate fell slightly from the middle of the year.
In terms of economic benefits, according to the data of the National Bureau of Statistics, the operating income and total profit of enterprises above designated size in the industrial textile industry increased by 6.8% and 18.1% year-on-year from January to August, respectively, and the operating profit margin was 3.8%, an increase of 0.4 percentage points year-on-year.
In terms of products, the export value of industrial fiberglass products from January to August was US$1.41 billion, a year-on-year increase of 6.5%.

