Will exports of industrial fiberglass products increase in the first quarter of 2025?
In the first quarter of 2025, the global economy recovered slowly, the growth momentum of major economies showed a trend of differentiation, and the US tariff policy was bringing new uncertainty shocks to the global trade system; the domestic economic performance exceeded market expectations, and the package of stock and incremental policies worked together to show a new and better start. my country's industrial textile industry continued the recovery momentum in 2024, the industry's industrial added value maintained an upward trend, a number of major economic indicators were stable and rising, and exports continued to grow steadily overall. According to the association's survey, in March 2025, my country's industrial textile industry prosperity index rebounded by 2.2 points month-on-month to 54.8, which was in the micro-prosperity range.
In terms of economic benefits, according to the National Bureau of Statistics, from January to March 2025, the operating income and total profit of enterprises above designated size in the industrial textile industry increased by 6.7% and 10.9% year-on-year respectively, and the operating profit margin was 3.3%, an increase of 0.1 percentage point year-on-year.