China's machinery product import and export continue to maintain its growth momentum. According to statistics from the China Federation of Machinery Industry, China's machinery industry achieved a total import and export volume of US$138.074 billion from January to April this year, a year-on-year increase of 29.35%. Among them, exports reached 75.139 billion U.S. dollars, an increase of 34.7% year-on-year; imports were 62.935 billion U.S. dollars, up 23.5% year-on-year; cumulative trade surpluses reached 12.204 billion U.S. dollars.
13 industry exports maintain double-digit growth
From January to April, the export of machinery industry's 13 industries continued to maintain double-digit growth. Among them, the growth in the four industries of agricultural machinery, construction machinery, heavy mining and basic parts exceeded 50% year-on-year, and the growth rate of internal combustion engines, automobiles, food packaging and machine tools was also over 40%.
From the perspective of export value, the electrical and electronic products industry ranked first in the country at 19.201 billion U.S. dollars, followed by the petrochemical industry by 13.722 billion U.S. dollars, the automotive industry by 10.092 billion U.S. dollars, the cultural office equipment industry by 7.21 billion U.S. dollars, and the instrument industry by 5.393 billion U.S. dollars. Instrumentation and machine tools are still two industries with large deficits, which are US$3,433 million and US$2,076 million, respectively, and are still two industries with large deficits.
Maintain growth in import and export of major trading partners
From January to April, the machinery industry maintained growth in imports and exports to major trading partners. Asia is still China’s largest trading partner. Imports and exports amounted to US$ 70.142 billion, an increase of 27.33% year-on-year, accounting for 50.8% of the total import and export value of the machinery industry.
Among them, Japan was US$24.973 billion, a year-on-year increase of 21.57%; Korea was US$8.417 billion, an increase of 25.73% year-on-year; Hong Kong China was US$7.536 billion, an increase of 18.96% year-on-year; China Taiwan was US$7.44 billion, a year-on-year increase of 10.44%. In addition, Germany was US$137.27 billion, an increase of 32.88% year-on-year; the United States was US$17.471 billion, an increase of 13.73% year-on-year.
Imports and exports of major products increased year-on-year
Of the 92 key products in the machinery industry's key statistics, there were 85 types of total export value in the same period of the previous year, and 85 types of cumulative export growth. Among the total value of imported products, there were 67 types of year-on-year growth in the month, and 71 types of cumulative year-on-year growth.
From the point of view of the cumulative amount of export products, the year-on-year growth rate is higher for bearings, steam turbines, steam boilers, combine harvesters, and engine-mounted chassis.
Judging from the cumulative amount of imported products, the year-on-year growth rate was higher for pile drivers and pile drivers, metal smelting equipment, scrapers and bearings.
13 industry exports maintain double-digit growth
From January to April, the export of machinery industry's 13 industries continued to maintain double-digit growth. Among them, the growth in the four industries of agricultural machinery, construction machinery, heavy mining and basic parts exceeded 50% year-on-year, and the growth rate of internal combustion engines, automobiles, food packaging and machine tools was also over 40%.
From the perspective of export value, the electrical and electronic products industry ranked first in the country at 19.201 billion U.S. dollars, followed by the petrochemical industry by 13.722 billion U.S. dollars, the automotive industry by 10.092 billion U.S. dollars, the cultural office equipment industry by 7.21 billion U.S. dollars, and the instrument industry by 5.393 billion U.S. dollars. Instrumentation and machine tools are still two industries with large deficits, which are US$3,433 million and US$2,076 million, respectively, and are still two industries with large deficits.
Maintain growth in import and export of major trading partners
From January to April, the machinery industry maintained growth in imports and exports to major trading partners. Asia is still China’s largest trading partner. Imports and exports amounted to US$ 70.142 billion, an increase of 27.33% year-on-year, accounting for 50.8% of the total import and export value of the machinery industry.
Among them, Japan was US$24.973 billion, a year-on-year increase of 21.57%; Korea was US$8.417 billion, an increase of 25.73% year-on-year; Hong Kong China was US$7.536 billion, an increase of 18.96% year-on-year; China Taiwan was US$7.44 billion, a year-on-year increase of 10.44%. In addition, Germany was US$137.27 billion, an increase of 32.88% year-on-year; the United States was US$17.471 billion, an increase of 13.73% year-on-year.
Imports and exports of major products increased year-on-year
Of the 92 key products in the machinery industry's key statistics, there were 85 types of total export value in the same period of the previous year, and 85 types of cumulative export growth. Among the total value of imported products, there were 67 types of year-on-year growth in the month, and 71 types of cumulative year-on-year growth.
From the point of view of the cumulative amount of export products, the year-on-year growth rate is higher for bearings, steam turbines, steam boilers, combine harvesters, and engine-mounted chassis.
Judging from the cumulative amount of imported products, the year-on-year growth rate was higher for pile drivers and pile drivers, metal smelting equipment, scrapers and bearings.
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