In 2010, the import and export volume of machinery products maintained rapid growth

In 2010, the stable and rapid development of the national machinery industry achieved a significant improvement in the overall competitiveness and risk resistance of the entire industry. As the industry developed to a new level, the scale of foreign trade in mechanical products continued to expand. With the increase, the import and export of mechanical products continued to maintain rapid growth.

Increase in the growth rate of imports and exports of machinery industry According to customs statistics, from January to November 2010, the machinery industry realized a total of US$46,305 million in import and export volume, accounting for 17.29% of the national import and export trade, an increase of 37.88% over the same period of last year, higher than the national import and export growth. 1.58 percentage points. Among them, exports reached 233.541 billion U.S. dollars, an increase of 33.37% year-on-year; imports were 229.463 billion U.S. dollars, an increase of 42.78% year-on-year; and the cumulative import and export trade of the machinery industry was a surplus of 4.078 billion U.S. dollars.

In the month of November, the total import and export volume of the machinery industry reached 48.252 billion U.S. dollars, an increase of 38.43% year-on-year, and an increase of 9.42 percentage points from the previous month. Of this total, exports were US$23.813 billion, an increase of 33.14% year-on-year and an increase of 7.23 percentage points from the previous month; imports were US$24.439 billion, an increase of 44.01% year-on-year and an increase of 11.48 percentage points from the previous month. In the same month, the import and export trade experienced a deficit again, and the deficit reached 626 million U.S. dollars.

The performance of the machine tool and food packaging industry was prominent in November. In the 13 industries of the machinery industry, except for the heavy metal industry, the monthly growth rate of imports and exports was negative, while the growth rates of other industries were positive. From the industry perspective, the two industries of machine tools and food packaging machinery performed outstandingly. The total import and export volume of the machine tool industry reached 2.35 billion U.S. dollars, an increase of 109.46% over the same period of last year, of which 1.798 billion U.S. dollars were imported, an increase of 140.77% year-on-year, an increase of 30.02 points over the previous month. The percentage point has become the fastest growing industry in the machinery industry that month. Followed by the food packaging industry, the total import and export volume reached 486 million U.S. dollars, an increase of 86.62% year-on-year, of which imports were 328 million U.S. dollars, up 105.15% year-on-year, and 63.5 percentage points higher than the previous month.

Nearly 30% of the province's imports and exports exceeded 1 billion in January-November. In 31 provinces, municipalities and autonomous regions, 9 provinces and cities with import and export value of mechanical products exceeding 10 billion US dollars reached the following levels: Guangdong Province and Jiangsu Province. , Shanghai, Beijing, Zhejiang, Shandong, Tianjin, Liaoning and Fujian provinces. The total import and export volume of Guangdong Province has exceeded 100 billion yuan, reaching US$110.04 billion, an increase of 36.34% year-on-year, of which imports totaled US$45.524 billion, up 42.59% year-on-year; exports totaled US$64.45 billion, up 32.23% year-on-year. The total import and export volume of Jiangsu Province was USD70.759 billion, an increase of 44.75% year-on-year; the total import and export volume of Shanghai was USD62.719 billion, an increase of 39.05% year-on-year, and the total import and export of the two cities exceeded USD50 billion.

Looking at the accumulative growth rate, imports have doubled year-on-year: Tibet (203.56%), Ningxia (149.45%), Shanxi (127.62%) and Anhui (124.37%). The provinces whose export growth has doubled year-on-year are: Qinghai (102.53%) and Tibet (101.81%).

The EU, Japan, and the United States have over 50 percent of their import and export volumes. From January to November, the EU, Japan, and the United States are still the largest trading partners for the import and export of the machinery industry. The total trade scale of the three countries and regions is US$258.354 billion, accounting for the entire industry. The proportion reached 55.8%. Among them, bilateral trade with the EU totaled 115.141 billion U.S. dollars, an increase of 36.98% year-on-year; total trade with Japan was 86.887 billion U.S. dollars, an increase of 49.39% year-on-year; and U.S. import and export trade totaled US$ 56.326 billion, up 31.51% year-on-year. Looking at the year-on-year growth rate, the fastest growing bilateral trade remains Belarus (212.02%), followed by Argentina (94.16%), Ukraine (82.35%), Brazil (81.95%) and the Russian Federation (80.4%).

From January to November, the three largest countries and regions in the import and export trade of the machinery industry were Hong Kong (US$22.69 billion), the United States (US$17.187 billion) and India (US$9.546 billion). The three countries with the highest deficit in import and export trade were Japan (45.56 billion U.S. dollars), Germany (34.269 billion U.S. dollars), and South Korea (11.367 billion U.S. dollars).

General trade deficit widened the surplus of processing trade increased from January to November, the total import and export volume of general trade of the machinery industry was 267.629 billion U.S. dollars, the trade scale accounted for 57.8% of the industry, an increase of 47.79% year-on-year, and the bilateral trade deficit was 24.096 billion U.S. dollars, compared with the previous month. The deficit increased by US$3.067 billion; the total import and export volume of processing trade was US$14.207 billion, the trade scale accounted for 30.68%, an increase of 27.85% year-on-year, the bilateral trade surplus was US$45.057 billion, and the trade surplus increased by US$4.42 billion from the previous month.

From the import analysis, the cumulative import of general trade achieved US$145.683 billion, an increase of 52.97% year-on-year; the cumulative import of processing trade totaled US$48.508 billion, an increase of 28.3% year-on-year. According to the export analysis, the total amount of general trade exports totaled US$1.21767 billion, an increase of 42.03% year-on-year; the cumulative export of processing trade was US$935.65 billion, a year-on-year increase of 27.61%.

The trade deficit between state-owned and foreign-funded enterprises further expanded from January to November. State-owned, private, and foreign-funded enterprises realized total imports and exports of US$81.457 billion, US$95.811 billion, and US$285.737 billion, respectively, an increase of 13.99%, 44.88%, and 44.16% year-on-year. The trade deficit of state-owned enterprises was US$3.086 billion, and the deficit was increased by US$495 million from the previous month; the trade deficit of foreign-funded enterprises was US$29.041 billion, the deficit was US$3.793 billion more than last month; the surplus of private enterprises was US$36.205 billion. The scale increased by 3.629 billion U.S. dollars from the previous month.

The export price of metal processing machine tools increased steadily. The price of imports increased and fell from February to November 2010. In the machine tool industry, the export prices of metal processing machine tools are stable, but the import volume shows a trend of increasing and decreasing prices. The number of imports of metal processing machines increased from 8,582 in February to 88,101 in November, and the unit price decreased from 1,119,192.69 US dollars in February to 93,887.93 U.S. dollars in November. While the export volume of metal processing machines increased, the unit price fluctuations decreased. The $425.52 for the month fell to $387.61 in November.