Electromechanical products break through the export

Since the beginning of this year, the growth rate of exports of mechanical and electrical products has continued to exceed the growth rate of foreign trade exports, which has become the main product driving the growth of foreign trade. At the same time, the growth rate of import of mechanical and electrical products is lower than the growth rate of foreign trade imports. The trade surplus of mechanical and electrical products continued to expand and became the main source of the country’s trade surplus.

Electromechanical products are the largest category of products in China's foreign trade. Exports account for nearly 60% of total foreign trade exports and account for 36% of the increase. Imports account for 44% of total foreign trade imports. Since the beginning of this year, the growth rate of exports of mechanical and electrical products has continued to exceed the growth rate of foreign trade exports, which has become the main product driving the growth of foreign trade. At the same time, the growth rate of import of mechanical and electrical products is lower than the growth rate of foreign trade imports. The trade surplus of mechanical and electrical products continued to expand and became the main source of the country’s trade surplus. The import and export of mechanical and electrical products have an important role in the growth of foreign trade throughout the country. At present, China's imports and exports of mechanical and electrical products are facing a grim situation. The growth rate of imports and exports has slowed down significantly, new changes have taken place in the structure, and the trade environment has become increasingly tight. Businesses, especially small, medium and micro enterprises, have continued to struggle.

Low and high levels of import and export in November

Overall situation: Customs data show that from January to November 2012, the total value of the import and export of mechanical and electrical products reached US$177.44 billion, accounting for 50.7% of the total trade volume of goods, which was 6.2% higher than the same period of last year, and the rate of increase was 0.4 percentage points higher than the total commodity trade. . Among them, exports accounted for 1064.54 billion U.S. dollars, accounting for 57.5% of total merchandise exports, an increase of 8.2%, an increase of more than 0.9% of total merchandise exports; imports of 709.9 billion U.S. dollars, accounting for 43.0% of total merchandise imports, an increase of 3.4%, an increase below All goods imported 0.7%. In the month of November, exports grew by 5.7%; imports rose by 6.1%, all lingering in the low post. The surplus of mechanical and electrical products was USD 318.0 billion, an increase of 6.9%.

Since the beginning of this year, the export of major electromechanical products has been growing, but the increase has been limited. Most electronic products maintain low growth. From January to October, exports of automatic data processing equipment and components amounted to US$177.17 billion, an increase of 1.8%, which was the largest category of exports. Benefiting from the growth in demand for the iPad, notebook computers ($90.19 billion) grew by 5.7%. The export value of communications equipment and components was US$122.38 billion, an increase of 12.8%, which was the highest among electronic products. Benefiting from the rapid growth of smart devices, the unit price of mobile phones increased by 12.4%, and the export value increased by 28.3%. Exports of household appliances and components amounted to US$42.96 billion, an increase of 7.6%, similar to the growth rate over the years, including air-conditioning (US$9.79 billion, an increase of 1.4%), refrigerators (US$4.84 billion, an increase of 12.1%), and electric fans (US$2.9 billion). The growth rate of key products, such as the growth of 4.9%, slowed down, with growth rates ranging from 1.4% to 12.1%. The export of consumer electronic products and components was US$31.48 billion, down 3.3%, of which color TVs (US$9.92 billion, down 11.9%), DVD players (US$3.5 billion, down 29.9%), and digital cameras (US$5.24 billion) , a decrease of 4.7%.) Exports decreased slightly.

The export of machinery products has been mixed and the growth has generally slowed. From January to October, exports of automobiles and auto parts reached US$41.5 billion, an increase of 16.7%, of which US$11.36 billion was exported from vehicles (including spare parts), an increase of 29.0%. China's major export markets for automobiles and auto parts are concentrated in the United States, the European Union, ASEAN, the Middle East, Japan, and Russia, which account for 63.6% of the total auto exports. During the same period, mechanical infrastructure parts (US$37.1 billion) increased by 11.8%, and lifting and engineering machinery products (US$28.74 billion) increased by 16.2%. Ships and parts exports totaled US$34.71 billion, a decrease of 5.5%, of which tankers (3.42 billion US dollars) decreased by 43.6%, and motorized cargo and passenger and cargo ships (23.78 billion US dollars) decreased by 2.5%. Due to the previous orders for ship exports, the orders received by ship companies were not ideal in the past. Many small companies have not received orders since this year, and the order volume of large companies has also dropped sharply. Ships are facing greater challenges.

In terms of imports, electronic components are the largest category of mechanical and electrical products imported by China, with an import value of 197.34 billion U.S. dollars, an increase of 8.9%, of which imports from general trade accounted for 15.4%, an increase of 5.6%, and import of processing trade accounted for 56.5%. Decline by 0.07%. Japan is an important import market for electronic components in China, with an import value of US$20.67 billion, accounting for 10.5%, down 2.2%. Automatic data processing equipment (47.80 billion US dollars) increased by 3.7%, of which automatic data processing equipment parts (13.98 billion US dollars) decreased by 1.3%, storage components (21.62 billion US dollars) increased by 15.5%. Consumer electronics products and parts (US$7.88 billion) increased by 40.5%, and communications equipment and parts (USD 31.43 billion) increased by 23.2%. The above four major electronic products accounted for 44.5% of China's total imports of mechanical and electrical products. In addition, automobiles and key parts and components led the import of machinery products with an import volume of US$65.83 billion, an increase of 11.3%, of which cars (USD 17.20 billion) increased by 16.2% and off-road vehicles (USD 17.22 billion) increased by 21.4%. Among other key products, mechanical components ($15.80 billion) fell by 7.3%, electrical equipment ($44.12 billion) fell by 6.6%, and household appliances and components ($3.52 billion) fell by 4.7%.

The growth rate of trade with developing countries is higher than that of developed countries. China's mechanical and electrical products have a total of 231 countries (regions) in the world trade relations, according to the United Nations classification, from January to October China's mechanical and electrical products exports to 44 developed countries (regions) 693.17 billion US dollars, accounting for 72.2%, an increase of 6.1% Imports from 44 developed countries (regions) accounted for 379.10 billion U.S. dollars, accounting for 59.2%, down 1.0% year-on-year. China's import and export growth rates for developed countries (regions) were all below the average growth rate. During the same period, China exported 267.13 billion U.S. dollars to 189 developing countries (regions), accounting for 27.8% of the country's total, and an increase of 12.5% ​​year-on-year; imported 261.42 billion U.S. dollars from 189 developing countries (regions), an increase of 9.8% year-on-year.

In terms of exports, China's electromechanical products increased by 12.0%, -3.6%, and 8.6% in the three key markets in Asia, Europe, and North America during the period from January to October, respectively, which was in line with expectations for Asia and North America. Exports to Europe are still affected by the European debt crisis. Among the major exporting countries (regions) of electromechanical products, Russia (21.2%), Malaysia (25.2%), Thailand (25.6%), and Indonesia (21.4%) have grown by more than 20%; other rapidly growing countries and regions include Hong Kong, China. (12.7%), the United States (8.2%), ASEAN (18.7%), Japan (8.9%), South Korea (17.1%), Australia (8.6%), and Mexico (16.1%); the EU market decreased by 6.3%, of which Germany and France decreased by 9.8% and 12.2% respectively.

The top ten sources of imports of machinery and electronic products in China are the European Union ($114.71 billion), China ($102.94 billion, which belongs to “national re-imports”), Japan ($101.57 billion), South Korea ($89.38 billion), and ASEAN (80.68 billion). The US dollar, China Taiwan (US$77.87 billion), the United States, Switzerland, Costa Rica, and Mexico accounted for a total of 98.1%. Among the major exporting countries and regions, China (15.6%, belonging to "national re-import") and the United States (8.1%) have seen rapid growth. Japan's market imports fell by 7.7%. In addition, the EU, South Korea, and ASEAN markets increased by 0.3%, 3.9%, and 3.1%, respectively, and the import situation remained depressed.

The growth rate of imports and exports in the eastern region was reduced, while that in the central region was rapidly increasing. The export growth in the western region was significantly faster than that in imports, and the import and export growth in the northeast was stable. In terms of exports, the eastern region (823.15 billion US dollars) increased by 3.8%, the central region (44.85 billion US dollars) by 50.9%, the western region (57.94 billion US dollars) by 65.5%, and the northeastern region (25.77 billion US dollars) by 3.2%. From the perspective of specific provinces and cities, Guangdong, Jiangsu, and Shanghai ranked the top three countries in China's exports, and the total exports accounted for 63.9%. Among them, Guangdong's exports ranked first at 310.61 billion US dollars, an increase of 6.2%; Jiangsu's exports amounted to 177.33 billion US dollars, an increase of 4.3%; Shanghai's exports amounted to 119.87 billion US dollars, a decrease of 2%. The provinces and cities with rapid export growth include: Guizhou (up 145.5%), Gansu (up 112.5%), Henan (up 154.0%), Sichuan (up 57.4%), Chongqing (up 133.0%), and Xinjiang (up 55.5%) ), Shanxi (up by 101.4%), Anhui (60.7%) and Tibet (411.6%).

In terms of imports, the eastern region ($556.55 billion) increased by 1.2%, the central region ($25.74 billion) increased by 22.5%, the western region ($30.11 billion) increased by 22.4%, and the Northeast region ($2.655 billion) increased by 8.2%. Guangdong, Jiangsu, and Shanghai are also the three provinces and cities with the largest amount of imports in China, accounting for 64.2% of total imports of mechanical and electrical products. Among them, Guangdong's imports were US$196.21 billion, up 5.6%; Jiangsu's imports were US$106.32 billion, down 2.3%; Shanghai's imports were US$107.61 billion, up 1.8%. The provinces and cities with rapid import growth include Qinghai (up by 199.4%), Chongqing (up by 78.2%), and Henan (up by 162.6%).

China's mechanical and electrical products fluctuate in key markets

In recent years, the share of China's mechanical and electrical products in the international market has continued to rise. GTI data shows that the average market share of China's mechanical and electrical products in 32 developed countries, such as the United States and Japan, increased from 7.1% in 2001 to 19.9% ​​in 2011, and the market share of 37 developing countries in Mexico, India, and Brazil was The 4.1% in 2001 increased to 20.1% in 2011. However, since the beginning of this year, the share of Chinese electromechanical products in key markets has changed unilaterally upwards and has started to fluctuate. For example, from January to July, the United States imported 753.81 billion U.S. dollars of mechanical and electrical products, up 9.5% year-on-year, of which 193.89 billion U.S. dollars were imported from China, accounting for 25.7% of the market, and its market share decreased by 0.7 percentage point from the same period of last year; during the same period, the EU (excluding internal trade) electromechanical products The value of imports was 535.95 billion U.S. dollars, down by 6.2%, of which 170.79 billion U.S. dollars were imported from China, accounting for 31.9%, and the market share was down by 1.0 percentage points. In the same period, Japan’s import of electromechanical products was 17.72 billion U.S. dollars, up 7.7% year-on-year, of which 7.45 billion were imported from China. The U.S. dollar, accounting for 42.1%, fell 0.08 percentage points. However, the share of the three BRIC countries (Russia, Brazil, and South Africa) has increased. The total imports of mechanical and electrical products from the three countries totaled US$216.93 billion, an increase of 3.3% year-on-year, of which imports from China reached US$44.44 billion, accounting for 20.5%, and market share increased. 0.66 percentage points.