2014 China's machinery industry production and import and export situation is better

Since the beginning of this year, the production and import and export of China's machinery industry have been better. From January to May, the added value of industrial enterprises above designated size in the machinery industry increased by 11.3% year-on-year. Although the growth rate of added value showed a slight downward trend month by month, it was still 2 percentage points higher than the same period of last year.

Among the 64 kinds of products counted by the monthly report of the China Machinery Industry Federation, there were 45 kinds of accumulated year-on-year growth, accounting for 70.3% of all reported product varieties.

Machinery Industry Increases Double-digit Growth

From January to May, the added value of industrial enterprises above designated size in the machinery industry increased by 11.3% year-on-year, which was 0.2 and 0.5 percentage points lower than that of January to April and January to March. Although the growth rate of added value showed a slight downward trend month by month, it was still high. 2% in the same period last year.

In terms of sub-industries, among the 49 medium-sized industries in the statistics, the growth rate of 25 medium-sized industries increased compared with the same period of last year, among which 6 industries increased by more than 4 percentage points. The growth rate of 24 medium-industry value-added industries decreased year-on-year, among which, the decline was more than 8 percent in other instrument and meter manufacturing, modified automobile manufacturing, low-speed truck manufacturing and other general equipment manufacturing.

Accumulated import and export of machinery industry to maintain growth

From January to May, the total import and export volume of the machinery industry totaled 287.633 billion U.S. dollars, an increase of 10.16% year-on-year. Among them, the export value was US$159.089 billion, which was a year-on-year increase of 9.4%, and the growth rate increased by 0.46 percentage points from January to April (8.94%); the import value was US$128.544 billion, a year-on-year increase of 11.11%, and the cumulative import and export trade surplus was US$30.545 billion.

In May, the total import and export volume of the machinery industry was US$ 63.432 billion, an increase of 9.34% year-on-year. Among them, the export value was US$35.668 billion, an increase of 11.06% year-on-year, and the growth rate dropped 1.64 percentage points from the previous month; the import value was US$27.764 billion, which represented an increase of 7.21% year-on-year, and the growth rate decreased by 4.61 percentage points from the previous month. The current trade surplus was US$7.904 billion.

The growth rate of export growth in the ten industries

In the first five months, the growth rate of export in the 13 major industries of the machinery industry fell faster than that in January-April, which was a fall of 3.94 percentage points; followed by the auto industry, which fell by 0.72 percentage points; and the third was machinery. The basic parts industry fell 0.34 percentage points.

In May, the year-on-year growth rate of exports from ten major industries in the machinery industry fell from April, and the fastest decline in export growth was in the agricultural machinery industry, which was 39.14 percentage points lower than that in April; followed by the automobile and machine tools industry. , It dropped 9.61 and 7.28 percentage points respectively.

General trade accumulates export growth faster than processing trade

From January to May, the total import and export volume of the general trade of the machinery industry was 180.211 billion U.S. dollars, an increase of 14.09% year-on-year; the total import and export volume of the processing trade was 74.264 billion U.S. dollars, an increase of 3.44% year-on-year.

From the perspective of imports, total imports of general trade in the first five months totaled US$ 87.501 billion, up 15.9% year-on-year; cumulative imports of processing trade totaled US$ 22.706 billion, which was a year-on-year increase of 0.32%.

From the perspective of exports, from January to May, the cumulative total of general trade exports totaled 92.709 billion U.S. dollars, an increase of 12.43% year-on-year; the total export volume of processing trade was 51.557 billion U.S. dollars, an increase of 4.88% year-on-year. The year-on-year growth of general trade exports was 7.55 percentage points higher than that of processing trade.