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The reporter learned from the Wuhan Municipal Bureau of Commerce that the export of mechanical and electrical products has become a major part of Wuhan's foreign trade exports. In the first half of 2010, the foreign trade volume of Wuhan reached 4.448 billion yuan, of which mechanical and electronic products exported 3.245 billion US dollars, accounting for 73% of the city's total exports.
According to reports, from January to June 2010, the total import and export value of mechanical and electrical products in Wuhan was 5.975 billion U.S. dollars, of which exports were 3.245 billion U.S. dollars, up 93.4%; imports were 2.73 billion U.S. dollars, up 60.9%. Electrical and mechanical products have exported more than 1 billion yuan of ships; over 100 million yuan have displays, digital cameras, automobiles and parts, and printed circuits. Imports of electromechanical products in Wuhan mainly focus on automotive parts and integrated circuits.
According to analysis by the Wuhan Municipal Bureau of Commerce, Changhang Foreign Economics, Foxconn, and TPV show that technology is the three largest exporters; the proportion of high value-added and deep-processing, precision machining electromechanical and hi-tech products exports has increased significantly. Wuhan Development Zone, which is mainly based on automobiles and parts, and Donghu Development Zone, which focuses on consumer electronics and optoelectronics industries, rely on two state-level bases for “Automobile and Parts Export Base†and “Science and Technology Innovation Base†respectively. The development is even more rapid. Among them, the export base of auto parts and technology and the first half of the innovation and innovation base of science and technology to reach 150 million and 1.25 billion US dollars, respectively, the development of the two regions has begun to take shape.
In addition, Wuhan’s export market has become increasingly diversified. In the first half of the year, exports of electromechanical and high-tech products were mainly in Europe, the United States, Asia, and Africa. Take the example of ships and automobiles, the export destinations of ships are mostly developed countries in Europe, and the exporting countries of automobiles are concentrated in developing countries in Asia, Africa and Latin America, and the overseas markets are diversified.
This person predicts that although exports were better than last year, they are expected to be affected by the slow recovery of the world economy, the lack of stable international financial markets, rising prices of important commodities, appreciation of the renminbi, and rising labor costs. Exports will tend to be gentle.
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