According to customs statistics, the total import and export value of the machinery industry in the first three months of this year was 78.068 billion US dollars, down 20.89% year-on-year. The growth rate was basically the same as last month (-21.11%), only 0.22 percentage points higher than the national foreign trade. The decline in exports fell by 4.01 percentage points.
Among them, exports were 42.416 billion US dollars, down 21.04% year-on-year, only 0.16 percentage points higher than last month, 1.34 percentage points faster than the national foreign trade export rate; import 35.652 billion US dollars, down 20.7% year-on-year, 0.29 percentage points higher than the previous month. The national foreign trade import rate fell by 10.2 percentage points. The accumulated trade surplus was 6.763 billion US dollars.
In March, the machinery industry achieved a total import and export value of 28.875 billion US dollars, down 21.17% year-on-year, of which exports were 15.48 billion US dollars, down 21.21% year-on-year, and imports were 13.286 billion US dollars, down 21.13% year-on-year. The amount of imports and exports in the month has been freed from the monthly decline since the beginning of this year. In March, it increased by 6.349 billion U.S. dollars from February, and the trade volume also turned from a deficit of 230 million U.S. dollars to a surplus of 2.221 billion U.S. dollars.
The export rate of machinery industry slowed down in the month, and imports are still falling.
In the 13 industries that counted, the trend of the previous month continued. Except for the heavy machinery industry, all other industries fell in double digits. Exports in March (-21.21%) slowed down by 6.71 percentage points from the previous month; imports (-21.13%) accelerated by 7.74 percentage points from the previous month.
From the perspective of exports, the top five exports of the 13 industries in the month are: electrical appliances, petrochemicals, automotive, cultural office equipment and instrumentation industry. Exports that fell more than 30% year-on-year were in the automotive industry (-37.83%), construction machinery (-32.77%) and machine tool (-30.04%).
From the perspective of imports, the top five imports of the 13 industries in the month are: electrical appliances, instrumentation, petrochemical GM, automotive and other machinery industries. The year-on-year decline in imports was followed by other machinery (-35.95%), automobiles (-33.42%), and food packaging machinery (-28.23%).
Import and export of six provinces and cities maintained growth, accounting for 67% in the western region
From January to March, the machinery industry in the 31 provinces (municipalities) and autonomous regions, the cumulative growth of imports and exports in six provinces and cities maintained growth, mainly concentrated in the western region, accounting for 67%. The highest increase was in Guizhou Province (80.72%), followed by Hainan Province (64.47%), Sichuan Province (31.19%), Yunnan Province (16.22%), Henan Province (12.2%) and Shaanxi Province (11.88%).
Among them, exports were 42.416 billion US dollars, down 21.04% year-on-year, only 0.16 percentage points higher than last month, 1.34 percentage points faster than the national foreign trade export rate; import 35.652 billion US dollars, down 20.7% year-on-year, 0.29 percentage points higher than the previous month. The national foreign trade import rate fell by 10.2 percentage points. The accumulated trade surplus was 6.763 billion US dollars.
In March, the machinery industry achieved a total import and export value of 28.875 billion US dollars, down 21.17% year-on-year, of which exports were 15.48 billion US dollars, down 21.21% year-on-year, and imports were 13.286 billion US dollars, down 21.13% year-on-year. The amount of imports and exports in the month has been freed from the monthly decline since the beginning of this year. In March, it increased by 6.349 billion U.S. dollars from February, and the trade volume also turned from a deficit of 230 million U.S. dollars to a surplus of 2.221 billion U.S. dollars.
The export rate of machinery industry slowed down in the month, and imports are still falling.
In the 13 industries that counted, the trend of the previous month continued. Except for the heavy machinery industry, all other industries fell in double digits. Exports in March (-21.21%) slowed down by 6.71 percentage points from the previous month; imports (-21.13%) accelerated by 7.74 percentage points from the previous month.
From the perspective of exports, the top five exports of the 13 industries in the month are: electrical appliances, petrochemicals, automotive, cultural office equipment and instrumentation industry. Exports that fell more than 30% year-on-year were in the automotive industry (-37.83%), construction machinery (-32.77%) and machine tool (-30.04%).
From the perspective of imports, the top five imports of the 13 industries in the month are: electrical appliances, instrumentation, petrochemical GM, automotive and other machinery industries. The year-on-year decline in imports was followed by other machinery (-35.95%), automobiles (-33.42%), and food packaging machinery (-28.23%).
Import and export of six provinces and cities maintained growth, accounting for 67% in the western region
From January to March, the machinery industry in the 31 provinces (municipalities) and autonomous regions, the cumulative growth of imports and exports in six provinces and cities maintained growth, mainly concentrated in the western region, accounting for 67%. The highest increase was in Guizhou Province (80.72%), followed by Hainan Province (64.47%), Sichuan Province (31.19%), Yunnan Province (16.22%), Henan Province (12.2%) and Shaanxi Province (11.88%).
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