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Machinery industry foreign trade growth regression is interval

  • October 13, 2017

This year, the machinery industry the whole industry has maintained a good momentum of steady and healthy development of the industry, the main economic indicators better than expected, reversing the growth rate year-on-year decline in import and export trade trend. China Machinery Industry Federation to provide the data show that 1~7 months of this year, the machinery industry total imports and exports 395 billion 439 million U.S. dollars, an increase of 8.91%., imports of $167 billion 816 million, an increase of 11.78%; exports of $227 billion 623 million, an increase of 6.88%; a trade surplus of $59 billion 800 million last year, reversing the machinery industry foreign trade import and export growth year-on-year decline trend. 


1~8 months, the mechanical industrial added value increased by 11%, respectively, higher than the national industrial and manufacturing industry 4.3 and 3.8 percentage points higher than that of the machinery industry, 2.3 percentage points over the same period of.1~7 months to achieve the main business income of 14 trillion and 630 billion yuan, an increase of 11.37%, 4.46 percentage points higher than the same period last year; a total profit of 995 billion 359 million yuan, an increase of 14.31%. 7.72 percentage points higher than the same period last year. This year, the consumer market and close relationship with environmental protection, green manufacturing, intelligent manufacturing and industrial transformation and upgrading, and infrastructure construction and national key engineering machinery industrial production, have achieved rapid growth. "Chinese Machinery Industry Federation President Wang Ruixiang introduction said, 1~8 month, 119 kinds of main products of machinery industry focus on monitoring the implementation, production increased 91 species, accounting for 76.47%, including 42 kinds of product by Last year, the year-on-year growth rate of automobile production and marketing was 17 million 678 thousand and 17 million 511 thousand, respectively, 4.7% and 4.3%. higher than that of the same period of last year.


Benefit from the new industry enterprises continued to improve. The main business income, 1~7 months, the internal combustion engine, engineering machinery, instrumentation, an increase of 21.5%, respectively, 14.93%, 15.28%, the growth rate among the top three industries. The three industry profits grew 58.18%, respectively, 81.2%, 30.48%. from the new main business income accounted for watching, non automotive industry accounted for 64.69%%, increased by 16.69 percentage points over the previous year. From the new profit, non automotive industry accounted for 65.64%, 14.68 percentage point increase over the previous year; the automotive industry accounted for 34.36%; electrical appliance industry accounted for more than 13.7%. 


It should be noted that the industry growth rate of investment in fixed assets is still running.1~7 month low in the machinery industry realized a total investment in fixed assets 2 trillion and 810 billion yuan, an increase of 3.42%, 1.19 percentage points lower than the first half of the year. And the price index rose slowly in the first half of this year, industrial machinery producers factory price index rose 5.5%. cost pressures are still high, mainly reflecting in labor costs, financing costs, energy costs, logistics costs and rising prices of raw materials such as the rapid growth of.1~7 months, the machinery industry main business costs rose 11.52% over the same period last year increased. At the same time, the long-term accumulation of structural contradictions in the industry has not been fundamentally changed, the market downturn, the lack of orders, overcapacity in some industries. And industry, technical innovation, private investment is slow and other factors, are restricting the machinery industry to upgrade the quality and efficiency. 


Wang Ruixiang expects that the machinery industry will continue to improve for the whole year, the industry added value or growth of about 8%, the main business income and total profit growth of about 8%, the industry foreign trade exports to achieve moderate growth.


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