Electrical Equipment / Components & Telecoms

The export volume of automobiles has achieved double-digit year-on-year growth, and the unit price of mobile phones has supported a year-on-year increase in export volume... "In the first two months of this year, highlights of China's international trade exports of mechanical and electrical products can be found.

Data shows that in the first two months of this year, China's total vehicle export volume was 682000 vehicles, a year-on-year increase of 43.2%; The export amount was 14.02 billion US dollars, a year-on-year increase of 65.2%. China's mobile phone exports amounted to 23.68 billion US dollars, a year-on-year increase of 2%; The export unit price of mobile phones is 214 US dollars per unit, a year-on-year increase of 35 US dollars per unit. The domestic electric new energy vehicle industry is developing rapidly, and the pace of enterprises going overseas is accelerating. The international market competitiveness of new energy vehicles is becoming stronger, which has driven the year-on-year growth of car exports in the first two months. In addition, since the beginning of this year, the proportion of high-end mobile phone products has increased, driving an increase in their average export price, and the total export amount has also achieved growth. "said Gao Shiwang, a spokesperson for the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products.

Although the demand in the international trade market was poor in 2023, China's exports of automobiles and mobile phones still achieved year-on-year growth in the first two months. Gao Shiwang said, "Currently, China's electromechanical foreign trade is in a new stage of development that combines scale and quality, and comprehensively improves technology, quality, brand, service, and efficiency. The development of industries such as new energy vehicles, photovoltaic, and lithium batteries is in line with international standards or even leading. In the future, the demand for emerging industries will be further released, which will become an important support for the growth of electromechanical product exports

In the face of opportunities, how should relevant national departments assist mechanical and electrical enterprises in expanding international trade overseas business? Gao Shiwang proposed the following suggestions.

On the one hand, it is necessary to improve the management standards of emerging industries and promote healthy competition in the industry. The export volume and value of emerging products such as lithium batteries, electric new energy vehicles, and photovoltaics have all increased, becoming a new growth point driving mechanical and electrical exports. However, at the same time, some countries have brought many uncertainties to international trade and investment in related industries through laws in areas such as supply chain traceability, carbon footprint, ESG information disclosure, and even national security. Therefore, it is necessary to establish a joint mechanism for key industries to timely warn and respond to the international policy environment. At the same time, Gao Shiwang suggests that the International Chamber of Commerce for Import and Export should be supported to promote industry self-discipline and collaboration, and actively participate in the formulation of international standards; Establish and improve a standardized, specialized, fair, scientific, and authoritative overseas competition coordination mechanism and overseas market management mechanism for key industries; Promote the strong alliance of advantageous enterprises, cross-border mergers and acquisitions, and foreign investment cooperation, and achieve the global allocation of factor resources and layout of market networks for enterprises with cross-border business capabilities.

On the other hand, it is necessary to strengthen government enterprise communication targeting key markets. Key trading partner countries and regions for mechanical and electrical products have political and economic stability, but some countries' trade and industrial policies are clearly showing anti globalization, attracting localized investment from enterprises through various means such as imposing tariffs and conducting trade relief investigations. Some also have uncertain impacts on international trade and investment of enterprises through measures and reasons such as abusing export controls, economic sanctions, and national security. Therefore, diplomacy, commerce, and A key market government enterprise communication mechanism composed of cross departmental departments such as finance responds to the concerns of enterprises and solves common problems Gao Shiwang said.

In addition, we need to continue to increase financial support for the complete set industry. The debt crisis of some countries has superimposed the impact of epidemic situation, the international engineering market has been depressed since 2019, and effective demand has declined. Sovereign debt crisis has occurred in some developing countries, and a large number of new signed projects of Chinese complete sets of enterprises are in trouble in financing. Gao Shiwang suggests that financial and insurance institutions should be guided to implement differentiated management of the financing needs of complete projects, appropriately relax the underwriting and lending country limits for projects with good economic benefits and guaranteed repayment ability, continue to promote RMB international settlement, and actively promote third-party market cooperation.