Machinery / Industrial Parts & Tools

Customs data shows that the export slowdown slowed down in the first two months of 2023, while the import decline expanded. On the one hand, since the beginning of the new year, the domestic epidemic situation has been stable, and the release of foreign trade orders that were backlog due to the impact of the epidemic at the end of last year has boosted the export performance of this period; On the other hand, the weakening of external demand and the increasing uncertainty of the external environment have left global inflation at a high level, and the weakening of the growth momentum of the world economy and trade have become difficulties in the development of foreign trade.

According to customs data, the total import and export value of China in the first two months of 2023 was 895.72 billion US dollars, a decrease of 8.3%. Among them, exports reached 506.3 billion US dollars, a year-on-year decrease of 6.8%; Import of 389.42 billion US dollars, a year-on-year decrease of 10.2%; The trade surplus is 116.88 billion US dollars.

Specifically, in the internal combustion engine industry, the overall performance of imports and exports remained stable, with export growth exceeding imports.

According to customs data, the total import and export volume of the internal combustion engine industry from January to February 2023 was 4.747 billion US dollars, a year-on-year increase of 0.45%. Among them, imports were 1.223 billion US dollars, a year-on-year increase of -10.47%, and exports were 3.524 billion US dollars, a year-on-year increase of 4.89%.

In terms of import amount, except for the year-on-year growth of internal combustion engines used in power generation units, all other types have decreased, while the decline in gasoline engines is still significant. Specifically, from January to February 2023, the import of diesel engines reached 128 million US dollars, a year-on-year increase of -4.60%; The import of gasoline engines reached 80 million US dollars, a year-on-year increase of -26.79%; The import of other types of complete machines reached 406 million US dollars, a year-on-year increase of -0.53%; The import of internal combustion engine components reached $540 million, a year-on-year increase of -18.64%; The import of generator sets reached 69 million US dollars, a year-on-year increase of 35.91%.

Customs data shows that in the export amount, except for gasoline engines and other types of complete machines, all other sub categories have increased year-on-year. Specifically, from January to February 2023, diesel engine exports reached 193 million US dollars, a year-on-year increase of 3.70%; According to customs data, gasoline engine exports reached 225 million US dollars, a year-on-year increase of -15.17%; The export of other types of complete machines reached 411 million US dollars, a year-on-year increase of -8.57%; The export of internal combustion engine components reached 1.782 billion US dollars, a year-on-year increase of 3.97%; The export of generator sets reached 913 million US dollars, a year-on-year increase of 22.58%.