Machinery / Industrial Parts & Tools

The state has successively issued a series of policies and measures to stabilize the scale and optimize the structure of foreign trade, helping foreign trade business entities actively respond to the challenges brought by weakening foreign demand, effectively seizing market opportunities, and China's foreign trade continues to maintain positive growth.

According to customs data, China's total import and export value in the first five months of 2023 was $2.44 trillion, an increase of -2.8% year on year. Of which, exports amounted to US $1.4 trillion, up 0.3% year on year; Imports amounted to $1.04 trillion, up -6.7% year on year; The trade surplus was 359.48 billion US dollars. As for the internal combustion engine industry, the import and export performance was generally stable, and the export growth was higher than the import.

According to the customs data, the total import and export volume of the internal combustion engine industry from January to may 2023 was $12.976 billion, a year-on-year increase of 9.62%. The customs data showed that the import volume was $3.447 billion, a year-on-year increase of -5.24%, and the export volume was $9.529 billion, a year-on-year increase of 16.22%.

Among the import amount, gasoline engine and internal combustion engine parts still declined significantly, while the other types of parts have increased year-on-year. According to the customs data, the import of diesel engines from January to may 2023 was 419million US dollars, a year-on-year increase of 13.27%; Gasoline engine imports reached 190million US dollars, a year-on-year increase of -33.97%; The import of other types of complete machines was US $1.122 billion, a year-on-year increase of 0.65%; The import of internal combustion engine parts was 1.482 billion US dollars, a year-on-year increase of -12.37%; The import of generator sets was US $234million, an increase of 34.21% year on year.

The customs data showed that in the export amount, except for the decline of other types of complete machines, the rest of the sub types increased year on year. Specifically, from January to may 2023, the export of diesel engines reached 526million US dollars, a year-on-year increase of 22.66%; Gasoline engine exports reached US $656million, a year-on-year increase of 10.29%; The export of other types of complete machines was US $1.101 billion, a year-on-year increase of -1.00%; The export of internal combustion engine parts reached US $4.876 billion, a year-on-year increase of 16.68%; The export of generating units reached US $2.370 billion, a year-on-year increase of 25.77%.