Machinery / Industrial Parts & Tools

Since the beginning of this year, my country's foreign trade import and export has overcome many adverse effects such as the tightening of the external environment and the short-term impact of the epidemic, and has maintained a good development trend, with a cumulative growth rate of nearly 10% in the first eight months. According to customs data, in terms of US dollars, from January to August 2022, the total value of my country's imports and exports was US$4,191.416 billion, an increase of 9.5%. Among them, the export was 2,375.970 billion US dollars, an increase of 13.5%; the import was 1,815.445 billion US dollars, an increase of 4.6%; the trade surplus was 560.52 billion US dollars.

Since the internal combustion engine industry is affected by international trade and the characteristics of its own enterprise scale, although its import and export performance is not as good as that of the country as a whole, it is generally stable and has a positive trend. According to customs data, the total import and export volume of the internal combustion engine industry from January to August was 19.912 billion US dollars, a year-on-year decrease of 0.91% (an increase of 0.3 percentage points from January to July). According to customs data, imports were US$5.880 billion, down 20.65% year-on-year (up 0.93 percentage points from January-July); exports were US$14.032 billion, up 11.01% year-on-year (down 0.38 percentage points compared with January-July).

According to customs data, in the import amount, all sub-types decreased year-on-year, especially gasoline engines. Specifically: from January to August 2022, the import of diesel engines was US$612 million, a year-on-year decrease of 7.55%; the import of gasoline engines was US$452 million, a year-on-year decrease of 47.17%; the import of other types of complete machines was US$1.740 billion, a year-on-year decrease of 16.19%; the import of internal combustion engine parts was 27.63% USD 100 million, a year-on-year decrease of 20.82%; imports of generator sets were USD 313 million, a year-on-year decrease of 4.15%.

According to customs data, in the export value, all sub-types except gasoline engines increased year-on-year. Specifically: from January to August 2022, the export of diesel engines was US$743 million, a year-on-year increase of 21.14%; the export of gasoline engines was US$1.028 billion, a year-on-year decrease of 17.60%; the export of other types of complete machines was US$1.811 billion, a year-on-year increase of 16.84%; the export of internal combustion engine parts was 73.70% USD 3.081 billion, an increase of 8.86% year-on-year; export of generator sets was USD 3.081 billion, a year-on-year increase of 23.05%.