Machinery / Industrial Parts & Tools

Over the past decade, China's machinery industry has adhered to foreign exchange and cooperation, and machinery products have been exported to more than 100 countries and regions. Made in China and Chinese equipment have enjoyed a worldwide reputation.

Xu Niansha, president of the China Machinery Industry Federation, disclosed on the 13th that from 2012 to 2021, the scale of China's machinery industry's international trade import and export continued to rise, and the total amount of international trade import and export increased from 647.22 billion dollars in 2012 to 1038.658 billion dollars in 2021, breaking through trillion dollars for the first time in the context of the global economic downturn. The export value increased from US $350.6 billion to US $676.54 billion, and the trade surplus increased from US $53.9 billion to US $314.422 billion, a record high.

Xu Niansha said that over the past ten years, China's machinery industry has adhered to foreign exchanges and cooperation to promote the realization of high-level opening up. Machinery products have been exported to more than 100 countries and regions. Made in China and Chinese equipment are famous all over the world.

The import and export of machinery industry accounted for 17.16% of China's total foreign trade, up from 16.74% in 2012. Among them, the proportion of imports increased from 17.11% to 20.11%; The proportion of trade surplus increased from 23.36% to 46.48%. These fully demonstrate the important position of China's machinery industry in the global manufacturing industry chain supply chain.

In addition, the export trade structure has been continuously optimized. Over the past 10 years, the structure of China's machinery industry's international trade export products has been continuously optimized, and is rapidly upgrading from processing trade and low-end products to general trade and products and complete sets of equipment with high technological content and added value. In recent years, the general trade export of machinery industry accounts for nearly 70%. The export of traditional advantageous products in the mechanical industry such as auto parts and low-voltage electrical equipment has increased significantly in recent years, and the export of finished automobiles, complete construction machinery and other products in international trade has been outstanding. In 2021, the export volume of finished automobiles will exceed 2 million, and the export volume of excavators, loaders, bulldozers, and electric forklifts in construction machinery will increase significantly, becoming the main force driving the total export volume of international trade to a new high.