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Industry report

  • China's import volume of integrated circuits increased for 5 consecutive months

    According to the statistics of the General Administration of Customs, in the first five months of 2024, China's integrated circuit imports increased by 13.1% year-on-year to 148.06 billion US dollars, which increased for five consecutive months, accounting for 13.9% of China's imports of goods, which increased from 12.7% in the same period last year. Imports rose 14.9 percent year on year to 213.65 billion yuan, the eighth consecutive month of year-on-year growth.

    Source: China Chamber of Commerce for Import and Export of Mechanical and Electrical Products 2024-06-11
  • China's bicycle export "volume increase price decrease", the future export growth power is insufficient

    According to the statistics of the General Administration of Customs, in the first four months of 2024, China's bicycle exports totaled 955 million US dollars, down 7.8% year-on-year; The cumulative export volume was 15.34 million, up 26.1% year-on-year. China's exports to the United States, Vietnam, Russia, Iran, Mexico and other markets increased year-on-year. From the monthly data point of view, from January to February, based on the main export market to replenish inventory, exports in 23 consecutive months after the decline ushered in a small growth, up 9.6% and 2% respectively; From March to April, exports continued to decline, falling 26.2% and 8.3% respectively from a year earlier.

    Source: China Chamber of Commerce for Import and Export of Mechanical and Electrical Products 2024-06-04
  • Global electricity demand is picking up, driving our motor exports back to growth

    According to the statistics of the General Administration of Customs, in the first quarter of this year, China's motor exports grew 2.3% to 3.7 billion US dollars, the growth rate rose 10.3 percentage points over the same period last year, the export growth rate rose mainly due to the growth of global power demand. According to customs data, exports from Asia, Europe and North America accounted for 85.4% of China's total exports of small and medium-sized motors. Among them, thanks to the demand of South Korea, Vietnam, Thailand and other markets, the export value of our motor products to Asia increased by 7.5% year-on-year to 1.63 billion US dollars.

    Source: China Chamber of Commerce for Import and Export of Mechanical and Electrical Products 2024-04-29
  • In the first quarter of 2024, China's exports of mechanical and electrical products increased by 3.3% year-on-year to $477.72 billion

    ● The import and export growth rate was higher than the statistics of the General Administration of Commodity Customs, in the first quarter of 2024, the import and export value of China's mechanical and electrical products increased by 4.1% to 695.23 billion US dollars. Among them, the export of US $477.72 billion, an increase of 3.3%, 1.8 percentage points higher than the total export of goods; Imports reached US $217.51 billion, up 6.0% year-on-year.

    Source: China Machinery and Electrical Chamber of Commerce 2024-04-12
  • Sluggish global demand has dragged down the volume of mobile phone exports in a continuous decline - Analysis of China's mobile phone exports in 2023

    In 2023, due to the slowdown in the iteration of smart phone technology, the sluggish global demand for mobile phones caused by the economic downturn, and the impact of supply and demand such as the outflow of order capacity caused by the transfer of the main manufacturers' supply chain, China's mobile phone export volume has declined continuously. However, benefiting from the strong emerging demand and accelerating the inventory progress of manufacturers' channels, it is expected that 20...

    Source: China Machinery and Electrical Chamber of Commerce 2024-04-11
  • The position of dominant ship type was consolidated, and the annual export volume increased by 20% | Analysis of China's ship import and export in 2023

    In 2023, in the context of the difficult recovery of the world economy, under the guidance and support of relevant national industrial policies and measures, China's shipbuilding industry has maintained a good momentum of development, steady progress, the three major indicators of shipbuilding have achieved comprehensive growth, and the international market share continues to maintain the world's leading. In the ship import and export trade, continue to consolidate and...

    Source: China Machinery and Electrical Chamber of Commerce 2024-04-10
  • 2023 China's photovoltaic industry foreign trade situation analysis and countermeasures

    According to China's customs statistics, in 2023, China's polysilicon imports were $1.71 billion, down 35.6% year-on-year. In terms of exports, China's photovoltaic product exports in 2023 were 47.59 billion US dollars, down 4.9% year-on-year. Among them, the export value of components was 38.83 billion US dollars, compared with the same period last year.

    Source: China Machinery and Electrical Chamber of Commerce 2024-03-30
  • The sea is wide, the wind is strong and the sail is good -- Analysis of China's automobile export in 2023 and Prospect in 2024

    12023 car exports exceeded 5 million in the past three years, China's car exports a step a year, from 1 million to 5 million, from the wandering consolidation stage into a period of rapid growth, opened the golden age of Chinese cars to the sea. In the weak global economic recovery, complicated geopolitical conflicts, industry transformation into...

    Source: China Machinery and Electrical Chamber of Commerce 2024-03-13
  • 2023 China Home appliance export scale to recover growth | "2023 China Home Appliance (white electricity) Export Annual Report" (excerpt)

    The main points of the report: ● In 2023, the cumulative export of home appliances (white electricity) was 112.06 billion US dollars, an increase of 1.1%, more than 100 billion US dollars for three consecutive years; ● The export performance to North America and Oceania is still low; The European market has recovered somewhat; The "Belt and Road" along the Middle East, African markets, and Latin American markets...

    Source: China Machinery and Electrical Chamber of Commerce 2024-03-08
  • 2023 lighting products export analysis

    According to customs statistics, the export of lighting products in 2023 was 49.080 billion US dollars, down 7.4% year-on-year and down 15.4% from 2021. Among them, the export of lamps and lighting devices and parts was 40.964 billion US dollars, down 4.4% year-on-year; The export of electric light source and accessories products was 8.116 billion US dollars, down 20.0% year-on-year; LED light source products...

    Source: China Machinery and Electrical Chamber of Commerce 2024-03-07