A year-on-year increase of 36% China's import and export of mechanical products continued to expand

According to customs statistics, in 2010, China’s machinery industry realized a total import and export volume of USD 513.83 billion, an increase of 36.39% year-on-year, which is 1.69 percentage points higher than the national import and export growth. Among them, exports were 258.483 billion U.S. dollars, an increase of 32% year-on-year; imports were 255.347 billion U.S. dollars, an increase of 41.14% year-on-year; the machinery industry's cumulative import and export trade surplus was 3.136 billion U.S. dollars, a significant decrease of 11.717 billion U.S. dollars from the same period of the previous year of 14.907 billion U.S. dollars.

The monthly import and export volume exceeded US$50 billion for the first time. Statistics show that in 2010, the total import and export volume of the machinery industry exceeded US$50 billion for the first time in December, reaching 508.48. Billion U.S. dollars, a record high, a year-on-year increase of 24.26%. Of which exports were 24.952 billion U.S. dollars, an increase of 20.41% year-on-year; imports were 25.896 billion U.S. dollars, an increase of 28.22% year-on-year. In spite of this, in December, the growth rate of total imports and exports, exports, and imports declined significantly compared with November, slowing down by 14.17, 12.73, and 15.79 percentage points respectively.

Since the second half of 2010, affected by many factors, the trade balance of the machinery industry has fluctuate greatly. In December, there was a deficit for the fifth month since 2010. The deficit in import and export of the month reached 944 million U.S. dollars, and the trade deficit was higher than the previous month. Increased 318 million U.S. dollars.

The automotive and machine tool industry performed well from January to December. In the 13 industries of the machinery industry, except for the cumulative growth rate of import and export of the heavy mining industry, the growth rate of the other 12 industries was positive. From an industry perspective, the two industries of automobiles and machine tools have achieved outstanding performance. The import and export growth of the automotive industry is the fastest, totaling US$79.66 billion, an increase of 59.69% year-on-year. Among them, the import value was 48.845 billion U.S. dollars, an increase of 74.95% year-on-year; the export value was 30.821 billion U.S. dollars, an increase of 40.3% year-on-year. The growth rate of imports and exports in the machine tool industry followed, with total imports and exports reaching US$215.63, an increase of 57.6% year-on-year. Of which, 15.927 billion U.S. dollars were imported, an increase of 66.73% year-on-year; exports were 5.636 billion U.S. dollars, an increase of 36.49% year-on-year.

The total import and export volume of Yuesu, Shanghai and Shanghai was over 50% from January to December. In 31 provinces and cities, the cumulative import and export volume of the machinery industry in three provinces and cities of Guangdong, Jiangsu, and Shanghai reached US$270.062 billion, accounting for the total trade volume of the country. 52.56% of the total. The total import and export volume of Guangdong's machinery industry reached US$121.42 billion, an increase of 33.19% year-on-year, of which imports totaled US$50.378 billion, up 38.46% year-on-year, and exports totaled US$71.063 billion, a year-on-year increase of 29.69%. The total import and export volume of Jiangsu Machinery Industry was US$78.592 billion, an increase of 44.18% year-on-year; the total import and export volume of Shanghai Machinery Industry was US$70.29 billion, a year-on-year increase of 38.22%.