Last year, the analysis of mechanical products import and export
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The export growth rate of all industries was higher than that of imports. In addition to the import growth of cultural office industry, the growth rate was higher than that of export. From January to November of 2007, the export growth rate of other sub-sectors of the machinery industry was higher than the import growth rate. The highest export growth rate was in the construction machinery industry (62.74%), followed by the agricultural machinery industry (59.76%), the food packaging industry (58.75%), the automotive industry (51.99%), the heavy mining industry (51.48%), and the internal combustion engine industry. (47.8%) and petrochemical GM (46.7%) industries.
Imports and exports of all provinces and cities continued to grow from January to November 2007. In 31 provinces, municipalities, and autonomous regions, 26 provinces and cities have accumulated double-digit growth in imports and exports, of which the highest increase was in Xinjiang Autonomous Region (111.51%). Other provinces and cities were Ningxia Autonomous Region (71.39%), Hunan Province (65.53%), Inner Mongolia Autonomous Region (62.73%) and Hebei Province (45.54%). Judging from the accumulated amount, Guangdong Province ranks first in the country with US$86.06 billion, followed by Jiangsu Province (53.626 billion US dollars), Shanghai (US$45.59 billion), Zhejiang Province (28.187 billion US dollars), and Beijing (27.829 billion US dollars).
General trade imports and exports increased faster than processing trade. From January to November of 2007, the total import and export volume of general trade in the machinery industry reached US$16.367 billion, which was a year-on-year increase of 35.95%, which was faster than the increase of import and export of processing trade (31.75%) by 4.2%. The import and export volume of machinery industry was 50.04%; the total import and export volume of processing trade was US$116.456 billion, an increase of 31.75% year-on-year.
Imports and exports to major trading partners have significantly accelerated the significant increase in imports and exports of the machinery industry and major trading partners from January to November 2007. Among the trading partners, Japan remains the first trading partner of the machinery industry, achieving a total bilateral trade volume of 60.221 billion US dollars, an increase of 19.65% year-on-year; the United States as a second trading partner realizes a total bilateral trade volume of 44.533 billion US dollars, an increase of 20.24% over the previous year; Third, Germany achieved total bilateral trade volume of USD 31.579 billion, a year-on-year growth of 25.09%. South Korea was ranked fourth, achieving a total bilateral trade volume of USD 19.115 billion, a year-on-year increase of 26.77%. The EU achieved total bilateral trade volume of USD 79.134 billion, an increase of 31.69% year-on-year. The total bilateral trade volume of ASEAN reached US$21.447 billion, an increase of 47.59% year-on-year.
Imports and exports amounted to more than half of foreign-funded enterprises In January-November 2007, foreign-funded enterprises in the machinery industry realized a total import and export volume of USD 202.284 billion, an increase of 28.48% year-on-year, accounting for 61.84% of the import and export volume of the machinery industry. The export of private enterprises maintained a rapid growth, with an accumulated export value of 41.607 billion U.S. dollars, an increase of 52.39% year-on-year, accounting for 23.8% of the export value of the machinery industry.
Exports of 83 kinds of products maintained growth From January to November of 2007, 83 kinds of 90 kinds of key products of the machinery industry have been accumulatively exported. Among the total value of imported products, there were 66 cumulative year-on-year increases.
