From January to March this year, the machinery industry saw a mixed performance in its import and export activities. According to customs data, total imports and exports for the sector reached $146.381 billion, marking a 2.38% decline compared to the same period last year. This drop represented a narrowing of the previous month’s decline by 2.06 percentage points. While exports rose by 3.95% year-on-year to $82.108 billion, the growth rate fell sharply from 9.27% in January-February, a decrease of 5.32 percentage points. Imports, on the other hand, declined by 9.43% to $64.272 billion, with the drop narrowing slightly from -10.81% in the first two months of the year.
In March alone, the machinery sector reported a total import and export volume of $54.151 billion, down 7.04% year-on-year. The decline was less severe than the previous month’s -11.97%, indicating some improvement. Exports for the month dropped to $29.18 billion, down 6.21% from the same period last year, but the decline narrowed significantly from the previous month’s 11.66%. Imports fell to $24.971 billion, down 8% year-on-year, with the drop narrowing by 23.86 percentage points from February’s -31.86%. The trade surplus for March stood at $4.409 billion.
Among the 13 major industries within the machinery sector, the growth in imports showed notable improvement. Two industries recorded year-on-year increases in imports, with the electrical and electronic industry showing a 2.44% rise compared to January-February. However, seven industries experienced slower growth than the previous two months. The top three industries that saw the most significant reduction in decline were construction machinery, heavy mining, and other civilian machinery, with declines narrowing by 20.75%, 4.48%, and 3.2% respectively.
In March, three of the 13 industries saw positive growth, including electrical appliances, instrumentation, and heavy mining, which turned from negative to positive growth with sharp increases of 31.21%, 29.85%, and 24.47% respectively. Ten industries saw their declines narrow, with construction machinery and petrochemical general industries recording reductions of over 30 percentage points from February.
Cumulative exports grew faster than imports during the first three months of the year. Exports increased by 3.95%, while imports fell by 9.43%, resulting in an export growth advantage of 13.38 percentage points. In all 13 industries, except for the electrical and electronic sector, exports outperformed imports. Among provinces and municipalities, 22 regions saw exports grow faster than imports. On the import side, 10 regions achieved positive growth, with Qinghai (287.2%), Chongqing (67.86%), and Heilongjiang (56.67%) leading in cumulative import growth. Meanwhile, Gansu (-47.74%), Ningxia (-42.71%), and Hunan (-42.44%) saw the largest declines.
Exports from 20 provinces and municipalities showed positive growth, with Tibet (699.2%), Guizhou (297.9%), and Ningxia (157.69%) reporting double-digit growth. Asia remains the dominant trading partner for the machinery industry, accounting for 48.61% of total imports and exports. Hong Kong maintained strong growth, with cumulative increases of 55.17%, 31.72%, and 30.74% in the first three months. Trade with Japan, however, declined sharply, dropping by around 6% year-on-year. Africa, on the other hand, saw rapid growth, with cumulative increases of 31.89%, 46.09%, and 34.58%. European trade, meanwhile, saw a decline, with cumulative growth rates of 3.66%, -7.42%, and -8.38%.
General trade and processing trade both contributed to a trade surplus. General trade had a total import and export value of $86.85 billion, with a 3.55% annual decline, while processing trade totaled $40.762 billion, down 6.36% year-on-year. Both sectors posted surpluses, with general trade at $5.324 billion and processing trade at $14.985 billion.
Private enterprises outperformed state-owned and foreign-funded enterprises in terms of import and export performance. Private companies recorded a 14.73% increase in total trade volume, while state-owned and foreign-funded enterprises saw declines of 6.24% and 7.58% respectively. On the import side, private enterprises grew by 5.8%, outpacing state-owned (-10.2%) and foreign-funded (-12.22%) enterprises. On the export front, private enterprises grew by 18.36%, significantly outperforming state-owned (-2.17%) and foreign-funded (-2.33%) firms.
Among the 92 types of machinery products tracked by the China Machinery Industry Federation, 57 products showed a trade surplus, while 35 registered a deficit. The top three surplus products were wire and cable ($2.723 billion), copiers ($1.667 billion), and power tools ($1.383 billion). The largest deficits were seen in automobiles ($6.257 billion), four-wheel-drive light off-road vehicles ($4.031 billion), and small cars ($2.605 billion).
Industrial aluminum profiles are based on aluminum, adding an appropriate amount of silicon, copper, magnesium, zinc and other alloying elements, through a series of production processes such as high-temperature melting casting and extrusion. Aluminum itself is relatively light, the density is only about one-third of steel, so industrial aluminum profiles with its unique performance advantages and wide applicability, support the efficient operation of many industries, flourish, become a modern industrial manufacturing system in the weight of the basic material. It has the advantages of high strength, corrosion resistance, easy processing and forming, environmental protection and energy saving. Industrial aluminum profiles are widely used in the construction industry, machinery and equipment, automobile manufacturing, aerospace, and electronic products. In summary, I have reason to believe that industrial aluminum profiles will show greater potential and value in a wider range of fields!
Industrial Aluminium Profiles,Aluminum Heat Sink Profile,Mobie Phone Base Aluminum Profile,Electrical Aluminum Extrusion Profile
Guangdong Jihua Aluminium Co., LTD , https://www.jihua-alu.com