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Mechanical two-digit growth in import and export of industrial added value is better

AKW GROUP | Updated: Nov 16, 2015

This year, production and import and export of machinery industry in China is good. In January-May, the machinery industry above-scale industrial added value is higher than the level in the same period last year, an increase of 11.3%. Machinery industry total imports and exports amounting to us $ 287.633 billion, an increase of 10.16%.

In the monthly statistics by the China machinery industry Federation in 64 products, cumulative growth of 45 per cent, 70.3% per cent of all reported.

Machinery industrial added value of double-digit growth

In January-May, the above-scale industrial added value of machinery industry grew 11.3%, January-April and January-March fell 0.2 and 0.5%, respectively, while the added value growth rate was slightly lower trend month by month, but 2% is still higher than a year earlier.

By sector, statistics of the 49 industries, has 25 industrial added value growth rate improved over last year, which increased by more than 4% have 6 trades. Has 24 industries added value growth rate fell, which fell above 8% other instruments and meters manufacture, modification, manufacturing automobile manufacturing, low-speed trucks and other general equipment manufacturing industry.

Total import and export of machinery industry keeps growing

In January-May, the total import and export volume of machinery industry 287.633 billion trillion, an increase of 10.16%. 159.089 billion US dollars, an increase of 9.4% growth from January-April (8.94%) and 0.46% imports 128.544 billion dollars, an increase of 11.11%, the cumulative trade surplus $ 30.545 billion.

May the month, import and export of machinery industry total amount of US $ 63.432 billion, an increase of 9.34%. 35.668 billion US dollars, an increase of 11.06%, down 1.64% growth over the previous month and imports 27.764 billion dollars, an increase of 7.21%, the growth rate fell from the previous month to 4.61%, monthly trade surplus of 7.904 billion US dollars.

Ten industry exports in the month fell

First 5 months in the machinery industry in 13 major industry is a decline in January-April, faster export growth in agricultural machinery industry, down 3.94%, followed by the automotive industry, reverted to 0.72%; the third was machine components industry, down 0.34%.

May that same month, ten major industries of machinery industry growth rate of exports in April fell, in which fell the fastest export growth is agricultural machinery industry in April, representing a fall of 39.14%, followed by the automotive and machine tool industries, down 9.61 and 7.28%, respectively.