The cumulative trade surplus of the machinery industry in the first 10 months exceeded 4.7 billion US dollars

Since 2010, the country's machinery industry has achieved steady and rapid growth, while the industry's operating performance exceeded expectations. At the same time, the import and export of machinery products also showed an increase in cumulative surplus and an increase in total import and export volume.

According to customs statistics, from January to October 2010, the machinery industry realized a total import and export volume of 414.78 billion US dollars, accounting for 17.33% of the country's import and export trade, an increase of 37.81%, which is 1.51 percentage points higher than the national import and export growth. Among them, exports were 209.762 billion US dollars, up 33.41% year-on-year; imports were 20.506 billion US dollars, up 42.61% year-on-year; the cumulative import and export trade surplus of machinery industry was 4.736 billion US dollars.

In October, the machinery industry achieved a total import and export volume of US$41.426 billion, a year-on-year increase of 29.01%. Among them, exports were US$21.502 billion, up 25.91% year-on-year; imports were US$19.924 billion, up 32.59% year-on-year; and the import and export trade surplus was US$1.578 billion. Compared with September, although the total import and export volume increased slightly (by 0.6 percentage points), the total import and export volume decreased by 5.321 billion US dollars, of which imports decreased by 3.584 billion US dollars and exports decreased by 1.737 billion US dollars.

Cumulative trade surplus increased
From January to October, the industry and machinery industry achieved a total import and export trade surplus of 4.736 billion US dollars, an increase of 1.645 billion US dollars from January to September. From the perspective of the industry, among the 13 aggregate industries of the machinery industry, the cumulative import and export of six industries achieved a trade surplus, with a surplus of US$49.968 billion, of which the electrical, petrochemical and cultural industries all exceeded US$10 billion, ranking the top three. The total import and export trade deficit of the seven industries, including automobiles, totaled 44.432 billion US dollars, of which the automobile industry reached 13.727 billion US dollars, accounting for 30.89% of the total deficit. Although the cumulative import growth rate was narrowed by 10 percentage points from January to September, it still It reached 86.25%, ranking first in all industries.

Guangdong and other five provinces and cities accounted for more than 70% of imports and exports
From January to October, among the 31 provinces and cities, there were 9 provinces and cities including Beijing, Tianjin, Liaoning, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, and Guangdong, with imports and exports exceeding US$10 billion, including Guangdong, Jiangsu, and Shanghai. The import and export volume of the five provinces of Beijing and Zhejiang reached 296.448 billion US dollars, accounting for 71.47% of the national machinery industry import and export volume. Specifically, Guangdong's total import and export volume reached US$98.88 billion, up 37.61 year-on-year; the following order was: Jiangsu 63.432 billion US dollars, up 45.64%; Shanghai 56.194 billion US dollars, up 39.36%; Beijing 42.855 billion US dollars, up 32.51%; Zhejiang 34.98 billion US dollars, an increase of 39.01%.

In terms of cumulative growth rate, imports have doubled year-on-year: Tibet's growth of 183.86%, Shanxi's growth of 162.45%, Ningxia's growth of 146.15%, and Anhui's growth of 115.93%. The top three provinces with the largest year-on-year growth in exports were: 111.27% in Qinghai, 93.37% in Tibet, and 89.17% in Ningxia.

Bilateral trade growth rate for major trading partners
From January to October, among the major trading partners of the machinery industry, the bilateral trade volume with the EU totaled 102.732 billion US dollars, up 36.09% year-on-year, down 2.06 percentage points from the previous month; the total trade volume with Japan was 77.377 billion US dollars. The year-on-year growth was 49.73%, down 1.21 percentage points from the previous month; the total import and export trade to the United States reached 50.715 billion US dollars, up 31.21% year-on-year, down 0.65 percentage points from the previous month; the total import and export trade to Germany reached 46.283 billion US dollars. It increased by 41.75% year-on-year, down 2.95 percentage points from the previous month. From the perspective of year-on-year growth rate, the fastest growth in bilateral trade is still Belarus, which is 2.2 times.

From January to October, the three countries and regions with the largest surplus in the import and export trade of machinery industry were: China's Hong Kong, 20.236 billion US dollars, the United States 15.593 billion US dollars and India's 8.544 billion US dollars. The three countries with the largest deficit in import and export trade were: Japan's 40.912 billion US dollars, Germany's 30.14 billion US dollars and South Korea's 10.284 billion US dollars.

General trade and processing trade slowed down year-on-year
From January to October, the total import and export volume of general trade was 239.038 billion US dollars, the trade volume accounted for 57.63% of the industry, an increase of 47.66% over the same period of last year, 1.77 percentage points lower than that of January-September, and the bilateral trade deficit was 210.29 billion US dollars; The total volume of imports and exports was US$128.06 billion, and the proportion of trade was 30.73%, up 29.11% year-on-year. It was 1.62 percentage points lower than that in January-September, and the bilateral trade surplus was US$40.637 billion.

From the perspective of imports, the total import of general trade reached US$10.034 billion, up 53.36% year-on-year, down 2.51 percentage points from the previous month; the total import value of processing trade was US$436.85 billion, up 29.62% year-on-year, down 1.8 percentage points from the previous month.

From the export observation, the total export volume of general trade was 109.05 billion US dollars, up 41.4% year-on-year, down 0.97 percentage points from the previous month; the cumulative export of processing trade was 84.322 billion US dollars, up 28.85% year-on-year, down 1.53 percentage points from the previous month.

Private and foreign-funded enterprises' import and export growth rate narrowed
From January to October, state-owned, private and foreign-funded enterprises realized import and export totals of 73.404 billion US dollars, 85.767 billion US dollars and 255.706 billion US dollars, an increase of 13.19%, 44.30% and 44.66%, compared with the growth rate from January to September. The enterprises were basically flat, and private and foreign-funded enterprises narrowed by 0.75 and 1.71 percentage points respectively. The trade deficit of state-owned enterprises was 2.592 billion US dollars, a decrease of 478 million US dollars from the previous month; the trade deficit of foreign-funded enterprises was 25.248 billion US dollars, an increase of 2.094 billion US dollars from the previous month; the trade surplus of private enterprises was 32.576 billion US dollars, an increase of 32.62 over the previous month. One hundred million U.S. dollars.

The scale of import and export trade of automobiles and their parts still tops the list
From January to October, among the 92 major import and export products that the machinery industry mainly counted, there were 65 kinds of products with a cumulative increase in imports year-on-year, and 81 products with a cumulative increase in exports year-on-year. Among them, the five most imported products are: automobile (including complete sets of parts), auto parts, small cars (including complete sets of parts), four-wheel drive light off-road vehicles (including complete sets of parts) and low-voltage electrical appliances. The five most exported products are automotive parts, wire and cable, low-voltage electrical appliances, cameras and digital cameras.

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