Analysis on the import and export situation of Chi

2022-08-09
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Analysis of the import and export situation of China's machinery products in 2004

analysis of the import and export situation of China's machinery products in 2004

China Construction machinery information

Guide: China's foreign trade import and export continued to maintain rapid growth in 2003. From January to October, the total import and export volume of China was 682.3 billion US dollars, an increase of 36.4% over the same period of last year (the same below). Among them, the export was 348.6 billion US dollars, an increase of 32.8%; Imports amounted to 333.7 billion US dollars, an increase of 40.4%. It is estimated that the total import and export volume of the whole year will exceed 800 billion US dollars

China's foreign trade import and export continued to grow rapidly in 2003. From January to October, the total import and export volume of China was 682.3 billion US dollars, an increase of 36.4% over the same period of last year (the same below). Among them, the export was 348.6 billion US dollars, an increase of 32.8%; Imports amounted to 333.7 billion US dollars, an increase of 40.4%. It is estimated that the total import and export volume of the whole year will exceed 800 billion US dollars

the total import and export volume of machinery products from January to October was 124.87 billion US dollars (according to the statistical caliber of China Machinery Industry Federation) An increase of 44.6% The growth rate was 8.2 percentage points higher than that of the whole country. Among them, exports were $46.38 billion, an increase of 37.7%, and imports were $78.49 billion, an increase of 49.5%. Both exports and imports have exceeded the level of the previous year. It is expected that the total import and export volume of the whole year is expected to exceed 150billion US dollars

the main characteristics of the development of import and export of machinery products are: first, the growth rate of import and export of general trade is higher than that of processing trade; Second, foreign investors and private enterprises have developed rapidly due to improper oil use; Third, the development with major trading partners is in good condition. The exports to the United States, Europe, Hong Kong and Japan and the imports from Japan, Taiwan, China, South Korea and Germany account for more than 65% of the total exports and imports of mechanical products. Fourth, the imports and exports of instrumentation, construction machinery and automobile industries increased by more than 75% over the same period last year, with a rapid growth rate

the reasons for the rapid growth of machinery exports are: first, the world economy and international trade have increased to a certain extent; Second, the positive effect of China's accession to the WTO; Third, the implementation of measures such as diversifying the export market, expanding the foreign trade business qualifications of enterprises, and maintaining the continuity of foreign trade export policies; Fourth, the depreciation of the US dollar has enhanced the competitiveness of our goods

the reasons for the rapid growth of imports of mechanical products are: first, China's economy is growing rapidly, the growth rate of fixed asset investment is fast, and the people's consumption level is improving; Second, import tariffs fell and non-tariff measures for some goods were abolished; Third, the increase of foreign investment has promoted imports

the existing problems are: first, low-cost export competition, disrupting wars, resulting in trade disputes; second, international trade protectionism is on the rise, and foreign anti-dumping and technical barriers to China are gradually increasing

II. Analysis of machinery foreign trade environment in 2004

favorable conditions for expanding the export of machinery products in 2004:

1. The international economic and trade environment in 2004 will continue to show a growing trend. According to the prediction of the world bank, the world economy will grow by 3.2% and the trade volume will grow by 8.1% in 2004. The economic development trend of the United States is promising, the economy of Europe is growing moderately, most developing countries are developing to varying degrees, the economy of Russia is developing rapidly, and the economy of central and Eastern Europe shows restorative growth. This feature of the international economic environment provides opportunities for China to expand exports, develop cooperation and utilize foreign capital, and the export of machinery products will continue to grow

2, the positive effects of China's entry into WTO will continue to appear; Fixed asset investment in China's machinery manufacturing industry has increased rapidly, and the use of foreign capital has increased The transfer of international manufacturing industry to China will be accelerated, and a number of mechanical products with high technological content will form production capacity, inject new vitality into the expansion of exports, and promote the improvement of the structure of export products

3. The Chinese government has formulated policies and measures to support the expansion of exports of mechanical and electrical products, especially high-tech products; Expanding the foreign trade self-supporting rights of production enterprises and implementing the foreign trade agency system have created conditions for expanding exports

however, there are also several unfavorable factors for export. First, there are more and more anti-dumping, technical barriers and intellectual property frictions from the United States, the European Union and other countries, which will affect the export of our products; The second is the decline of China's export tax rebate rate. Except for a few mechanical products, the export tax rebate rate remained at 17%, and most products fell to 13%, a decrease of 4 percentage points. Among the more than 60 kinds of products with exports of more than US $100million, the export tax rebate rate of 10 kinds of products, including electric tools, hydraulic jack items, some auto parts and small horsepower diesel engines, remained unchanged at 17%, while other products fell by 4 percentage points. Will affect enterprise profits or production costs. Thirdly, some export products competed disorderly and pressed prices. Some products have quality and after-sales service problems, affecting exports

according to the above analysis, the export will continue to grow in 2004, and the data transmission will be stable and reliable, but the growth rate will be lower than that in 2003

in 2004, the import of machinery products will continue to grow at a high speed, because:

1. China's economy continues to maintain rapid growth, the investment in fixed assets has far exceeded that of western developed countries and Japan, and the use of foreign capital will continue to grow, and the domestic demand for machinery and equipment is strong

2. China's import tariffs continue to decline, with passenger cars with an exhaust capacity of 3 liters or less falling from 38.2% in 2003 to 34.2%, and cars with an exhaust capacity of more than 3 liters from 43% to 37.6%, with a significant decline: the non-tariff measures for some products have been cancelled (that is, the import quota licenses for passenger cars with 30 seats or more, all kinds of trucks and special vehicles, and the key parts and components of these vehicles have been cancelled), The import quotas of small cars (including small passenger cars with 9 seats and less, off-road vehicles, minivans) and their complete sets of spare parts and passenger cars with 29 seats and less increased

3. From January 1, 2004, according to the closer economic and trade relationship arrangement between the mainland and Hong Kong, the mainland will implement zero tariff on some mechanical products imported from Hong Kong (mainly molds, ball bearings, resistance welding machines, numerical control systems, nickel cadmium batteries, camera auto focusing components and shutter components and their parts, see the annex for details)

4. The pressure of RMB exchange rate appreciation is great. If it appreciates, it will reduce import costs and promote imports

III. measures and suggestions for import and export trade

1. Optimize the structure and expand the export of products with high technical content

make full use of the favorable conditions for expanding export and adjust the structure of export products. In addition to continuing to consolidate and expand the export of advantageous products, vigorously develop the export of products with high technological content, such as CNC machine tools, machining centers, modular machine tools, automobiles, tractors and their key parts, loaders, bulldozers and other construction machinery: continuous casters, rolling mills, diesel generator sets, complete sets of power generation equipment and power transmission and transformation equipment, and cultivate a number of new export growth points

2. Explore the international market and develop international cooperation

further adhesive means to further promote market diversification through bonding. On the one hand, we will continue to strengthen the in-depth development of the markets of major trading partners such as the United States, the European Union, Japan and ASEAN, and expand the variety and quantity of exports; On the other hand, we should actively explore the Middle East African and Latin American markets Develop various forms of economic and technological cooperation, including promoting exports through foreign aid projects, joint ventures and cooperative projects; Expand exports to South Korea, Russia and Taiwan, China, and strive to reduce the trade deficit; Further develop trade and cooperation with central and Eastern European countries

3. Production enterprises should make full use of their foreign trade self-supporting rights, vigorously expand self-supporting exports, strive to reduce export costs, and mitigate the impact of the reform of export tax rebate mechanism and the decline of tax rebate rate. Close cooperation with professional foreign trade companies, implement the agency system, and gradually reduce the proportion of the acquisition system. Establish maintenance service and spare parts supply points in regions with large export volume, and establish distribution networks overseas. Qualified enterprises can set up factories or invest and cooperate abroad

4. Further improve various policies to encourage exports

give full play to the role of export credit insurance to support development funds. We will speed up the progress of tax rebates and implement full interest discounts for the accumulated tax rebates owed by enterprises by the central government. Further implement the policy of "exemption, credit and refund" for production enterprises, reduce the links of tax rebate, and strengthen tax management

5. Properly handle trade frictions with relevant countries, break through trade barriers, fully apply WTO rules, and actively respond to anti-dumping in the United States, the European Union and other countries. We should give full play to the role of industry associations and chambers of Commerce, strengthen the response to lawsuits, and do a good job in organizational work

6. Make full use of international resources and do a good job in import work

advanced technology and equipment that are urgently needed at home and cannot be produced or the quality cannot meet the requirements. The import of key supporting parts and important raw materials shall be well organized. Shop around, choose the best, or use open international bidding to choose through competition

7. Establish and improve the import early warning system, strengthen import monitoring, improve the anti-dumping, countervailing and safeguard measures system, and protect the development of domestic industries

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