It will take several quarters for China's exports

2022-08-08
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China's export recovery of mechanical and electrical products still needs several quarters

China's export recovery of mechanical and electrical products still needs several quarters

China Construction machinery information

Guide: Chen Deming, head of the Ministry of Commerce, who is investigating the 105th China Import and Export Commodities Fair (Canton Fair), said on the 16th that China's export recovery of mechanical and electrical products still needs several quarters. According to the data previously released by the Chinese customs, the export of mechanical and electrical products, which currently account for 60% of China's exports, has declined

Chen Deming, Minister of Commerce, who is investigating the 105th China Import and Export Commodities Fair (Canton Fair) in Guangzhou, said on the 16th that the recovery of China's exports of mechanical and electrical products will take several quarters

according to the data previously released by China Customs, the export of mechanical and electrical products, which currently account for 60% of China's exports, fell faster than that of labor-intensive products. In March, the export of mechanical and electrical products fell by 18.8% year-on-year, which became the main factor directly affecting the decline of overall exports

according to the classification of trade, the development level of electromechanical products, including household industry, is actually not high, with electrical appliances, industrial machinery, automobiles and other products

On the 16th, the National Bureau of statistics released various data on China's economic operation in the first quarter. Among them, exports were 245.5 billion US dollars, down 19.7%

"broken down by trade structure, the export of labor-intensive products has not declined much, mainly mechanical and electrical products have fallen more", Chen Deming said, "the export recovery of mechanical and electrical products will take at least a few quarters."

Chen Deming said that since mechanical and electrical products are not the rigid demand of foreign customers, but are closely related to the economic situation of importing countries, the recovery of mechanical and electrical products exports may still need to wait a long time

"spec improving the energy utilization efficiency of the plastic granulator process and preventing and controlling environmental pollution are complementary. The use of tra shield materials has greatly improved the bulletproof performance of bulletproof plates. The diesel generator sets produced by our company are mainly exported to African and Middle Eastern countries. Since the second half of last year, the export volume has decreased by more than 20%." Zhang Xiaoli, a business representative of Guangdong Dongguan Kangling Power Technology Co., Ltd., said, "I don't think the situation in the first half of this year is very optimistic. Let's see whether the foreign trade situation can improve in the last few months of this year."

Zhang Yujing, President of the China Chamber of Commerce for import and export of mechanical and electrical products, believes that it is unlikely that China's foreign trade will deteriorate further due to the financial storm in March and April this year, but it will take at least two to three years for the previous purchase demand to fully recover

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