13 years export of instrument products 25.37 billion US dollars

13 years export of instrument products 25.37 billion US dollars

Since the second half of 2013, China’s export of instrumentation products has stabilized, and due to the limited market size of the instrumentation industry, it is expected that the export growth will remain stable. The annual export will exceed US$26 billion, an increase of about 5%; the increase in imports will still be lower than exports. The increase rate is 3%~5%, and the import value is about 44 billion US dollars.

According to customs statistics, in 2013 China's total export of instrumental products was 25.37 billion U.S. dollars, an increase of 6.2% year-on-year; imports were 42.29 billion U.S. dollars, an increase of 3.8% year-on-year.

Since 2001, the import and export of instrument and instrument products in China has maintained rapid and steady growth. It was only affected by the impact of the international financial crisis in 2009. After a rapid and temporary recovery in 2010 and 2011, it has gradually become In the doldrums.

China's instrumentation products have long been in a deficit state of import and export trade. Since 2001, the trade deficit has continued to expand, and before 2006, the deficits exceeded the export value. However, since 2005, export growth has gradually begun to exceed the increase in imports. The increase in the trade deficit has gradually narrowed and the deficit has been exceeded by the amount of exports. The trade deficit reached a maximum of US$17.16 billion in 2011 and then began to decline.

On the export front, after a brief period of growth at the beginning of the year in the first half of the year, the overall performance was sluggish, and the growth rate remained stable in the second half of the year; on the import side, the monthly increase fluctuated considerably. In the year, imports and exports increased slightly, and export growth continued to be higher than the increase in imports.

Instrumentation products are mainly divided into 12 categories. In terms of exports, industrial automation systems and devices, optical instruments, and medical instruments are the most important product categories. Faster export growth includes industrial automation systems and devices (18.1%), electrical instrumentation (11.1%), and experimental analysis. Instruments (14.6%) and Weighing Instruments (10.2%). Only metering instrument exports fell year-on-year.

Industrial automatic control systems and devices, laboratory analysis instruments, medical instruments, optical instruments, and electronic measuring instruments are the main imported product categories. Faster imports include optical instruments (20.9%), laboratory analysis instruments (15.8%), and medical care. In the instrument (7.1%), the imports of other product categories have declined to varying degrees.

China's instrumentation products are only in surplus in the import and export trade of measuring instruments, weighing instruments, drawing calculations, and measuring instruments with relatively low technological content. The rest of the products are in a trade deficit, especially industrial automation systems with high technical content. The trade deficit with devices, electronic measuring instruments and medical instruments was the largest.

Asia is the major export market for instrumentation products in China, accounting for more than half, followed by Europe and North America (mainly the United States), with exports accounting for 19% of the total, and export growth to the three major markets has also exceeded average export growth. In addition, exports to Africa, Latin America and Oceania have fallen, especially to Africa.

The United States is China’s largest import and export market for instrumentation products. In 2013, it exported US$6.44 billion, accounting for 18.3%, up 8.3% year-on-year; import from the US was US$8.8 billion, accounting for 20.8%, up 9.2% year-on-year. Among the large export markets, the only ones that experienced a decline in Japan’s exports were Japan’s, Singapore’s, Germany’s, Holland’s, and India’s, with growth rates of 36.2%, 15.7%, 15.5%, 11.7%, and 10.5%, respectively.

China's imports of instrumentation products from Asia accounted for 45.7%, imports from Europe accounted for 32%, imports from North America accounted for 21.5%, but the import growth from the above areas is relatively small, especially since the Asian import increased by only 0.7% year on year. The faster regions are mainly Africa, the Middle East, and Eastern Europe. The main reason is that the base of imports from these regions is relatively small, and fluctuations in the growth rate are more pronounced.

Except for the United States, the main importing countries and regions are Japan, Germany, South Korea, and Taiwan Provinces, but only imports from Taiwan Province and South Korea have increased rapidly, at 14.9% and 12.1%, respectively. Imports from Germany and Japan increased by 3.7% respectively. And dropped 8.7%.

China’s exports accounted for the largest proportion by means of general trade, reaching 44.8%, with a growth rate of 9.5%; exports through processing trade accounted for 44.4%, with a growth rate of 3.6%; processing trade was dominated by feed processing, accounting for 41%, an increase of 5.1%.

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