China's export of ship equipment has greatly reduced

In the situation where the export value of ships continues to decline at a relatively large scale, the import and export volume of shipbuilding equipment in China will drastically decrease accordingly. According to customs statistics, from January to August, China’s total import and export of ship equipment was US$4.312 billion, a year-on-year decrease of 11.8%. Among them, exports amounted to 1.8 billion U.S. dollars, a year-on-year decrease of 8.4%; imports amounted to 2.51 billion U.S. dollars, a year-on-year decrease of 14%.

In August, the export value of China's ship equipment was 220 million U.S. dollars, a year-on-year decrease of 12.8%, a decrease of 26 million U.S. dollars; the import volume was 286 million U.S. dollars, a year-on-year decrease of 25.6%, and a month-on-month decrease of 95 million U.S. dollars, which was the amount of imports since May of this year. The lowest month. It is expected that in the coming period of time, the import value will maintain a large year-on-year decline, and the export value will continue to maintain a slight decline year-on-year.

Radar and radio navigation equipment parts are the most important products in the export products of ship equipment. From January to August, exports of radar and radio navigation equipment components ranked first, at US$445 million, accounting for 24.7% of total exports, a year-on-year decrease of 1.5%; other welded chain exports ranked second, at 200 million. The US dollar fell 14.8% year-on-year; the number of portal cranes and seated jib cranes ranked third, at US$178 million, a decrease of 21.2% year-on-year.

Asia is the most important market for China's ship equipment exports, and the amount of products exported to Europe has increased significantly. From January to August, China exported ship supporting equipment to 184 countries and regions on six continents. Among them, the highest amount of exports to Asia was 923 million U.S. dollars, accounting for 51.3% of the total exports, and the amount was down 20.6% year-on-year; followed by the amount of exports to Europe, 358 million U.S. dollars, up 7.8% year-on-year; exports to North America The amount came in third place, at US$249 million, a decrease of 6.3% year-on-year. Of the five destinations with exports exceeding US$100 million, the largest increase in exports was Singapore, which was 18.5%.

Processing trade is the most important trade method for the export of ship fitting equipment in China. From January to August, China’s export-shipping equipment was the highest in terms of processing trade, at US$911 million, accounting for 50.5% of total exports, and a year-on-year decrease of 9.6%; the amount of exports by general trade was US$796 million, accounting for total exports. 44.2% of the year-on-year decrease of 9.7% compared with the same period of last year; the amount of exports of foreign trade by contracted projects was 3,461,700 US dollars, an increase of 100% year-on-year.

Jiangsu and Guangdong are the most important provinces in the export of ship equipments in the country, and the export volume of the two provinces exceeds 55% of the total export volume. From January to August, Jiangsu, Guangdong, and Shanghai ranked among the top three among the provinces, regions, and municipalities that exported ship fitting equipment. Among them, Jiangsu's exports amounted to 630 million U.S. dollars, accounting for 35% of the total export value, and the amount decreased by 4.9% year-on-year; Guangdong's export value was 382 million U.S. dollars, down 0.4% year-on-year; Shanghai's export volume was 263 million U.S. dollars, down 6 percent year-on-year. %. In addition, the export amount of Shandong Province is US$161 million. Among these four provinces and cities, Guangdong Province has the smallest year-on-year decline.

The import amount of marine diesel engines dropped by more than 30% year-on-year. From January to August, the largest amount of marine equipment imported from China was marine diesel engines, which amounted to US$771 million, accounting for 30.7% of total imports, a year-on-year decrease of 32.8%; imports of radar and navigation equipment parts amounted to US$644 million, a year-on-year increase. 12.6%; Import volume of marine propulsion and blades was US$355 million, a year-on-year decrease of 3.5%.

Asia is the most important market for China's ship equipment imports. The amount of equipment imported from North America has increased by more than 10% year-on-year. From January to August, China imported ship fitting equipment from 60 countries and regions. Among them, the largest amount imported from Asia was US$1.312 billion, accounting for 52.3% of total imports, which was a decrease of 4.5% year-on-year; the amount imported from North America was US$209 million, a year-on-year increase of 10.6%. Six countries and regions have imported more than US$100 million in the first eight months. Among them, the amount of imports from South Korea saw the largest year-on-year drop of 43%.