Machine Substitutions Inspire The Market To Meet The Opportunity

- Nov 05, 2018-

Machine substitutions inspire the market to meet the opportunity

Last month's single month exports hit a new monthly high

According to statistics, in December 2015, the city's total import and export value was 12.049 billion yuan, an increase of 5.75%. Among them, exports were 10.959 billion yuan, up 10.66% year-on-year, and returned to positive values for the first time since February last year; imports were 1.09 billion yuan, down 26.91% year-on-year. At the same time that exports achieved positive growth in December last year, it also hit a new monthly export since September 2014.

From the single-month export situation in December last year, in addition to luggage, mechanical and electrical products, footwear and other major export commodities have achieved positive growth. Relevant persons from Wenzhou Customs said that from the export data, they are almost at the peak level of annual exports.

"This is affected by the depreciation of the renminbi, but more importantly, it is still close to the Spring Festival. Enterprises arrange for advance shipments to drive export data." Wenzhou Customs officials said that through the investigation of some industries in the early stage, some enterprises have a holiday time this year. In the past year, the holiday was about half a month ahead of schedule. Many factories chose to complete the order production in advance and ship it before the holiday. “However, the monthly data is more of a monthly phenomenon, which is difficult to reflect the overall trend.”

Closer to the Korean industry

From the customs data, from January to December last year, the top 10 export commodities only increased the export of glasses, with an annual export of 5.44 billion yuan, a year-on-year increase of 5.42%; the rest showed a downward trend, and the decline of shoes, clothing, bags and valves were all More than 10%.

In terms of export markets, exports to the United States, ASEAN, Canada, and Taiwan continued to grow. among them. Exports to the United States were 15.845 billion yuan, up 6% year-on-year; exports to ASEAN were 7.681 billion yuan, up 5.15% year-on-year; exports to Canada were 1.618 billion yuan, up 5.8% year-on-year; exports to Taiwan were 707 million yuan, up 9.77% year-on-year. During the same period, exports to the EU and Russia declined significantly, down 7.69% and 32.38% respectively. In addition, the export value of the countries along the Belt and Road route exceeded 37.726 billion yuan, a year-on-year decrease of 10.93%, but the proportion still accounted for 35.53% of the total import and export value of Wenzhou City during the same period.

Benefit from further encryption of industrial exchanges between Wenzhou and South Korea. According to statistics, from October to December last year, Wenzhou's exports to South Korea were 209 million yuan, 229 million yuan, and 190 million yuan, up 26.71%, 43.71% and 6.2% respectively. During the same period, exports to Australia were slightly improved, with 153 million yuan, 160 million yuan and 132 million yuan respectively.

The relevant person in charge of Wenzhou Customs said that with the entry into force of the China-South Korea and China-Australia FTA, the tariffs on related commodities will gradually decrease, and it is believed that the trade between the two places will be closer.

Machine substitutions to promote the import of mechanical and electrical products

In terms of imports, ferroalloys, raw horse skins, primary shape plastics, and logs are still the main imported goods. The import volume of these four items accounts for more than 70% of the total of the top ten imported goods. In addition, the city's annual import of alcohol 418 million yuan, an increase of 91.77%, of which, beer imports of 222 million yuan, an increase of 3.2 times; wine imports of 196 million yuan, an increase of 18.52%.

It is worth mentioning that, thanks to the promotion of the “machine substitution” policy in our city, the import of mechanical and electrical products in our city in 2015 was 925 million yuan, a year-on-year increase of 12.68%. Taking textile fabrics and garment manufacturing as an example, the import volume of textile fiber pretreatment machines and textile yarn machines is more than 100 million yuan; it is mainly used for the import of printing machines, printers, copiers and fax machines in the printing industry. It is 6646.48 million yuan; the import of appliances and machines used in the electrical and electronic instrument industry, contour projectors, etc. reached 54.297 million yuan.

The reporter learned from Huanyu Group that last year the company invested more than 7 million yuan in technological transformation, of which only 2 million yuan were imported mechanical and electrical accessories. The relevant person in charge of the Jindi Group introduced that some mechanical and electrical equipment were imported from Italy and other places last year. “As some foreign-funded enterprises began to distribute in China, it also facilitated the introduction and maintenance of mechanical and electrical equipment.”

“By visiting traditional export industries such as shoes, clothing and glasses, more and more companies have realized the importance of 'machine substitution' to improve the overall competitiveness of the industry. This is evident in the import of mechanical and electrical products.” Relevant persons from Wenzhou Customs said that by introducing advanced equipment and technology to achieve product innovation and technological improvement, they can help enterprises win more orders. "Enterprises insist on increasing the intensity of transformation, and I believe that the next step will greatly promote exports."

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