October China's plastic machine exports dropped significantly 13.9%

Abstract: In September, the amount of import and export of plastic machinery in China dropped by a ring after both the ring and the ring, the amount of import and export in October further increased the drop, especially the drop in export from September 2% to 13.9% .In October, the import drop expanded by 0.6 A percentage point to 10.1% .Thanks to the significant drop in exports, the monthly trade surplus dropped 31.9%.

In October 2017, the amount of plastic presses imported into China was 148.57 million U.S. dollars, up 73.4% over the same period of last year, down 10.1% from the previous month and 1613 sets from the previous year, up by 16.9% from the same period of last year and up 41.1% from the previous month.

In October, the export volume of presses in China was 172.66 million U.S. dollars, up 9.0% over the same period of last year and down 13.9% from the previous month. The export volume was 116,672 sets, an increase of 61.7% over the same period of last year and 34.7% from the previous month.

In October, the import and export trade surplus of China presses was USD23.91 million, a year-on-year decrease of 67% and a decrease of 31.9% from the previous quarter.

Product statistics

The data in Exhibit 1 shows that in terms of imports, the five major types of presses have all increased over the same period of the previous year. In particular, the amount of extruders increased 246.1% over the same period of last year.

Chart 1 October 2017 China presses import statistics by product

(Unit: million US dollars, Taiwan)

From the chart 2, in terms of exports, the three major categories of products, except for vacuum molding machines and other thermoforming machines, other molding machines and forming machines, all showed year-on-year increases, with the highest increase of extruders being 49.1%.

Chart 2 October 2017 China presses export sub-product statistics

(Unit: million US dollars, Taiwan)

The data in Exhibit 3 shows that in October the import and export trade balance of China's plastic machinery was USD23.91 million, a decrease of 67.0% from the USD72.52 million last October, representing a decrease of 31.9 points from the USD35.11 million surplus in September %.

The year-on-year increase in imports (73.4%) was much larger than the increase in exports (9.0%), resulting in a sharp decline in the year-on-year trade surplus. The decline in ring imports (10.1%) was smaller than that in exports (13.9%), resulting in a sharp decline in the ring trade surplus.

Chart 3 October 2017 China presses sub-product trade balance statistics

(Unit: million US dollars)

Sub-national / regional statistics

Exhibit 4 shows that Germany topped the top 10 countries / regions in China in October with a substantial increase of 104.8% over the same period last year and an increase of 72.8% from the previous month's 29,190,000 U.S. dollars. In October, Machine total amount of 33.9%, followed by Japan accounted for 31.9%.

Chart 4 October 2017 Top 10 national or regional statistics on the import of presses in China

(Unit: USD, Taiwan)

Exhibit 5 shows that in the United States and Vietnam, the first two countries exported the most plastic presses in China, the amount of presses exported to the United States increased by 19.0% from a year earlier and by 6.7% compared with the previous month; Vietnam grew by 14.1% and decreased by 20.8% compared with the same period of last year. The largest country, huge market size, and the continuous push forward the return to manufacturing strategy in the United States, I believe the United States in the future the demand for plastic machinery in China is bound to become larger and larger.

In October, the total export volume of China's top ten presses by plastic presses exceeded 65.1% of the total export volume of plastic presses in China in this month. Among the fifteen countries / regions, Turkey and Japan recorded astounding year-on-year increases of 160.6% and 397.6%.

Chart 5 October 2017 China Top 10 Country / Region Statistics for Plastic Machinery Export

(Unit: USD, Taiwan)

Note: The chart data are from China Customs

2016 GoodChinaBrand | ICP: 12011751 | China Exports