Outlook for import and export of machine tool industry in 2011

According to customs statistics, in 2010 China's machinery industry import and export totaled 513.83 billion US dollars, an increase of 36.39%. Among them, imports were 255.347 billion US dollars, up 41.14% year-on-year; exports were 258.48 billion US dollars, up 32% year-on-year. The trade surplus of import and export was 3.136 billion US dollars (according to the statistics of China Machinery Industry Federation, the same below). Import and Export Analysis of Machine Tool Industry in 2010 In 2010, the import and export of China's machine tool industry reached US$21.563 billion, a year-on-year increase of 57.6%. Among them, imports were 15.927 billion US dollars, up 66.73% year-on-year; exports were 5.636 billion US dollars, up 36.49% year-on-year. The import and export deficit was 10.291 billion US dollars. The import of metal processing machine tools was 97,800 units, with a total amount of 9.367 billion US dollars, an increase of 59.78% over the same period of last year; the export was 4,835,500 units (including grinders, bench drills, polishing machines, etc.), with a total amount of 1.768 billion US dollars, an increase of 31.07%. 2010 metal processing machine tool import and export data 2011 Import and Export of Machine Tool Industry Outlook In 2011, the world economy will be in the recovery stage after the financial crisis, and the economic growth rate will gradually recover. According to the International Monetary Fund, the GDP of developed economies will increase by about 2.4% in 2011, and the GDP of developing countries will increase by about 6.6%. It is expected that the international market demand will increase, especially the expansion of economic and technological cooperation between China and emerging economies and developing countries, the establishment of free trade zones with the six ASEAN countries, and the signing of free trade zones with Chile, Peru, Singapore and other countries. Factors such as agreement, the international economic environment in 2011 is conducive to the steady and rapid development of foreign trade in China's machine tool industry. However, due to the lack of momentum in the recovery of the world economy, many deep-seated contradictions and problems remain to be resolved. Coupled with the impact of the European sovereign debt crisis, the US economy is weak and the uncertainty of economic development is increasing. At the same time, the supply and demand of resource products in the international market are still tight, some raw material prices may rise, and the appreciation of the RMB exchange rate and the increase in labor costs in China will all increase the export cost of machine tools. What needs special attention is that in the economic downturn, trade protectionism in various countries will continue to emerge. These will have an adverse impact on the expansion of China's machine tool industry. The main objectives of the Fifth Plenary Session of the Seventeenth Five-Year Plan on the economic and social development of the "Twelfth Five-Year Plan" pointed out that "the economy should develop steadily and rapidly", "the strategic adjustment of the economic structure has made significant progress", and "the income of urban and rural residents has generally increased rapidly" . The machine tool industry is facing an important task of adjusting the economic structure and transforming the development mode. It is necessary to vigorously develop new strategic industries, develop high-end CNC machine tools and their functional components, automated complete production lines, and intelligent control systems. With the adjustment of industrial structure, the product structure is gradually optimized, and the import and export structure of machine tools will also change. Based on the above analysis, it is expected that the import and export of machine tool industry will continue to grow in 2011, and the structure of import and export products will be improved. On the import side, the proportion of imports of heavy-duty machine tools and expensive machine tools may continue to decline, and the import of key components required for domestic enterprises to develop high-end machine tools and large-duty machine tools will increase. In terms of exports, in addition to a small number of high-end and large-duty machine tools, there may be breakthroughs in the international market, low-end CNC machine tools, high-quality ordinary machine tools suitable for users' needs, as well as metal cutting tools and abrasive tools, forging and stamping tools, machine tool accessories. Wait, it will still be welcomed by the international market and users.  

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