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China's low-voltage electrical products import and export growth rate doubled, the international trade situation is grim
Industry news   /   2018-09-05 17:20:00

Polaris Smart Grid Online News: From 2008 to the first half of 2016, the import and export of low-voltage electrical products in China was stable, and the trade deficit has been decreasing year by year since 2010. In 2015 and the first half of 2016, the trade deficit was 390 million US dollars and the surplus was 0.4 billion US dollars. It can be seen that the international competitiveness of China's low-voltage electrical products has gradually increased in 2016, but in the first half of the year, China's foreign trade continued the “double down” trend of imports and exports in 2015, and the international trade situation of low-voltage electrical appliances is very serious.

Import and export growth rate double drop

In the first half of the year, China's total imports of low-voltage electrical products reached US$6.28 billion. Due to the high base last year, the year-on-year decline was 9.3%. On the export side, exports in the first half of 2016 continued to decline last year, with exports amounting to US$6.33 billion, a slight decrease of 4.7% year-on-year.

At present, domestically produced medium and low-end low-voltage electrical appliances basically occupy most of the domestic market. In addition to the fact that few high-end low-voltage electrical products can compete with similar foreign products, most domestic high-end products are still occupied by foreign companies. Product share is still low. In the first half of the year, the main products of China's low-voltage electrical appliances exports were connectors (voltage 36V), with an export value of 1.6 billion US dollars, accounting for 25.4% of total exports. In addition, the import price of most products is higher than the export price, in which the price of imported connectors for optical fiber is 348.09 US dollars, while the price of exporting such products in China is only 29.95 US dollars, indicating that China's exports are still dominated by low-priced low-end products. The international competitiveness of high-end products still needs to be improved.

China's low-voltage electrical appliances imports mainly from the Asian market, accounting for 74.3%, the European market accounted for 16.9%, the North American market accounted for 5.8%; the major Asian importers are Japan (24.1%), South Korea (8.2%); Europe's major importers It is Germany (10.2%); the main importer of North America is the United States (5.7%).

China's low-voltage electrical exports are mainly in the three major markets of Asia, Europe and North America, and about 90% of exports are occupied by these three major markets. The exports of these three major markets accounted for 59.5%, 14.6% and 15.1% respectively in the first half of the year, and exports decreased by 5%, 7.9% and 3.1% respectively. The major exporting countries and regions in Asia accounted for 27.3% of Hong Kong, 6.4% of Japan, and 3.8% of South Korea; the major European exporters were Germany, the United Kingdom and France; and the major exporters of North America were 14.3%.

It is worth mentioning that in the first half of the year, China's exports of low-voltage electrical appliances to Germany, the United Kingdom, India and other countries showed a relatively obvious growth, indicating that China's low-voltage electrical appliances have achieved certain results in the development of traditional and emerging international markets.

Customs statistics show that in the first half of the year, China's imports of low-voltage electrical products from Japan and South Korea fell by 13.6% and 2.8% respectively. China's imports of low-voltage electrical products exceeded 30% from Japan and South Korea. The main factor is that the electrical and electronic manufacturers in Japan and South Korea have established processing bases in the country, produced with low-cost domestic labor, and then re-exported and sold back to the domestic market at high prices. In addition, more than 36% of our products are re-imported for export.

Feed processing trade exports have not added value

In the first half of China's low-voltage electrical appliance import trade, general trade accounted for 38.8%; processing trade accounted for 42.6%, a year-on-year decrease of 17.4%, a sharp decline compared with the same period last year. Processing trade is mainly divided into feed processing trade and incoming processing and assembly trade. Customs statistics show that China's low-voltage electrical industry is dominated by feed processing trade. In the first half of the year, imports amounted to 2.45 billion US dollars, accounting for 39.1% of all imports.

In the first half of the year, general trade in low-voltage electrical appliances accounted for 50.2% of the total trade, up 2.7% year-on-year; processing trade exports accounted for 38.3%, a slight decrease of 10.6% year-on-year, of which feed processing trade exports accounted for 36.8%. The processing trade method of import processing and finished products exported by the operating enterprises is still the biggest feature of China's low-voltage electrical appliance industry; however, the general trade growth rate is relatively fast, it can be seen that the manufacturing level of China's low-voltage electrical appliances and the speed of international competitiveness are increasing. accelerate.

According to the data of the market analysis and analysis report of the low-voltage electrical industry, the import volume of processing trade in the first half of the year reached 2.45 billion US dollars, while the export value of processing trade in the same period was 2.42 billion US dollars. This shows that the import of low-voltage electrical appliances by means of feed processing trade, after further processing and re-export by our processing trade enterprises, there is no increase in value, but it has also decreased by about US$30 million. This is also the main reason for the trade deficit of low-voltage electrical products in China. one.

Original title: China's low-voltage electrical products import and export growth rate double drop


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