China's hardware and electrical exports VS total product

The recent increase in operating costs has further squeezed the profitability of enterprises in the electromechanical industry. 77% of corporate profits have fallen, with 44% falling within 10%, 38% falling between 10% and 20%, and 15% falling above 20%. Some home appliance companies report that most of the export orders that have already been received are on the verge of losses due to the increase in operating costs in this round that exceeds expectations. According to the target, during the “Twelfth Five-Year Plan” period, China’s import and export of hardware and electromechanical products will strive to grow faster than GDP and foreign trade, and strive to reach US$2.4 trillion in exports and imports at the end of the “Twelfth Five-Year Plan” period, of which exports will reach 1.4. Trillion dollars. This "opinion" is another guiding document for export of electromechanical products following the issuance of "Several Opinions on Implementing the Strategy for the Import Promotion of Active Electromechanical Products during the Twelfth Five-Year Plan."

During the “Twelfth Five-Year Plan” period, China must speed up the transformation of the export methods of hardware and electromechanical products and support enterprises to obtain international qualification certification. While continuing to stabilize the traditional markets of Europe, America and Japan, it should vigorously develop new markets and promote market diversification; vigorously cultivate its own brands. , to promote product changes from labor-intensive to higher value-added. The Ministry of Commerce will promote the transformation of export enterprises from "shop type" to "marketing type", support the establishment of 100 marketing companies in the 25 industries mentioned above, establish marketing networks overseas, cultivate and recognize 200 export bases and 2,000 base companies, and nurture several Stronger scientific and technological innovation capabilities and independent core technology of multinational hardware and mechanical and electrical enterprise groups.

The Opinions stressed that during the “12th Five-Year Plan” period, we must vigorously adjust the export structure in accordance with the requirements of the scientific development concept, accelerate the cultivation of new advantages in terms of technology, brand, quality, and service as the core competitiveness, and promote the transformation and upgrading of export structures. The programmatic documents that promote the export of hardware and electromechanical products have surfaced. However, the overall outlook for the export situation of enterprises remains optimistic. It is reported that 11 ministries and commissions, including the Ministry of Commerce, the Ministry of Foreign Affairs, and the National Development and Reform Commission, jointly issued the "Opinions on Promoting the Sustainable and Healthy Development of Hardware, Machinery, and Electrical Products Exports during the Twelfth Five-Year Plan".

The data shows that hardware and electromechanical products export accounts for half of China's total export products. China's hardware and electromechanical products have maintained the status of the largest category of export commodities for 16 consecutive years, accounting for 60% of total foreign trade exports, an increase of more than 70%, and export ranks first in the world. Next, the relevant ministries and commissions will also issue two guiding documents, “Guiding Opinions on Promoting the Transformation and Upgrading of Processing Trade” and “Guiding Opinions on Promoting the International Development of Strategic Emerging Industries,” to further clarify the principles for transforming the development mode of hardware and electromechanical products. Policy measures. In addition, the Ministry of Commerce has also organized 25 key industry preparation plans for computers, automobiles, ships, construction machinery, railway equipment, etc. to study the development status, development goals, and policy measures for the 12th Five-Year Plan period for the import and export of electromechanical and hi-tech products under the new situation. At present, it has basically completed.

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