Date: 2013-07-31

China's Machinery Imports and Exports up Steadily in Jan.- Feb.

China's Machinery Imports and Exports up Steadily in Jan.- Feb.

China's machinery industry reported its import and export value totalling 62.17 billion US dollars in the first two months of 2008, up 26.69 percent year on year.

Included was the export valued at 34.04 billion dollars, up 25.96 percent, and the import worth of 28.13 billion dollars, up 27.58 percent. -- Close export growth in branch industries The export of engineering machinery industrial sector grew the fastest, posting 46.97 percent. It was followed by farm machinery sector, up 45.04 percent; gas engine sector, up 43.81 percent; and vehicle sector, up 41.86 percent.

In view of the export volume, electric device industrial topped 8. 66 billion dollars, up 25.31 percent; general petrochemical equipment and vehicle sector created 5.99 billion dollars, up 21.16 percent; and motor vehicle sector contributed 4.60 billion dollars, up 37.65 percent. -- General trade grows faster than processing trade The general trade volume in January and February rose 32.3 percent to 32.35 billion dollars, 10.69 percent points higher than processing trade growth.

Included was the export valued at 17.89 billion dollars, up 30.04 percent, and the import worth of 14.47 billion dollars, up 35.21 percent.

The processing trade volume amounted to 2.12 billion yuan dollars in the period, up 21.61 percent year on year.

Included was the export valued at 14.23 billion dollars, up 19.56 percent, and the import worth of 6.97 billion dollars, up 26.02 percent. -- Foreign trade with major partners grows steadily Bilateral trade between China's machinery industry and Asia kept fast growth in the first two months, rising by 26.18 percent to 31.5 billion dollars.

The industry's trade with EU rose by 32.96 percent to 15.69 billion dollars, accounting for 25.24 percent of wholly machinery foreign trade volume.

Its trade with ASEAN rose by 47.84 percent to 4.473 billion dollars, accounting for 7.2 percent of the total.

America ranked the first in importing 5.244 billion dollars of the industry's goods, up 1.67 percent, and was followed by Japan, Hong Kong, German and Korea.

Japan posted the top in term of exporting 7.65 billion dollars of goods, up 30.26 percent, and was followed by German, America, Korea.

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