Xu Niansha, president of China Machinery Industry Federation, disclosed on Friday that from 2012 to 2021, the import and export trade scale of China machinery industry has been jumping, the total import and export trade volume increased from 647.22 billion US dollars in 2012 to 1038.658 billion US dollars in 2021, breaking the trillion US dollars for the first time against the background of the world economic downturn. Exports increased to US $676.54 billion from US $3500.6 billion, and the trade surplus increased to US $314.422 billion from US $53.9 billion, a record high.

Xu Niansha introduced that over the past ten years, China’s machinery industry has insisted on carrying out foreign exchanges and cooperation to promote the realization of high-level opening to the outside world. Its machinery products have been exported to more than 100 countries and regions. The products made in China and Chinese equipment enjoy a global reputation and spread all over the world.

The import and export of machinery industry accounted for 17.16 percent of China’s total foreign trade in 2021, up from 16.74 percent in 2012. Among them, the share of import increased from 17.11% to 20.11%; The trade surplus rose to 46.48% from 23.36%. These fully show that China’s machinery industry plays an important role in the global manufacturing industry chain and supply chain.

In addition, the structure of export trade has been continuously optimized. In the past 10 years, the structure of export products of China’s machinery industry has been continuously optimized. It is rapidly upgrading from processing trade and middle and low grade products to general trade and products with high technical content and high added value and complete sets of equipment. In recent years, the general trade export of machinery industry accounts for nearly 70%. Auto parts, the traditional advantage of low voltage electrical equipment and other machinery industrial products exports have increased dramatically in recent years, motor vehicle, engineering machinery, machine products such as export performance is outstanding, the vehicle exports more than 2 million cars in 2021, engineering mechanical excavators, loaders, bulldozers, electric forklift export quantity sharp growth, become the main force of high total exports of innovation.