Guangdong Province's exports of CNC cutting machine tools continue to fall sharply

According to statistics released by the Guangdong Branch of the Customs, the total value of foreign trade in the import and export of Guangdong Province for the period from January to June 2012 was 356.62 billion U.S. dollars, up 27.7% from the same period of last year, slightly higher than the national growth rate of 27.4%, accounting for the total value of imports and exports nationwide. 25.4%. Among them, exports reached 204.39 billion U.S. dollars, an increase of 29.5%; imports were 152.23 billion U.S. dollars, up 25.3%. From January to June, Guangdong's trade surplus was 52.16 billion U.S. dollars. It is worth noting that the growth rate of CNC machine tools and electromechanical products, which account for the largest share of the total export value of Guangdong Province, has continued to decline since March.

Data show that from January to June, the total value of Guangdong’s foreign trade was still the highest among all provinces and cities in the country. In the top 6 provinces and cities in China's import and export, the growth rate of imports and exports in Guangdong Province ranked the 3rd among 6 provinces and cities in January-June; export growth and import growth respectively maintained the 2nd and 4th places. In June alone, Guangdong’s foreign trade exports grew by 18.9%, while imports increased by 23.6%. The increase in imports for the first time this year was higher than the increase in exports for the first time in the year.

According to statistics, from January to June, the import and export of machine tool equipment in Guangdong Province was US$10.1 billion, an increase of 28.6%, accounting for 56.1% of the total import and export value of Guangdong Province. Imports and exports of general trade totaled 123.93 billion U.S. dollars, an increase of 25.7%.

According to statistics, with the exception of trade with Hong Kong, Guangdong’s growth rate against other five major trading partners is lower than the overall growth rate, and the import and export of emerging markets has grown rapidly. From January to June, in addition to the 43.5% growth rate of Hong Kong's import and export, Guangdong and the top six trading partners, the growth rate of ASEAN was lower than the overall growth rate of Guangdong by 6.7 percentage points, to the United States, the European Union, Japan and China Taiwan. The growth rates of the other four major trading partners were all lower than the overall growth rate of Guangdong by more than 10 percentage points. During the same period, Guangdong’s total value of imports and exports to emerging markets such as Latin America, the Middle East, and Africa were US$16.53 billion, US$14.51 billion, and US$10.9 billion, respectively, a significant increase of 36.9%, 44.1%, and 76.3%, respectively.

In terms of export products, from January to June, the export of CNC machine tool equipment in Guangdong Province was US$137.89 billion, an increase of 25.6%, accounting for 67.5% of the total export value of Guangdong Province, among which the export of CNC machine tools (across from electromechanical products, the same below) 749.2 Billion US dollars, an increase of 24.6%. It is worth noting that since March, the export growth of CNC cutting machine tools and electromechanical products in Guangdong Province has continued to decline. In June alone, the export of CNC cutting machine tools and electromechanical products in Guangdong Province continued to fall sharply, by 12.9% and 11.7% respectively. It dropped by 10.8 and 9.8 percentage points in April.