The reading: In 2016, the recovery of the world economy was unsteady, the growth rate was slow, and the division was serious. The economic structural problems were prominent. The international competition became more fierce. The trade protectionism was on the rise. The global economic outlook was generally not optimistic; the development of China's foreign trade was facing domestic and international The environment is still severe and complicated. Uncertainties and uncertainties increase, and downward pressure increases. In the first half of 2016, China’s total value of imports and exports was 11.13 trillion yuan, which was 3.3% lower than the same period of last year. Although the import, export, export, and import values ​​were still down year-on-year, they were stable from the quarterly perspective. The foreign trade of the hardware products industry experienced the first negative growth in recent years. However, the overall growth rate of foreign trade in the second quarter was 2.4 percentage points higher than that of the first quarter, and some sub-sectors' import trade has begun to increase to positive growth. Report details page: http://service.made-in-china.com/market-analysis/industry-analysis-report/695064.html More reports: http://service.made-in-china.com/market-analysis/industry-analysis-report-1.html Benchtop Power Tools,Benchtop Electric Power Tools,Benchtop Power Tools and Equipment AWLOP CO.,LTD , https://www.awlop.com
According to customs statistics, from January to June 2016, the total import and export volume of China's hardware products industry totaled US$56.50 billion, a year-on-year decrease of 8.19%, and the growth rate was 15.51 percentage points lower than the same period of last year. Of which, the accumulated export value was US$46.212 billion, a year-on-year decrease of 9.02%, and the growth rate was 19.55 percentage points lower than the same period of last year. The accumulated import value was US$10.288 billion, a year-on-year decrease of 4.27%, and the growth rate was 1.29 percentage points higher than that of the same period of last year. From January to June, the industry’s cumulative foreign trade surplus reached 35.924 billion U.S. dollars. Compared with the same period of last year, the trade surplus decreased by 4.063 billion U.S. dollars, a year-on-year decrease of 25.78%, and the growth rate was 41.64 percentage points lower than the same period of last year.
From January to June 2016, the hardware products sub-sectors were ranked according to the cumulative amount of import and export: architectural hardware, tool hardware, sanitary products, daily-use hardware, cooking utensils and aluminum products, locks, gas cookers, kitchen equipment, stainless steel Cutlery, zippers and range hoods. Among them, the total import and export volume of the four industries of construction hardware, tool hardware, bathroom products, and household hardware in the first half accounted for 32.72%, 17.92%, 13.73%, and 13.21% respectively.
From January to June 2016, China's hardware products were mainly exported to the United States, Japan, Germany, Hong Kong, the United Kingdom, Vietnam, India, South Korea, Australia, Malaysia and a total of 229 countries and regions. Compared with the same period of last year, there were 5 new trade areas and 3 reductions in trade areas; US$10.288 billion, a year-on-year decrease of 4.27%. Mainly concentrated in Japan, Germany, the United States, South Korea, Taiwan, China, Italy, France, Britain, Thailand and other 144 countries or regions. Compared with the same period of last year, there were 25 new trading areas and 24 fewer trading areas.
China's hardware industry's main foreign trade mode is general trade. From January to June 2016, the volume of import and export trade achieved by the general trade was US$39.832 billion, a year-on-year decrease of 11.94%, accounting for 70.5% of the total value of imports and exports of the entire industry. Among them, US$32.999 billion was exported in general trade, down 13.33% year-on-year, and US$7.034 billion was imported in general trade, down 4.83% year-on-year.
From January to June 2016, the accumulated export volume of the national hardware industry was mainly concentrated in Guangdong, Zhejiang, Jiangsu, Shanghai, Shandong, Fujian, Hebei, Tianjin, Liaoning, and Beijing. The total exports of these regions accounted for 95.51 of the total industry exports. %; Imports are mainly concentrated in Shanghai, Jiangsu, Guangdong, Beijing, Shandong, Liaoning, Tianjin, Zhejiang, Jilin, Fujian and other regions. The total import value of the above areas accounted for 90.3% of the total industry import value.
In the first half of 2016, the trade volume of China's hardware products with countries along the “Belt and Road†was US$14.849 billion, accounting for 26.37% of the total trade volume of the hardware products industry, a year-on-year decrease of 8.24%. Among them, exports totaled US$13.937 billion, accounting for 30.16% of the total export value of the hardware products industry, which was a decrease of 9.43% year-on-year. Imports amounted to US$961 million, accounting for 9.34% of total imports, a 13.25% increase year-on-year. Among the exports to countries along the “One Belt and One Road†route, the largest export volume is Vietnam, with the export value of 1.155 billion U.S. dollars, and the fastest-growing export volume is Afghanistan, which is an increase of 292.56% year-on-year.
In the first half of 2016, the global economic situation was turbulent. The economic growth of major economies was not bright. Risk events were frequent. The Fed rate hike was expected to disturb market sentiment. The rate hike path affected all market nerves; the UK's exit to the EU and even the world economy. Cause heavy losses. Domestically, benefiting from the support of the country’s steady growth policy in the past period, specific measures such as promoting urbanization and deregulating power have gradually begun to show results. The Chinese economy has gradually stabilized. However, due to the unstable and uncertain factors at home and abroad, the economic downside pressure can not be ignored. Affected by this, China’s hardware industry continues to experience a “decline†in the growth rate of foreign import and export trade, and the export growth rate is significantly lower than the import growth rate. The trade surplus has narrowed in recent years; the industry and the European Union, the United States, and the Association of Southeast Asian Nations The bilateral trade of major trading partners has continued to decline, and the risks and challenges faced by the industry in foreign trade development cannot be ignored.