Statistical Analysis of China's Injection Molding Machine Import and Export in 2017

In 2017, China's injection molding machine trade surplus was 39.77 million US dollars, a decrease of 74.37 million US dollars over the same period last year.

Import status:

Exhibit 10 shows that the overall trend showed an upward trend in the first half of 2017, with the highest amount in July and a downward trend in the second half. However, the import value of injection molding machines per month from January to December was far higher than that of the same period of last year. The cumulative amount of imported injection molding machines in China was US$ 806.48 million in December, up 36.6% year-on-year; the import value in December was US$ 62.01 million, up 11.8% year-on-year. The chain fell by 13%.

Figure 11 shows that injection molding machines from Japan accounted for 57.1% of the total amount of injection molding machines imported from China, and the year-on-year increase was as high as 41.2%. It can be seen that China has a huge demand for Japanese injection molding machines.

Export situation

Exhibit 12 shows that the monthly export value for the 12 months of this year is slightly higher than the same period last year, but the overall convergence with last year.

From January to December 2017, the export value of China's injection molding machines was US$ 129.18 million, up 13.3% year-on-year; the export value in December was US$ 126.5 million, up 13.9% year-on-year and 8.0% quarter-on-quarter.

The data in Figure 13 shows that the total export value of the 15 countries/regions before the export of China's injection molding machines accounted for 64.3% of the total export value of China's injection molding machines, and the amount increased by 15.4% year-on-year.

Brazil continued to increase its year-on-year growth rate with an increase of 253.1% year-on-year. China Taiwan, the United States, Malaysia, Iran, and Bangladesh recorded a year-on-year increase of 2-6, which was 54.0%, 45.8%, 44.1%, 28.7%, and 28.0%, respectively.

China's injection molding machine exports, the United States is at the top of the list, this year's exports to Vietnam have declined compared to 2016 and 2015. Although Mexico's growth rate is not high, it has been active in the top five of China's injection molding machine exporters.

The Philippines, Thailand, Indonesia and Vietnam experienced a significant year-on-year decline, with declines of 22.0%, 16.1%, 13.9% and 13.2% respectively.

Import and export comparison

From January to December 2017, China imported 80.648 million US injection molding machines, with exports of 1,204.18 million US dollars and a trade surplus of 39.77 million US dollars. In the same period of 2016, the trade surplus was 472.07 million US dollars, and the trade surplus was reduced by 74.37 million US dollars.

The decline in the trade surplus was mainly due to the increase in exports from January to December 2017, which was only US$14.56 million, an increase of 13.3%, while imports increased by US$215.93 million, an increase of 36.6%. The increase in imports was higher than the increase in exports of $74.37 million.

Figure 14 shows that the trade gap in 2017 was generally lower than 2016, but it began to show a clear upward trend from August, and for the second consecutive month in November and December, it surpassed the same period of 2016.

Figure 15 shows that China's injection molding machine exports continued to grow in 2013-2017, with a four-year average growth rate of 6.7%; while imports in 2015 and 2016 fell for two consecutive years, although 2017 increased by 36.6% over the previous year, reaching $80.648 million. However, it is still slightly lower than the 2014 figure of 81.13 million US dollars, with a 4-year average growth rate of 2.5%.