Ship equipment exports maintain moderate growth.

2014-07-01 09:00

       According to national customs statistics, from January to April 2014, China's total import and export value of ship-building equipment was US\$2.39 billion, a year-on-year increase of 10.7%. Of this, exports totaled US\$988 million, a year-on-year decrease of 0.8%, while imports totaled US\$1.001 billion, a year-on-year increase of 20.4%. In April alone, China exported US\$285 million worth of ship-building equipment, a year-on-year increase of 4.4% and a month-on-month increase of US\$20 million; imports of ship-building equipment reached US\$429 million, a year-on-year increase of 47.1% and a month-on-month increase of US\$40 million, the highest import value since June of last year.

The decline in exports of China's shipbuilding equipment has been gradually narrowing over the past year. In April last year, the growth rate of shipbuilding equipment exports was 1.07%, while in April this year it reached 4.35%. Judging from the current import and export situation of shipbuilding equipment, China's import and export of shipbuilding equipment is expected to maintain moderate growth in the coming period.