China's agricultural machinery import and export trade for the first time in six years, the same negative growth

[China Agricultural Machinery Industry News] 2015 is a relatively bleak year for China's agricultural machinery import and export trade in the past six years. Although the trade volume is not six years low, this year, the import and export of agricultural machinery both showed negative growth year-on-year, which forced us to be vigilant. Why is the agricultural machinery export in 2015 lower? What is the specific market performance?
In 2015, the year-on-year growth rate of agricultural machinery import and export reached the turning point. Customs statistics show that the total import and export volume reached 12.44 billion US dollars last year, down 4.63% year-on-year. It is 3.5 percentage points lower than the national machinery industry. The trade surplus was US$7.894 billion, down 2.35% year-on-year. Pushing the situation of agricultural machinery import and export trade to the "freezing point" of zero, it has set a new record for the rapid growth of exports. In 2016, the export of agricultural machinery faced a more complicated and volatile situation. The export trade situation is still sluggish. It is expected to be slightly better than 2015 but it is difficult to make substantial changes. However, agricultural machinery imports will still operate along the downtrend channel, and the inflection point of agricultural machinery import and export trade has already been Presented.
Both imports and exports fell, and the year-on-year growth rate was ups and downs.
Agricultural machinery export trade has come out of a new low. From the analysis of the year-on-year trend of agricultural machinery exports, the agricultural machinery export market in 2015 hit a poor performance in the past six years. Customs statistics show that the annual export trade volume reached 10.169 billion yuan, down 3.8% year-on-year, 0.4 percentage points higher than the machinery industry.
Looking back at the characteristics of China's agricultural machinery export trend from 2010 to 2015, it can be described as ups and downs. In 2011, the export of agricultural machinery increased sharply, up 29.7% year-on-year; the subsequent year-on-year growth in 2012 and 2013 fell to single digits, but it showed the characteristics of restorative growth. In 2014, it once again occupied double-digit highlands. In 2015, it fell again into the channel of negative growth.
China's agricultural machinery import and export trade has experienced negative growth for six years
Agricultural machinery imports have been falling. From the analysis of the agricultural machinery import market in 2015, customs statistics show that the total import value of the whole year was 2.28 billion US dollars, down 8.3% year-on-year, 5.3 percentage points lower than the machinery industry. From the trend of the import market in the six years from 2010 to 2015, after experiencing a substantial increase in 2011, the year-on-year growth rate continued to be low, and the market experienced negative growth for two consecutive years in 2014 and 2015.
In 2015, with the global economic slowdown and the sluggish external demand, the global overcapacity of agricultural machinery led to the contraction of international trade and the decline in the prices of agricultural machinery commodities. This is an important reason for the decline of China's agricultural machinery trade. In 2015, global agricultural machinery trade was rapidly declining. Among the global trade volume, the decline of Chinese agricultural machinery was low.
Trade surplus fell, export contribution rate fell
China's agricultural machinery exports are facing the contradiction between the traditional export products and the adjustment of the demand structure of the foreign trade market. The decline of the competitiveness of the international market has become a major problem facing the export of agricultural machinery, and it is necessary to arouse the vigilance of China's agricultural machinery export enterprises. In 2015, the small increase in the growth of China's agricultural machinery export surplus indicates that China's agricultural machinery export competitive advantage is being eaten and weakened.
Customs statistics show that customs statistics show that in 2015, China's accumulated export surplus reached 7.894 billion US dollars, a slight decrease of 2.35% year-on-year, which is the first negative growth since 2011. Looking back on the trend of China's agricultural machinery export surplus in recent years, after experiencing four years of continuous growth in 2011-2014, the year-on-year growth rate in 2015 has come to an abrupt end, indicating that China's agricultural machinery export trade is facing a severe test, and accelerating export restructuring will become The inevitable choice of China's agricultural machinery export enterprises.
The export contribution rate has dropped. As a export of agricultural machinery that drives one of the three troikas in the agricultural machinery market, its contribution rate is decreasing year by year. Customs statistics show that in 2015, China's agricultural machinery industry achieved a main business income of 452.36 billion yuan, and exports amounted to 59.81 billion yuan (RMB), accounting for 13.22%, a record low in five years. From the trend of the contribution rate of agricultural machinery exports (the ratio of agricultural machinery exports to the income ratio of agricultural machinery main business) in the past five years, as the export trade that drives one of China's three troikas, the contribution rate to the agricultural machinery economy has been declining year by year.

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