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Brief Introduction to the Economic Operation of the General Parts Industry in the First Quarter of 2018

Editor:Haiyan Chang Lv Standard Parts Co., Ltd., │ Release Time:2018-10-26 

Driven by the automobile, high-speed rail, aviation and other industries, the machinery general-purpose parts industry in the first quarter of 2018 showed steady growth, the company's revenue growth was stable, the operation continued to improve, the product import and export trend was good, and the industry achieved a total output value of about 85.6 billion yuan. , a year-on-year increase of 6.4%, showing a trend of steady development.


In the first quarter, the total import and export volume of the industry was 8.686 billion US dollars, an increase of 14.36%.


The total import value of the industry was 5.216 billion US dollars, an increase of 10%. The gear import volume was 4.12 billion US dollars, up 9.47% year-on-year; the professional import value of fasteners was 771 million US dollars, up 6.42% year-on-year; the chain transmission professional was 65 million US dollars, up 26.29% year-on-year.


The total export value of the industry was 3.47 billion US dollars, an increase of 21.5%. Among them, the professional export volume of gears was US$1.541 billion, up 15.76% year-on-year; the export volume of fasteners was US$1.342 billion, up 28.41% year-on-year; the export volume of chain drive was US$344 million, up 23.48% year-on-year.


In the first quarter, the general parts and components industry adhered to the general tone of steady progress, and the product import and export achieved double-digit growth, and the results were gratifying. Industry enterprises still need to further strengthen their independent innovation capabilities in accordance with the requirements of high-quality development, focus on the key tasks of the supply-side structural reform, do a good job in optimizing the adjustment of the layout structure, do a good job in risk prevention and control, and become a global competitiveness as soon as possible. World class business.