By CFM,   Fowarded from chinafastener.com

In the first half of 2015, influenced by the downward tendency of Main Engine Industry, the economy of General Machinery Components Industry was under the pressure of declining with a weak development trend overall.

Based on the CMCA report, the total output value of General Machine Components Industry in the first half of the year was 166 Billion CNY, 1.2% increased comparing with the corresponding period in last year. The output of gear leveled off that of last year, while fasteners and springs in weak growth, and chains, connecting pieces, powder metallurgy in negative growth.

In the first half, the import and export value totaled 15.2 Billion USD, down to 6.33% decreased over the same period of last year, which was the first sharp fall in recent years. Within which, the total import value reached to 8.68 Billion USD, 11.4% declined, while every section of the General Machinery Component Industry showed the declining trend in import. The import and export value of chain was 6.563 Billion USD, 11.48% down comparing with the previous period in last year. In H1, the fasteners import value was 1.50 Billion USD, 11.79% decreased over the same period of last year. It was worth mentioning that Japan, Germany, South Korea, Taiwan and America were the top five import sources.

The import value totaled 6.54 Billion USD, only 0.74% up comparing with the corresponding period. The growth obviously declined comparing with the first quarter, as the export of gears, fasteners and chains inclined to decrease in the first half of the year. The total export value of gears from January to June was 2.81 Billion USD, 1.44% decreased over the same period of last year; the total export value of fasteners from January to June was 2.53 Billion USD, 4.04% increased over the same period of last year. America, Russia, Japan, South Korea and UAE were the top five export sources. The chains industry exported 0.79 Billion USD of products, down 1.49% comparing with that of the same period in last year, while China exported springs 0.18 Billion USD, 6.3% up; connecting pieces, 0.26 Billion USD, 3.35% decreased; and powder metallurgy, 0.04 billion, 13% declined.

In the latter half of this year, the economic operation of general machine components industry is predicted to be less cheerful, although the China Government will carry out a series of adjustment measures to promote development.