China's extruder imports increased by 116.2% in July

From January to July 2017, China imported 573 extruders, up 16.9% year-on-year; the import value was 181.64 million US dollars, down 18.6% year-on-year; the export was 9440 units, down 74.9% year-on-year, and the export value was 221.15 million US dollars, up year-on-year. 1.1%. From January to July, China's extruder import and export trade surplus was 39.5 million US dollars, of which, the trade surplus in July was 1.76 million US dollars.

Import status:

From Figure 1, in July, the import value of China's extruders increased substantially, and the amount was basically the same as that in June. Last July, it also increased significantly from June.

Chart 1 shows that the import value of China's extruders continued to decline from January to June this year, only slightly increased in February, from US$32.49 million in January to June's US$16.51 million, a drop of nearly 50%.

Overall, the import volume of China's extruders in 2017 and 2016 was very similar. If there were no unexpected circumstances, it is expected that the import value of extruders will decline significantly in August and September this year.

From Chart 2, in the first seven months of 2017, although the amount of Germany and Japan fell by 27.4% and 35.6% year-on-year, it is still the top two imports of Chinese extruders, accounting for 64% of the total import value. . The United States ranked third with a high increase of 109.3%.

98.9% of China's total extruder imports come from 10 countries and regions listed in Figure 2.

Export situation:

In July, the export value of China's extruders was 37.45 million US dollars, an increase of 8.3% year-on-year and 8.3% quarter-on-quarter. From January to July, the export value of China's extruders was US$221.15 million, up 1.1% year-on-year.

As can be seen from Figure 3, the export value of China's extruders has basically maintained an upward trend since March, reaching a high point in June and a slight decline in July.

Chart 4 statistics show that the top 15 countries/regions of China's extruder exports accounted for 66.4% of the total export volume of extruders. India and Vietnam, which ranked first and second, accounted for almost the same proportion, but Vietnam rose by 5.5% year-on-year and India fell by 1.2% year-on-year.

In July, the export of extruders to India was US$2.59 million, down 48.6% year-on-year and 49.9% month-on-month. In July, extruder exports to Vietnam were US$4.58 million, up 87.6% year-on-year and down 11.8% from the previous month.

Import and export comparison:

From January to July 2017, the import value of China's extruders was US$181.64 million, the export value was US$221.15 million, and the trade surplus was US$39.5 million. The trade deficit in the same period of 2016 was US$4.4 million.

The main reason for the trade deficit to turn into a trade surplus was that imports from January to July decreased by US$41.45 million, an increase of 18.6%, while exports rose slightly by 1.1%.

Figure 5 shows that in 2017, there was only a slight trade deficit in February and March, and all other months were surpluses.