Import and export of internal combustion engine industry from January to June 2024
In the first half of the year, external demand rebounded, domestic policies to stabilize foreign trade continued to show effectiveness, and the export structure continued to improve. However, due to the complex external environment, slowing demand from developed economies, trade barriers, and geopolitical disruptions to global trade activities, China's foreign trade still needs to face various challenges.
According to statistics from the General Administration of Customs, China's total import and export value for the first six months of 2024 was $29801.4 billion, an increase of 2.9%. Among them, exports amounted to 1707.57 billion US dollars, an increase of 3.6%; Imports amounted to 1272.58 billion US dollars, an increase of 2.0%; The trade surplus is 434.99 billion US dollars.
Specifically in the internal combustion engine industry, there has been a slight increase in import and export performance, with import growth exceeding exports.
According to data compiled by the General Administration of Customs, the total import and export volume of the internal combustion engine industry from January to June 2024 was 16.067 billion US dollars, a year-on-year increase of 2.44%. Among them, imports were 4.511 billion US dollars, a year-on-year increase of 6.23%, and exports were 11.556 billion US dollars, a year-on-year increase of 1.03%.
In terms of import value, gasoline engines and other types of internal combustion engines decreased year-on-year, while other types showed growth, with a significant decrease in other types of internal combustion engines. Specifically, from January to June 2024, diesel engine imports amounted to 785 million US dollars, a year-on-year increase of 44.66%; Gasoline engine imports amounted to 216 million US dollars, a year-on-year increase of 5.06%; The import of other types of complete machines reached 1.072 billion US dollars, a year-on-year increase of -21.13%; The import of internal combustion engine components reached 2.047 billion US dollars, a year-on-year increase of 11.64%; The import of generator sets reached 391 million US dollars, a year-on-year increase of 37.81%.
In terms of export value, except for the year-on-year decrease in other categories of complete machines and generator sets, all other sub categories increased year-on-year. Specifically, from January to June 2024, diesel engine exports amounted to 671 million US dollars, a year-on-year increase of 6.55%; Gasoline engine exports amounted to 1.068 billion US dollars, a year-on-year increase of 35.74%; The export of other types of complete machines reached 1.169 billion US dollars, a year-on-year increase of 9.77%; The export of internal combustion engine components reached 6.263 billion US dollars, a year-on-year increase of 6.60%; The export of generator sets reached 2.386 billion US dollars, a year-on-year increase of -16.32%.
