China's plastic machinery exports fell sharply by 13.9% in October

In September, the import and export volume of China's plastic machinery decreased from the previous month, and the import and export value in October further declined. In particular, the decline in exports expanded from 2% in September to 13.9%. The decline in imports in October expanded by 0.6 percentage points to 10.1%. Affected by the sharp decline in exports, the trade surplus for the month fell by 31.9%.
In October, the import value of China's plastic press was US$14.87 million, a year-on-year increase of 73.4%, a decrease of 10.1% from the previous month, and imports of 1,613 units, up 16.9% year-on-year and 41.1% quarter-on-quarter;
In October, the export value of China's plastic presses was US$172.66 million, a year-on-year increase of 9.0% and a decrease of 13.9% from the previous month. The number of exports was 112,672, an increase of 61.7% year-on-year and a quarter-on-quarter increase of 34.7%.
In October, China's plastic machinery import and export trade surplus was 23.91 million US dollars, a year-on-year decline of 67%, a decrease of 31.9%.
Product statistics
The data in Figure 1 shows that in terms of imports, the five major types of presses have increased year-on-year, especially the extruders have increased by 246.1% year-on-year.
Chart 1 October 2017 China's plastic machine imports by product statistics (unit: 10,000 US dollars, Taiwan)

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From the perspective of Chart 2, in terms of exports, except for vacuum molding machines and other thermoforming machines, other molding machines and molding machines, the other three categories of products have increased year-on-year, with extruders increasing by a maximum of 49.1%.
Chart 2 October 2017 China Plastic Machine Export Product Statistics (Unit: 10,000 USD, Taiwan)


The data in Chart 3 shows that China's import and export trade surplus of plastic press in October was 23.91 million US dollars, a year-on-year surplus of 72.52 million US dollars, a drop of 67.0%, compared with the surplus of 35.11 million US dollars in September this year, a decrease of 31.9. %.
The year-on-year increase in imports (73.4%) was much greater than the increase in exports (9.0%), resulting in a significant decline in the trade surplus year-on-year; the decline in the chain imports (10.1%) was less than the decline in exports (13.9%), resulting in a significant decline in the trade surplus.
Chart 3 October 2017 China Plastic Machine Product Trade Balance Statistics (Unit: 10,000 USD)

Country/Region Statistics
Exhibit 4 shows that Germany ranked first in the top ten countries/regions in China in October, and it increased by 104.8% year-on-year, an increase of 72.8% from the previous month's US$29.19 million. In October, the number of plastic machines sourced from Germany accounted for 33.9% of the total amount of plastic machines imported from China, and the second place in Japan accounted for 31.9%.
Chart 4 Statistics of the top ten countries or regions imported by China's plastic press in October 2017 (unit: US dollar, Taiwan)


Chart 5 shows that the United States and Vietnam are the two countries with the largest export of plastics in China. The amount of plastic machines exported to the United States increased by 19.0% year-on-year and 6.7% quarter-on-quarter; Vietnam increased by 14.1% year-on-year and 20.8% quarter-on-quarter. The United States is the world's largest economy, the market is huge, and the US manufacturing industry's return strategy continues to advance. I believe that the future demand for plastic machinery in China will increase.
In October, the total export value of the 15 countries/regions before the export of China's plastic presses exceeded 65.1% of the total export value of China's plastic presses in that month. Among the fifteen countries/regions, Turkey and Japan saw an impressive year-on-year increase of 160.6% and 397.6% respectively.
Chart 5 Statistics of 15 countries/regions before the export of China's presses in October 2017 (unit: US dollar, Taiwan)
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