In the first quarter of 2017, fastener exports reached US$1.045 billion, an increase of 3.73% year-o



Imports of fasteners in the first quarter were US$725 million, up 13.44% year-on-year; fastener exports were US$1.045 billion, up 3.73% year-on-year.

In the first quarter of 2017, driven by the country's macroeconomic operation, the overall economic operation of the machinery general parts industry was significantly stronger than that of last year. Its remarkable feature is that the industrial enterprises' product orders are relatively full, and the enterprises are implementing production in an orderly manner. On the other hand, the import and export of the industry has also turned better, and there has been positive growth.

In the first quarter, the mechanical general-purpose parts industry achieved a total output value of 80.4 billion yuan, a year-on-year increase of 3.7%, and the industry's six majors achieved positive growth.

The total import and export volume of the industry was US$7.595 billion, an increase of 15.1% year-on-year.

The total import volume of the mechanical general parts industry was US$4.740 billion, a double-digit growth year-on-year, reaching 23.7%: the gear import volume was US$3.763 billion, up 30.96% year-on-year; the fastener import was US$725 million, up year-on-year. 13.44%; chain imports amounted to US$51 million, an increase of 19.78% year-on-year.

The total export volume of the industry was 2.855 billion US dollars, up 3.07% year-on-year: of which the professional export volume of gears was 1.332 billion US dollars, up 0.88% year-on-year; the export value of fasteners was 1.045 billion US dollars, up 3.73% year-on-year; the export value of chain was 2.78. Billion dollars, a year-on-year increase of -3.20%.

According to the macro forecast of the development of the machinery industry, although the economic operation in 2017 is better at the beginning, it still needs to be cautious. Industry enterprises must actively expand the market while improving the current product order production and guarantee quality delivery, improve the core competitiveness of enterprise technology, and achieve stable development of industry enterprises.

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