China's imports of mechanical and electrical products in the next five years

From the 13th China International Hi-tech Fair opened in Shenzhen, it was learned that the import and export of mechanical and electrical products accounted for 60% of China’s total foreign trade volume and 70% of the increase, becoming the main carrier and an important part of China’s foreign trade. .

Figures show that the import value of China's machinery and electronic products has increased from US$5.65 billion in 1980 to US$660.3 billion in 2010, an increase of 116 times in 30 years; the share of imports of mechanical and electrical products in the country’s foreign trade also increased from 28.2% to 47.3%. . The expansion of the import of electromechanical products not only satisfies the needs of industrial production, but also improves the equipment and R&D capabilities of various departments of the national economy, and promotes the adjustment and upgrading of industrial structures.

It is understood that China's import market for electromechanical products has expanded to 202 countries and regions. It is expected that in the next five years, China’s import scale is expected to grow from US$1.3 trillion in 2010 to over US$8 trillion, of which imports of mechanical and electrical products are expected to reach around US$4 trillion.