Market demand decline, raw material prices fluctuate greatly, product intelligence level is not high, market competition pressure is too large…… Since the beginning of this year, China’s motor exports have declined, and the development of motor export enterprises is facing many challenges. In this regard, Zhang Sen, Secretary general of the Electrical branch of the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products, suggested that Chinese motor enterprises should strengthen technological innovation, improve production processes, improve product quality, accelerate transformation and upgrading, and break through the development bottleneck.

REM543 Weak market demand

Affected by the decline in overseas market demand, China’s exports of motor products have declined this year. According to customs statistics, from January to July, China’s exports of motor products were 8.7 billion US dollars, down 9.1% year on year.

REM543

From the perspective of export regional market, in the first 7 months, China’s export of motor products to Africa was 350 million US dollars, an increase of 8.6%; Exports to North America were $1.19 billion, down 19.9%; Exports to Europe were 2.62 billion US dollars, down 12.7% year on year; Exports to Latin America were $700 million, down 2.4%; Exports to Asia were $3.7 billion, down 5.3 percent from a year earlier.

REM543 From the specific country market point of view, since the beginning of this year, among the top ten export destinations of motor products, the amount of motor products exported to Japan has increased, and the amount of motor products exported to the United States and Germany has decreased. Data show that from January to July this year, China’s motor products to Japan exports of about 580 million US dollars, an increase of 12.9%; Exports to the United States amounted to $1.1 billion, down 19.9% year on year; Exports to Germany amounted to $450 million, down 13.8% year-on-year.

At present, China’s most important motor exports are still small and medium-sized motors. Since the beginning of this year, among all kinds of motor products, the export volume of large motors has fallen the most. Data show that from January to July, the export value of small and medium-sized motor products was 6.34 billion US dollars, down 6.7% year-on-year; Exports of large motor products were US $450 million, down 32% year-on-year; Exports of micromotor products were $1.82 billion, down 22.2% year on year. Dc motor and DC generator with output power ≤750W are still the largest single product of China’s motor export.