China wire and cable industry conference 2019 was held in Shanghai on sept 2.Industry conference this year in order to "open arms to change, planning the future" as the theme, in 2018 China's import and export of various cable data analysis, "area" all the way to bring the change of the pattern of the export of Chinese cable, "area" all the way to bring the change of the pattern of the export of Chinese cable, cable in China were discussed and the future prospect and so on import and export situation.
According to the report, the annual growth rate of China's cable import and export trade volume from 2016 to 2019 is 1.8%, and the annual growth rate of import and export trade volume is 2.5%.In 2018, China's cable import and export volume exceeded us $30 billion for the first time, reaching us $30.1 billion, up 7.5% year on year.Exports grew by 6.9% and imports by 9.7%.In 2018, China's cable import and export trade totaled 2.97 million tons, up 2.1 percent year on year.Exports grew by 2.4% and imports by -1.0%.
In 2018, China and the United States had a trade surplus of $3.8 billion in cable imports and exports.Although the export of domestic cable goods to the United States can also be re-balanced through re-export trade, it will undoubtedly increase the procurement cost of American suppliers, and the price advantage of Chinese cable will be significantly reduced. Similarly, the import of cable to the United States will also shrink due to the impact of tariff increase.
In 2019, the United States is China's largest cable trade import and export country, accounting for more than 16% of the total trade volume. The escalating trade war between China and the United States has a significant impact on China's import and export in 2019.Although the change of RMB interest rate and the cultivation of new market are good for import and export trade, the above good news cannot offset the negative effect caused by the sino-us trade war in the short term. It is expected that China's cable import and export trade will have a negative growth in 2019.The import and export volume of china-u.s. cable trade will further decrease.
Under the new situation of prevailing international trade protectionism, the extensive export growth mode of Chinese cable enterprises at the lower end of the product value chain is increasingly difficult to maintain, and the export needs to upgrade from quantity to quality.In the nearly 30 years of global economic integration competition, Chinese cable enterprises have been able to develop and expand some leading enterprises in China, which have laid a foundation for technological progress and industrial upgrading. In the future, the export of high value-added products will be a direction in the future.