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China's Hardware Components Export Maintains Steady Growth in First 3 Quarters of 2022
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2023-01-07
China's hardware & parts industrial import and export statistics for the first three quarters of 2022 is out. The data show that the total export value was at US$ 127.25 billion, an increase of 8.55%, among which construction hardware parts increased by 22.82% year-on-year, tool hardware decreased by 1.23%. The total import value was US$19.45 million, a decrease of 11.12% year-on-year.
The export value of construction hardware parts was US$41.81 billion, accounting for 32.85% of the total export value of all industries, while the export value of tool hardware parts was US$19.12 billion, accounting for 15.02%. In terms of import, the construction hardware parts were US$10.88 billion, accounting for 55.93%; the tool hardware parts were US$5.82 billion, accounting for 29.95%.
From a global perspective, the world's economy seems to be nearing stagnation, while prices are rising rapidly. In addition, the income gap between different economies further widened, resulting in a lack of international investment momentum. The global economic growth slowdown is obvious, China is facing considerable pressure in the hardware parts industry where it has to maintain stability and increase quality and trade.
中國五金零件業
建築
工具
2022前三季
出口壓力
Chinese hardware & parts industry
construction
tool
first 3 quarters of 2022
pressure on exports
