Analysis of China's Analytical Instrument Import and Export Market
As long as you have participated in international trade shows in the past few years, you should be able to see that as a producer of analytical instruments, China’s status is constantly rising. This can be confirmed from China's trade statistics. In 2013, China's export volume of analytical instruments reached 9.19 billion yuan, an increase of 15.2% compared to 2012, which is almost twice the growth rate of China's GDP. China is now the fourth largest producer of analytical instruments in the world, surpassing the United Kingdom, Germany, and Japan for the first time.
Interestingly, although China's domestic analytical instruments industry has received enough attention, the growth rate of imports of Chinese analytical instruments is still higher than the growth rate of exports. In 2013, the import growth rate of China's analytical instruments was 15.4%, reaching 39.17 billion yuan. China is currently the second-largest instrument market after the United States. It is not only higher than any country in the EU, but also exceeds the total import value of the EU (the total import value of EU countries is US$5.78 billion).
China's imports of analytical instruments are about four times the value of exports, and they are still growing. China's analytical instrument import and export statistics in the past five years are shown in the above figure. It can be seen from the figure that if the historical trend develops, the trade deficit of Chinese analytical instruments will continue to increase. China analytical instruments export countries and regions in the top ten for the former United States, Hong Kong, Germany, Japan, Belgium, Singapore, India, the United Kingdom, Poland and Brazil, exports growth rate for the ten Malawi, Indonesia, Canada, Sweden, Belgium, England, Singapore, Vietnam, Hong Kong and Denmark. China top ten importing countries as analytical instruments before the United States, Japan, Germany, Singapore, Switzerland, United Kingdom, France, Sweden, South Korea and Ireland, the growth rate of imports for the ten Norway, Malaysia, South Korea, France, Mexico, Belgium, Spain , Finland, Germany and Singapore.
In the same period, the developed countries could not maintain such a good level of growth. Since the financial crisis in 2008, the US market has been sluggish. Last year, the export value of analytical instruments fell by 1%, and the amount of imports was basically the same. In Europe last year, the export value of analytical instruments increased by 2%, while the import value decreased by 6%.
The Chinese economy has turned to a sustainable and environmentally friendly development. It is generally believed that double-digit growth will never return. Moreover, in the forecast of the IMF for emerging markets, China is the only country whose GDP growth rate will decline. However, judging from the above analysis, the Chinese analytical instrument market will not experience immediate decline.
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