According to the latest statistics from China Customs, in January 2011, China imported 1,010 plastic processing machines at a value of US$180 million, while exports amounted to 4,895 units in volume or US$100 million in value, leading to a trade deficit of almost US$80 million.
Injection molding machine continued to be the major product category involved in imports and exports. In January, China imported US$64.63 million worth of injection molding machines, a decrease of 13% from a year ago. Exports were US$71.37 million in value, an increase of 102%.
The foreign trade of other vacuum molding machines and other thermoforming machines was active, with imports and exports registering a growth of 346% and 215% respectively.
With respect to imports, all types of plastic processing machines except injection molding and vacuum forming machines recorded more than 100% growth. Particularly, imports of other vacuum molding machines and other thermoforming machines almost tripled, reaching US$26.01 million in value. However, no blow molding machine was imported in January, a drop of 23 units from a year ago.
Exports of other injection machines and blow molding machines registered negative growths while those of other types of plastic processing machines saw different degrees of growth, in the range of million US dollars mostly. Only exports of injection molding machines and extruders (including granulators and other extruders) grew by more than US$10 million.
(This statistics include: plastic injection molding machines (China Customs HS Code 84771010), other injection machines 84771090, plastic granulators 84772010, other extruders 84772090, blow molding machines 84773000, plastic vacuum forming machines 84774010, plastics calendar forming machines 84774020, other vacuum molding machines and other thermoforming machines 84774090, and other molding and forming machines 84775900.)
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