2019 economic development report of the bearing industry
Author: hongyuanTime:
In 2019, facing the increasingly complicated economic development environment at home and abroad, the bearing industry is under pressure. In China, due to the sharp decline in the output of bearing-supported machinery products led by automobiles, the domestic demand market for bearings has been suppressed; internationally, bearing the rise of Sino-US trade disputes and international trade protection, bearing exports have also been suppressed. After the third quarter, as the country further increases investment in infrastructure construction, expansion and expansion of final consumption, stabilization of manufacturing investment, improvement of industrial basic capabilities and the level of the industrial chain, and implementation of tax and fee reduction policies, the implementation of policies The operating environment of the industrial economy has improved, and the growth rate of major indicators has rebounded. However, the deep-seated problems that plague the development of the industry, such as supply and demand contradictions and structural contradictions, have not been significantly improved, and the pressure for the smooth operation of the industry still exists.HONBbearing02
The report analyzes the major economic operation of the bearing industry and the situation of bearing import and export in China.
According to the analysis of data from various parties, in 2019 China’s bearing industry completed operating income of 177 billion yuan, a year-on-year decrease of 4.22%, and completed bearing production of 19.6 billion sets, a year-on-year decrease of 8.83%. Exports of 5.878 billion sets of bearings, a decrease of 4.74% over the same period last year; foreign exchange earnings of 5.321 billion US dollars, a decrease of 3.36% over the same period last year. 2.233 billion sets of imported bearings, a decrease of 6.79% compared with the same period last year; US $ 3.645 billion in foreign exchange, an increase of 1.34% over the same period last year. The surplus in import and export trade was US $ 1.676 billion, a decrease of 12.72% compared with the same period last year.
After analyzing the development of the industry in 2019, the report also gives an outlook on the impact of the epidemic in 2020, the domestic and international situation and the development of the bearing industry in 2020.
The report analyzes the major economic operation of the bearing industry and the situation of bearing import and export in China.
According to the analysis of data from various parties, in 2019 China’s bearing industry completed operating income of 177 billion yuan, a year-on-year decrease of 4.22%, and completed bearing production of 19.6 billion sets, a year-on-year decrease of 8.83%. Exports of 5.878 billion sets of bearings, a decrease of 4.74% over the same period last year; foreign exchange earnings of 5.321 billion US dollars, a decrease of 3.36% over the same period last year. 2.233 billion sets of imported bearings, a decrease of 6.79% compared with the same period last year; US $ 3.645 billion in foreign exchange, an increase of 1.34% over the same period last year. The surplus in import and export trade was US $ 1.676 billion, a decrease of 12.72% compared with the same period last year.
After analyzing the development of the industry in 2019, the report also gives an outlook on the impact of the epidemic in 2020, the domestic and international situation and the development of the bearing industry in 2020.
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