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Hardware & Electrical Products in Sichuan

December 19, 2023
 According to the structure of the import and export industries in recent years, the export structure has been further optimized, the proportion of industrial finished goods has increased significantly, and the proportion of primary products and industrial semi-finished products has declined. In 2012, Sichuan exported 860 million U.S. dollars of primary products, a decrease of 5.9 percent; exports of semi-manufactured industrial products were 5.25 billion U.S. dollars, up 10.5 percent; industrial manufactured goods exported 32.35 billion U.S. dollars, an increase of 38.5%. The province's export growth has been very successful. In 2012, exports of mechanical and electrical products represented by portable computers and integrated circuits in Sichuan totaled US$25.37 billion, a rapid increase of 49.1%, which contributed to the growth of the province’s overall foreign trade exports by 28.8 percentage points. This is the main force for Sichuan’s export growth. In recent years, Sichuan Province The electromechanical industry has developed rapidly. The strength of electronic information, equipment manufacturing, automotive and metallurgical industries has been continuously enhanced, and the scale has been continuously expanding. At present, it has become an important electronic information industry base in the western region. Zou Dekang, president of Sichuan Hardware and Electrical Machinery Association, said that in recent years, the total import and export volume of Sichuan's mechanical and electrical industry has been showing a trend of rapid growth. Among them, about 11,000 merchants at Jinfu Road have concentrated on the import and export of electromechanical products with a mode of centralized operation. About 60% of the total amount. Talking about the reasons, Zou Dekang said that first of all, the trend of industrial transfer is significant. Many of the electromechanical cities along the street of Jinfu Road are distribution companies that have set up offices or distribution points in Chengdu. They have taken a fancy to resources in the western region. Rich in market potential (motors, valves, pumps), superior hard and soft investment environment and good transportation. “In the past, most of the electromechanical products were self-sufficient in Sichuan, and the total volume of imports and exports was small. However, with the continuous improvement of Chengdu's hard and soft investment environment, many Fortune 500 companies have settled in Chengdu or opened offices, which expands the number of electromechanical products. The total volume of imports and exports has played a positive role in promoting.” Zou Dekang analyzed that. For the future, Zou Dekang optimistically predicts: “The current status of the national electromechanical industry is that the data in Guangdong, Jiangsu, and Zhejiang are declining. However, in the next five years, Sichuan’s electromechanical products will be affected by multiple factors, and imports and exports will show rapid growth. It is expected that there will be an increase of more than two digits each year.” Luo Baihui, secretary-general of the International Mould, Hardware and Plastics Industry Suppliers Association pointed out that not only the entire electromechanical industry has developed rapidly, but also the export capability of some advantageous mechanical and electrical products in Sichuan Province has increased significantly in recent years. . In particular, with Foxconn, Intel, SMIC, and UNISON investing in factories in Sichuan, such as Intel's transfer of its production base in Shanghai to Chengdu, it has integrated most of its production capacity in factories in Guangzhou, Fuzhou and Shenzhen into Chengdu. And so on, these have all contributed to the development and export of electronic information industries such as integrated circuits and microelectronics components in Sichuan Province. Some major equipment manufacturing industries, such as large-scale generator sets, metallurgical and chemical complete sets of equipment, construction machinery, oil drilling, railway locomotives and other products, also have strong market development potential. According to Deputy Commissioner of Chengdu Customs, Zhong Zao said that electromechanical products accounted for 66% of the total exports of manufactured goods in 2012 (58.6% in 2011), and the proportion of high-tech products was 45.5% (39.8% in 2011), respectively. The annual increase is 3.6, 7.4 and 5.7 percentage points. The growth rate of Sichuan's industrial finished goods, mechanical and electrical products and hi-tech products in 2012 was 38.5%, 49.1% and 51.3%, respectively, which means that while the high-speed growth has been achieved, the structural adjustment and the priority of benefits have been transformed.
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