Since the beginning of this year, China's foreign trade has maintained a sound momentum of development despite a tightening external environment and the short-term impact of the pandemic, with a cumulative growth rate of nearly 10% in the first nine months. The value of China's imports and exports rose 8.7 percent in the first eight months of 2022 to $4.75 trillion in dollar terms, according to the General Administration of Customs. Of this, exports reached US $2.7 trillion, up 12.5%; Imports reached US $2.05 trillion, up 4.1%; The trade surplus was $645.15 billion.
The internal combustion engine industry is affected by intertional trade and the characteristics of its own enterprise size, its import and export performance is not as good as that of the country as a whole, but it is generally stable and has a good trend. From January to September, the import and export volume of internal combustion engine industry was 22.561 billion US dollars, an increase of -0.27% year-on-year (0.64 percentage points higher than that in January to August), among which, the import volume was 6.592 billion US dollars, an increase of -20.22% year-on-year (0.43 percentage points higher than that in January to August), and the export volume was 15.969 billion US dollars. Year-on-year growth of 11.22%(up 0.21 percentage points from January-August)
In the import amount, each subdivision type is decreased year on year, especially gasoline engine. Specifically, diesel engine imports from January to September 2022 amounted to $682 million, an increase of -8.93% year-on-year; Gasoline engine imports were $528 million, up -43.38% year on year; Other types of whole machine imports of US $1.953 billion, year-on-year growth of -15.10%; The import of internal combustion engine parts was 3.085 billion US dollars, up by -21.38% year on year; The import of generating sets was 345 million US dollars, a year-on-year increase of -3.50%.
In the export amount, except gasoline machine, all subdivisions increased year-on-year. Specifically, diesel engine exports from January to September 2022 amounted to $823 million, with a year-on-year growth of 19.49%; Gasoline engine export $1.131 billion, year-on-year growth of -18.04%; The export of other types of whole machines was 2.001 billion US dollars, up 13.55% year on year; The export of internal combustion engine parts was $8.327 billion, up 8.28% year on year; The export of generating units was $3.687 billion, up 29.95% year on year.
