In 2023, The Added Value Of The Machinery Industry Increased By 8.7%

The reporter recently learned from the China Machinery Industry Federation that the added value of the machinery industry in 2023 increased by 8.7% year-on-year, higher than the national industrial and manufacturing growth rate of 4.1 and 3.7 percentage points; Revenue reached 29.8 trillion yuan, up 6.8% year on year; The total profit reached nearly 1.8 trillion yuan, an increase of 4.1% year-on-year. The scale of the industry has reached a new level. By the end of 2023, the number of enterprises above designated size in the machinery industry reached 121,000, an increase of 10,000 over the previous year, accounting for 25% of industrial enterprises above designated size in the country; Assets totaled 36 trillion yuan, up 9.9 percent year on year. The overall growth rate of investment remains high. The five major industries mainly involved in the machinery industry, the investment growth rate is higher than the fixed asset investment growth rate of the whole society. Among them, the investment in automobiles and electrical machinery grew rapidly, with growth rates of 19.4% and 32.2% respectively, especially the growth rate of electrical machinery was always higher than 32% for two consecutive years. Machinery industry total foreign trade, exports have reached a new high. Customs statistics show that the total import and export volume of machinery industry in 2023 reached 1.09 trillion US dollars, an increase of 1.7%, more than one trillion US dollars for the third consecutive year, accounting for 18.3% of the country's total foreign trade imports and exports. Among them, the export value was 783.02 billion US dollars, an increase of 5.8%, accounting for 23.2% of the country's foreign trade exports. Strategic emerging industries are booming. In 2023, the total operating income of strategic emerging industries related to machinery industry was 24.2 trillion yuan, an increase of 7.8%, and the total profit was 1.4 trillion yuan, an increase of 7.0%, accounting for 81.3% and 81.0% of the machinery industry, respectively.