In the recent machinery industry economic operation information conference, the China Machinery Industry Federation released data: 2023 machinery industry added value growth of 8.7%, 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. Ye Dingda, chief economist of the China Machinery Industry Federation, said that in 2023, the machinery industry faced a complex and severe internal and external situation, overcame difficulties, fought hard and made solid progress in high-quality development, and achieved stable growth in the main economic indicators throughout the year, playing an important role in driving the stable development of manufacturing industry and even the national industry. Looking forward to 2024, the machinery industry is still expected to maintain the overall situation of stability and progress. China Machinery Association data show that in 2023, the main economic indicators of China's machinery industry have achieved stable growth, and the economic operation has become stable. By the end of 2023, the number of enterprises above designated scale in the machinery industry reached 121,000, an increase of 10,000 over the previous year, accounting for a quarter of the proportion of industrial enterprises above designated scale in the country. In 2023, the machinery industry achieved operating income of 29.8 trillion yuan, an increase of 6.8%.
Ye Dingda said that although the economic operation of the machinery industry in 2023 has experienced fluctuations, the operation trend is generally good. Affected by the comparison base, the growth rate of the main indicators was lower in the first quarter, the growth rate was higher in the second quarter, and the growth rate slowed down in the third quarter, but with the concentrated introduction and implementation of a number of stable economic policy measures, the industry's operation in the fourth quarter again stabilized and improved, and the main economic indicators achieved steady growth throughout the year. Specifically, in 2023, the added value of the five major categories of national economic industries mainly involved in the machinery industry increased, of which electrical machinery and automobiles played a prominent role in driving the added value growth rate of 12.9% and 13%, respectively. Investment in fixed assets as a whole continued to grow at a high rate, playing an important supporting role in driving investment in industrial and manufacturing industries, among which investment in automobiles and electrical machinery grew at a high rate of 19.4% and 32.2%, respectively. In particular, the growth rate of electrical machinery was higher than 32% for two consecutive years. From the perspective of the production and marketing situation of the main products in the industry, the differentiation trend in 2022 has continued. Ye Dingda introduced that among the 120 main products monitored, the output of 61 products increased year-on-year, accounting for 50.8%; The output of 59 kinds of products decreased year-on-year, accounting for 49.2%. Among them, automobile production and sales reached a record high, electrical and electrical appliances continued to grow, machine tool industry production picked up, construction machinery, agricultural machinery products continued to slump.
Foreign trade rose steadily and reached a new high. Data 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 import and export volume. In 2023, the machinery industry will achieve a trade surplus of 478.51 billion US dollars, accounting for 58.1% of the national trade surplus in goods. Foreign trade exports of machinery industry hit a new high on a high base, not only achieving a reasonable growth in volume, but also achieving a qualitative and effective improvement in growth momentum and trade structure. While the overseas market is diversified, the host and whole machine products have a significant growth trend and an enhanced driving role, and the "new three" products of electric vehicles, lithium-ion batteries and solar cells have a total export of 1.06 trillion yuan in 2023, breaking through the trillion yuan mark for the first time, an increase of 29.9%. In addition, Ye Dingda introduced that in terms of benefit indicators, the total profit of the machinery industry in 2023 was nearly 1.8 trillion yuan, an increase of 4.1%. The growth rate of operating income and total profit was 5.7 and 6.4 percentage points higher than that of the national industry, accounting for 22.3% and 22.8% of the national industry, 1.2 and 1.4 percentage points higher than that of the previous year.
