Abstract Recently, Zhou Yu, Secretary General of China Bearing Industry Association, introduced the industry development in the first half of this year when interviewed by China Industrial News reporter, and analyzed and summarized the characteristics of the industry operation. According to the China Bearing Industry Association, the collection of 109 companies in the bearing industry...
Recently, Zhou Yu, Secretary General of China Bearing Industry Association, introduced the industry development in the first half of this year when interviewed by China Industrial News reporter, and analyzed and summarized the characteristics of the industry operation.

According to the statistics of China Bearing Industry Association on 109 enterprise groups and major enterprises in the bearing industry, in the first half of this year, the main business income was 36.3 billion yuan, an increase of 8.05% over the same period of last year. The bearing product business income was 27.34 billion yuan, an increase of 11.94. %; bearing products export business completed 5.52 billion yuan, an increase of 14.27%; industrial added value completed 8.38 billion yuan, an increase of 9.27%.

According to the statistics of the National Bureau of Statistics on the bearing industry, there were 1,663 enterprises above designated size in the first half of the year. The main business income was 128.4 billion yuan, a year-on-year increase of 12.43%, of which large and medium-sized enterprises completed 43.9 billion yuan, an increase of 9.38%.

From the perspective of growth rate, the statistics of major enterprises in the bearing industry and the National Bureau of Statistics are generally consistent with the statistical growth rate of enterprises in the bearing industry planning. The bearing industry is in a relatively balanced medium-speed growth period.

From January to June, China exported a total of 2.59 billion sets of bearings and earned 2.4 billion U.S. dollars, an increase of 14.23% and 6.92% respectively over the same period last year. From the perspective of export regions, Asia is still the major exporter of China's bearing exports. Foreign exchange earns 46.77% of the total foreign exchange earning, but the growth rate is a slight negative growth of -0.74%; Europe is the second largest exporter of China's bearing exports, accounting for 26.75 of the total foreign exchange earning. %, an increase of 16.4% year-on-year; the Americas is the third major area of ​​China's bearing exports, with foreign exchange accounting for 23.5% of total foreign exchange earnings, an increase of 13.03%. From the perspective of foreign exchange earning from bearings, Asian bearing demand is basically the same as that of the same period of last year. Bearing demand in Europe is growing strongly, and bearing demand growth in the Americas is also a good trend. From the perspective of countries, the United States is still the largest exporter of China's bearing exports, with foreign exchange earning US$360 million, accounting for 15% of total foreign exchange earnings, up 15.5% year-on-year. It also shows from the side that the US and European economies are showing signs of recovery.

From January to June, China imported a total of 970 million sets of bearings, with a use of 1.83 billion US dollars, an increase of 9.5% and 15.8% over the same period last year. The increase in the number of export bearings is greater than the increase in foreign exchange earnings, and the growth in use is greater than the increase in volume. The average unit price of export bearings decreased, the average unit price of imported bearings increased, and the structure of import and export products was changing. At the same time, it also shows that our market for replacing imported bearings is huge and very difficult.

The growth rate of foreign-funded enterprises is significantly higher than the average development level of the industry. According to the statistics of the National Bureau of Statistics on the bearing industry, the growth rate of the main business income of foreign-funded enterprises in the first half of the year was 15.68%, which was 3.25 percentage points higher than the average growth rate of the industry. Profit increased by 64.42% year-on-year, which was 39% higher than the average growth rate of the industry.

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