Motor exports are expected to grow throughout the year

Affected by various factors, this year, the growth rate of China's motor product exports has slowed down. Zhang Sen, secretary general of the Electrical Products Branch of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, predicts that under the guidance of a number of national support policies, the growth rate of China's electrical products exports in the second half of the year will be slightly higher than that of the first half of the year, and the annual export value of China's electrical products will be year-on-year. An increase of about 10% to 12%.

According to statistics from the General Administration of Customs of China, from January to July 2022, the export value of China's electrical machinery products was about 12.94 billion US dollars, an increase of 11.4% year-on-year. "From January to July 2022, the United States, Germany, Japan, Italy, South Korea, Vietnam, India, Mexico, Indonesia, and Thailand are the top ten destinations for China's motor product exports, accounting for 46.3% of China's total motor product exports. ." Zhang Sen said.

"Since this year, the export value of China's small and medium-sized motors has maintained rapid growth, while the export value of micro motors has declined." Zhang Sen said. Data show that in the first seven months of this year, China's exports of small and medium-sized motor products were US$6.80 billion, an increase of 18.3% year-on-year; China's large-scale motor exports were US$670 million, an increase of 12.2% year-on-year; the export value of generator sets increased steadily, with an export value of 3.37 billion USD, an increase of 4.6% year-on-year; the export value of micro-motors increased by 0.2% year-on-year to 2.05 billion US dollars.

At present, motor foreign trade enterprises are facing multiple challenges like other foreign trade enterprises. Since the beginning of this year, the state has introduced a number of measures to help enterprises solve difficulties.

In terms of export tax rebates, in April 2022, in order to help foreign trade enterprises ease their difficulties and promote the stable development of imports and exports, ten departments jointly issued the "Notice on Further Increasing Support for Export Tax Rebates to Promote the Stable Development of Foreign Trade", proposing to further increase the policies to help enterprises Support, further improve the convenience of tax refund processing, and further optimize the business environment for export enterprises.

In terms of industrial policy, in June 2022, six departments including the Ministry of Industry and Information Technology issued the "Industrial Energy Efficiency Improvement Action Plan", proposing the implementation of motor energy efficiency improvement actions. Encourage motor manufacturers to carry out systematic and innovative designs such as performance optimization, high-efficiency iron cores, and lightweight casings, optimize motor control algorithms and control performance, and speed up high-performance electromagnetic wires, rare earth permanent magnets, and high-inductance and low-loss cold-rolled silicon steel sheets. Innovation and upgrading of key materials. Promote motor energy-saving certification and promote efficient remanufacturing of motors. Promote the use of enterprises to evaluate the energy efficiency level and operation and maintenance of equipment, scientifically subdivide the load characteristics and different working conditions, and speed up the update and upgrade of motors.

Zhang Sen believes that in recent years, the motor industry has been highly valued by governments at all levels and supported by national industrial policies. The country has successively issued a number of policies, providing a clear and broad development prospect for the development of the industrial motor industry. Affected by the promotion of policies, the motor manufacturing industry will transform towards an efficient and green direction.