China's ship exports increased in the first quarter

In the first quarter of 2013, China's shipbuilding industry's three major indicators of shipbuilding continued to decline, and the decline in ship exports increased. According to the statistics of the State General Administration of Customs, from January to March, the total import and export of China's marine products was 7.854 billion US dollars, down 27% year-on-year. Among them, the total export value of marine products was 7.291 billion US dollars, a year-on-year decrease of 29.6%.

Bulk carrier exports accounted for more than half

From January to March, the largest export volume of China's marine products exports was bulk carriers, with exports reaching US$3.68 billion, accounting for 50.6% of the total exports of marine products. Recently, the ship market has favored large-tonnage ship types. In the first quarter, the export volume of bulk carriers of more than 300,000 tons reached US$315 million, accounting for 4.3%, a year-on-year increase of 192%.

Oil tankers have always been in the second largest category of ship products in China's export of ship products. The total value of exports in the first quarter reached 1.004 billion US dollars, accounting for 13.7% of the total ship exports.

From January to March, the export volume of China's container ships reached 719 million US dollars, accounting for 9.8%. Among them, the container ships with a good export performance of more than 6000 TEU in the quarter, the export value was 411 million US dollars, accounting for 5.6%, and the export and export prices increased by a large margin, reaching 196% and 97.4% respectively.

Exports to Europe fell by over 50% year-on-year

From January to March, China exported ship products to 147 countries and regions. Among them, exports to Asia were US$4.51 billion, accounting for 61.9%, down 15.8% year-on-year. Exports to Africa were 858 million US dollars, accounting for 11.8%, an increase of 2.3%. Exports to Europe were 887 million US dollars, accounting for 12.2%, down 50.2% year-on-year. Exports to Latin America reached US$577 million, accounting for 7.9%, down 63% year-on-year. Exports to Oceania amounted to US$431 million, accounting for 5.9%, down 40.5% year-on-year. Exports to Hong Kong were 1.895 billion US dollars, accounting for 26%, down 33.4% year-on-year. Exports to Singapore were 1.175 billion US dollars, accounting for 16.1%, an increase of 6.6%. Exports to Liberia amounted to US$544 million, accounting for 7.5%, down 34% year-on-year.

Foreign contracted projects

From January to March, China's total export value of ship products by means of processing trade was 6.811 billion US dollars, accounting for 93.4%, down 32.3% year-on-year. Among them, the export of ships with processing and processing trade was 6.688 billion US dollars, accounting for 91.7%, down 32.8% year-on-year. Exports by general trade amounted to US$304 million, accounting for 4.2%, a year-on-year increase of 16.6%. The export of export goods by means of foreign contracted projects was US$105 million, accounting for 1.4%, an increase of 1259.5% year-on-year. Exports by way of lease trade were 5,902,800 US dollars, accounting for 0.8%, an increase of 158.2%.

Jiangsu's national ship exports accounted for nearly 30%

From January to March, there are 27 provinces (autonomous regions and municipalities) exporting marine products in China, of which Jiangsu Province is the largest exporter. In the first quarter of this year, although a large proportion of shipping companies in Jiangsu Province did not receive new ship orders, difficulties in delivery, difficulties in financing, and difficulties in earning profits, the province’s total ship exports still reached 2 billion U.S. dollars. In the country, it accounted for 27.4%, down 24.1% year-on-year.