International electronic business news on the 8th, the General Administration of Customs announced yesterday (7) China’s import and export situation in 2023 1-2 months.
According to data from the General Administration of Customs, in the first two months of this year, China imported 888.81 billion yuan (RMB, the same below) of mechanical and electrical products, down 19.8%. Among them, 67.58 billion integrated circuits, down 26.5%, worth 329.07 billion yuan, down 24.9%; Vehicles (including chassis) were 106,000 units, down 30.4% to MOP 49.47 billion, down 18.5%.
In terms of exports, in the first two months of this year, China exported 2.03 trillion yuan of mechanical and electrical products, an increase of 0.4%, accounting for 58% of the total export value. Among them, automatic data processing equipment and its parts and components were 183.72 billion yuan, down by 26.7%; mobile phones 163.35 billion yuan, an increase of 10.5%; Automobiles were 96.83 billion yuan, an increase of 78.9%.
Overall, China’s imports and exports to ASEAN increased in the first two months, while those to the EU, the United States, and Japan declined.
It is understood that the reason for the decline in integrated circuit imports is, on the one hand, the current market facing the impact of oversupply, and the decline in chip prices. On the other hand, the United States has increased export controls on advanced chips to China in recent years, which has also increased the difficulty of importing integrated circuits to a certain extent.
The latest data released by the General Administration of Customs reflects increasing pressure on China’s semiconductor industry as the United States restricts China’s access to advanced chips and chip-making equipment.
In response, SMIC warned that the mass production schedule of its new $7.6 billion wafer fab in Beijing, China, may be delayed by one or two seasons due to difficulties in obtaining equipment.
Some analysts believe that due to China’s relaxation of the dynamic zero policy in December 2022, domestic manufacturing activities rebounded in January and February, increasing hopes for a rapid recovery of import and export trade.
According to statistics, the purchasing managers’ index (PMI) exceeded expectations in February, rising to 52.6 from 50.1 in January, the highest performance since April 2012.
