in 2020, the growth rate of the added value of the machinery industry increased by 6% year-on-year, and the added value of 43 of the 52 industries mainly involved increased. at the beginning of 2020, affected by the epidemic, the production of 120 main products monitored by the machinery industry decreased significantly, and the output of 58 products decreased, accounting for 48.3%
the growth rate of added value picked up steadily
according to the data of the national bureau of statistics, the growth rate of added value of machinery industry in 2020 increased by 6% year-on-year, 25%, 7.5% and 2.2% respectively over the first quarter, the first half of the year and the first three quarters, and was 3.2% and 2.6% higher than the growth rate of added value of national industry and manufacturing industry, and exceeded the expectation at the beginning of the yearamong the five major categories of national economic industries involved in the machinery industry, the electrical machinery and equipment manufacturing industry increased by 8.9%, the automobile manufacturing industry increased by 6.6%, the special equipment manufacturing industry increased by 6.3%, the general equipment manufacturing industry increased by 5.1%, and the instrument and meter manufacturing industry increased by 3.4%; the added value of 43 industries in the 52 major industries increased.
product production is gradually restored
at the beginning of 2020, affected by the epidemic, the production of 120 major products monitored by the machinery industry decreased significantly, and the output of only two products increased from january to february. since then, with the promotion of resumption of work and production and the recovery of enterprise production, the number of varieties whose output increased continuously. the annual output of 62 products increased, accounting for more than half, accounting for 51.7%; the output of 58 products decreased, accounting for 48.3%.
the production and marketing characteristics of main products are as follows: the market recovery of investment products is faster than that of consumer products. specifically:first, thanks to the start of infrastructure investment and energy construction projects, the production of construction machinery, load vehicles, power generation and transmission and transformation equipment has recovered rapidly and maintained stable growth;
second, driven by favorable policies, agricultural machinery production hit the bottom and rebounded;third, the production of products related to logistics, environmental protection and intelligent manufacturing gradually accelerated; fourth, the automobile market began to recover in the second half of the year, and the decline in annual production and sales narrowed significantly, ending with a slight decline; fifth, the production of large and wide-ranging general-purpose products basically resumed after entering the fourth quarter.
the recovery of major economic indicators exceeded expectations
in 2020, the cumulative growth rate of the operating revenue of the machinery industry changed from negative to positive in september, and the annual operating revenue reached 22.85 trillion yuan, with a year-on-year increase of 4.49%, 3.73 percentage points higher than that of the national industry; the cumulative growth rate of the total profit changed from negative to positive in july, and the annual total profit reached 146 million yuan, with a year-on-year increase of 10.4%, 6.29 percentage points higher than that of the national industry.
in 2020, the profit margin of the operating revenue of the machinery industry was 6.41%, an increase of 0.35 percentage points over the previous year, 0.33 percentage points higher than that of the national industry in the same period; the operating revenue per 100 yuan of assets was 86.16 yuan, a decrease of 3.3 yuan over the same period of the previous year, 2.42 yuan higher than that of the national industry.
under the complex international trade environment, the total import and export volume of the machinery industry changed from negative to positive year-on-year at the end of the year. in 2020, the total import and export volume of the machinery industry reached 784.7 billion us dollars, an increase of 1.54% year-on-year.
among them, the import amount was 317.7 billion us dollars, with a year-on-year increase of 0.88%. among the 14 sub industries, the import amount of agricultural machinery, instruments and meters, cultural office equipment, electrical appliances, mechanical basic parts, food packaging machinery and other civil machinery increased year-on-year;exports reached us $467 billion, a year-on-year increase of 1.99%. among the 14 sub industries, the export value of agricultural machinery, instruments and meters, general petrochemical, electrical and electrical appliances, food packaging machinery, automobile and other civil machinery increased year-on-year. the machinery industry achieved a cumulative trade surplus of us $149.4 billion, an increase of us $6.1 billion over the previous year.
for more data, please refer to the analysis report on market foresight and investment strategic planning of china's instrument industry issued by foresight industry research institute. at the same time, foresight industry research institute provides solutions such as industrial big data, industrial planning, industrial application, industrial park planning, industrial investment attraction, ipo raising and investment feasibility study.