Analysis report of import and export trade of monitoring equipment in the first half of 2023

Overall situation

In the first half of 2023, the total import and export trade of China’s monitoring equipment was 388 million US dollars, an increase of 5.42%. Among them, the export value was 108 million US dollars, an increase of 38.19%; Imports amounted to US $280 million, down 3.38% year on yea

Figure 1 Total import and export volume and growth rate of China’s guardianship equipment in the first half of 2023 (unit: USD 100 million).

From the monthly import and export trade data in the first half of the year, the total import of monitoring equipment reached a peak of 76 million US dollars in March, accounting for 19.52%. The fluctuation of import and export volume from April to June was not obvious.

Figure 2 Monthly distribution of total imports and exports of guardianship equipment in China in the first half of 2023 (unit: USD 100 million).

Regional analysis

1. All continents

From the perspective of total import and export trade, in the first half of 2023, the total import and export trade of China’s monitoring equipment ranked first in Europe of US $140 million, an increase of 14.54%, ranking second and third respectively for North America (US $119 million) and Asia (US $97 million).

Figure 3 Total import and export volume and growth rate of China’s guardianship equipment and all continents in the first half of 2023 (unit: USD 100 million)

（1）Import Market

In terms of import market, in the first half of 2023, China’s guardianship equipment imports amounted to US $281 million, down 3.38% year-on-year, mainly concentrated in Europe, North America and Asia. Europe ranked first with imports of 49 million US dollars, accounting for 45.17%, followed by North America with 42 million US dollars and Asia with 17 million US dollars, accounting for 39.11% and 15.7% respectively.

Figure 4 Distribution of China’s imports of monitoring equipment with each continent in the first half of 2023

（1）Export Market

In the first half of 2023, China’s export of monitoring equipment reached 108 million US dollars, an increase of 38.19% compared to the same period last year. From highest to lowest, the cumulative amount of each continent was North America: 98 million US dollars, accounting for 34.84%, an increase of 27.46%; Asia: US $80 million, accounting for 28.47%, down 1.95% year-on-year; Europe: $0.7 billion, accounting for 24.98%, down 22.55% year on year; South America: 16 million US dollars, accounting for 5.79%, down 28.58%; Africa: $13 million, 4.60%, down 4.78% year on year; Oceania: $0.04 million, 1.32%, down 32.02% year on year.

Figure 5 Distribution of intercontinental export amount of China’s monitoring equipment exports in the first half of 2023

2. “Belt and Road” countries

In the first half of 2023, the total import and export trade between China’s guardianship equipment and the “Belt and Road” countries was 99.725 million US dollars, down 2.62% year-on-year, accounting for 25.67% of the total import and export volume of China’s guardianship equipment in the same period.

Figure 6 Total amount and growth rate of China’s guardianship equipment import and export “Belt and Road” countries in the first half of 2023

• Export Markte

In the first half of 2023, China’s total import of monitoring equipment from the “the Belt and Road” countries  reached US $16.3055 million, a year-on-year increase of 19.60%.The main sources were Singapore, Israel, Romania, India and Malaysia.

Table 1 In the first half of 2023, China’s guardianship equipment “One Belt and One Road” import Top5 countries/regions.

（2）Export Market

In the first half of 2023, China’s exports of monitoring equipment to “One Belt and One Road” countries totaled 83.419,400 US dollars, down 6.03% year-on-year. The main export markets were India, Singapore, Russia, Hong Kong and Thailand.

Table 2 China’s exports of monitoring equipment to the Top 5 countries/regions of the “Belt and Road” in the first half of 2023

2. RCEP Countries

In the first half of 2023, the total import and export trade of China’s monitoring equipment and “RCEP” countries was 49,645,300 US dollars, down 0.38% year-on-year, accounting for 12.78% of the total import and export volume of China’s monitoring equipment in the same period.

Figure 7 Total import and export volume and growth rate of China’s custody equipment with”RCEP” countries in the first half of 2023

Figure 8: Trade volume of monitoring equipment between China and “RCEP” countries in the first half of 2023 and the proportion of total trade amount during the same period

From the perspective of RCEP member countries, Singapore ranked first in the total trade volume of monitoring equipment with China in the first half of 2023, with a total import and export volume of 16.9325 million US dollars, accounting for 34.11%. Its import and export volume were both ranked first, with trade volumes of 8.5195 million US dollars and 8.413 million US dollars, accounting for 60.04% and 23.73% respectively. Japan ranks second and third in terms of import volume with $1.51 million (10.64%) and Malaysia with $43600 (0.31%), respectively. The second and third ranked countries in terms of export value are South Korea at $4.7668 million (13.44%) and Japan at $4.4981 million (12.69%), respectively.

 3. Commonwealth of Independent States

In the first half of 2023, the total import and export trade of monitoring equipment between China and CIS countries was 7.4731 million US dollars, down 15.77 percent from the same period last year. Among them, the export volume was 7.4731 million US dollars and the import volume was 0 US dollars.

Figure 9 Total import and export volume and growth rate of guardianship equipment between China and “CIS” countries in the first half of 2023

From the export trade data of CIS countries, Russia ranked first with exports of $4.942,900, down 27.97%; Followed by Kazakhstan $633,800, down 42.55%; Uzbekistan ranked third with $603,500, an increase of 203.50%. In addition, Tajikistan has a higher growth rate of 1930.98%.

5. Key countries or regions

（1）Export Market

In terms of import market, Germany, the United States, Mexico and other countries Were the main sources. Germany ranked first, with imports reaching $25,948,900, accounting for 24.07%. Followed by the United States $22,454,400, accounting for 20.83%. In addition, Israel has a higher growth rate of 222.04%.

（3）Export Market

In terms of export market, in the first half of 2023, China’s guardianship equipment exports were mainly the United States, India, the Netherlands and other countries and regions. Ranked first was the United States, imports reached 89.6942 million US dollars, accounting for 31.97%. It was followed by India with 23.3863 million US dollars, accounting for 8.33%. In addition, Singapore increased by 115.45%.

Table 6 The Top10 export markets of China’s guardianship equipment exports in the first half of 2023

6. Trade analysis by province

（1）Import Market

From the national import customs port trade data point of view, in the first half of 2023, the highest amount of guardianship equipment imports in China was Shanghai, the import amount reached 74,660,800 US dollars, accounting for 69.24% of the country; Guangdong Province ranked second and third respectively with 16.1834 million US dollars (15.01%) and Beijing with 10.0352 million US dollars (9.31%). In addition, Jiangxi Province, Shandong Province, Jiangsu Province, the growth rate ranked in the top three, respectively, 642.47%, 474.98% and 240.54%.

（2）Export Market

From the trade data of the national export customs ports, the export volume in the first half of 2023 ranked first in Guangdong Province is 19,8611,100 US dollars, accounting for 70.78% of the country; Shanghai ranked second and third respectively with $28.236,500 (10.06%) and Jiangsu Province with $17.012,700 (6.06%). In addition, Henan Province, Chongqing and Guangxi Zhuang Autonomous Region increased significantly, with 530.83%, 466.11% and 398.74%, respectively.

(3) Analysis of the top five provinces by import volume

1）Shanghai Municipality

In the first half of 2023, the amount of imports in Shanghai totaled 74,660,800 US dollars, an increase of 50.50% year-on-year and 23.84% quarter-on-quarter. In the first half of 2023, the amount of imports in Shanghai totaled 74,660,800 US dollars, an increase of 50.50% year-on-year and 23.84% quarter-on-quarter.

Figure 10 The import amount and growth rate of monitoring equipment in Shanghai from 2021 to the first half of 2023

2）Guangdong Province

Guangdong Province’s imports in the first half of 2023 totaled 16.1834 million US dollars, down 38.31% year-on-year and up 22.04% quarter-on-quarte

Figure 11 Import volume and growth rate of monitoring equipment in Guangdong Province from 2021 to the first half of 2022

3)Beijing Municipality

Beijing’s imports in the first half of 2023 totaled 10.0352 million US dollars, down 16.40% year-on-year and up 14.94% quarter-on-quarter.

Beijing’s imports in the first half of 2023 totaled 10.0352 million US dollars, down 16.40% year-on-year and up 14.94% quarter-on-quarter.

4)Zhejiang Province

In the first half of 2023, the import amount of Zhejiang Province totaled 3,016,800 US dollars, an increase of 4.39% year-on-year and 13.78% quarter-on-quarter.

Figure 13 Import volume and growth rate of monitoring equipment in Zhejiang Province from 2021 to the first half of

5)Jiangsu Provincce

The import value of Jiangsu Province in the first half of 2023 totaled $2.8373 million, an increase of 240.54% year-on-year and 188.30% sequentially. The import value of Jiangsu Province in the first half of 2023 totaled $2.8373 million, an increase of 240.54% year-on-year and 188.30% sequentially.

Figure 14 Import volume and growth rate of monitoring equipment in Jiangsu Province from 2021 to the first half of 2023

（4）Analysis of the top five export provinces

1）Guangdong Province

Guangdong Province’s exports in the first half of 2023 totaled 19,8611 million US dollars, down 16.40 year-on-year and up 7.64% quarter-on-quarter.

Figure 15 Export volume and growth rate of monitoring equipment in Guangdong Province from 2021 to the first half of 2023

2)Shanghai Municipality

In the first half of 2023, the export value of Shanghai totaled 28.236,500 US dollars, an increase of 67.55% year-on-year, and a decrease of 25.12% quarter-on-quarter.

Figure 16 Export volume and growth rate of Shanghai monitoring equipment from 2021 to the first half of 2023

3).Jiangsu Province

In the first half of 2023, the export value of Jiangsu Province totaled 17,012,700 US dollars, an increase of 29.21% and a decrease of 32.40%.

Figure 17 Export volume and growth rate of monitoring equipment in Jiangsu Province from 2021 to the first half of 2023

4)Fujian Province

In the first half of 2023, the export value of Fujian Province totaled 16.1972 million US dollars, an increase of 308.12% year-on-year and an increase of 11.98% quarter-on-quarter.

Figure 18 Export volume and growth rate of monitoring equipment in Fujian Province from 2021 to the first half of 2023

5)Beijing Municipality

Beijing’s exports in the first half of 2023 totaled 8.1886 million US dollars, an increase of 132.60% and a quarter-on-quarter increase of 22.01%.

Figure 19 Export volume and growth rate of monitoring equipment in Beijing from 2021 to the first half of 2023

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ArticleSource：Joinchain

Data Source：MDCLOUD

Translated & edited ： Bradyknow