March, 2013 | CIE SOURCING

Archive for March, 2013

China’s Ship Export Experienced a Slump in 2012

Posted on March 30, 2013 by Xixi in General News, Headline, Importing from China Comments Off

In 2012, China’s ship exports amount to 36.127 billion U.S. dollars, down by 13.4%, and the export volume was 2,748,300 ships, a year-on-year decrease of 3.9%. And the average export price reached $ 13,100 / vessel, a year-on-year decline of 9.9%.

Calculated by the turnovers of exports, Hong Kong, Singapore and Panama were the top three export destination of China’s ship industry. From January to November 2012, China’s exports to Hong Kong, China amounted to $ 9.316 billion, down by 3.6%; exports to Singapore amounted to $ 5.329 billion, down by 0.3%, while the exports to Panama reached $ 2.557 billion, a year – on – year decline of 3.7%. Among them , Hong Kong’s market share increased from to 25.1% (from January to November 2011) to 27.3% (from January to November) ;likewise? Singapore ‘s market share increased from 13.9% to 15.6% ; and the Panamanian market share increased from 6.9% to 7.5% over the same period.

From January to November 2012, China had made a total of $ 26.516 billion ship export in its top ten export markets, accounting for 77.8% of the overall ship export. Export destination countries and regions ranked from the fourth to tenth were Liberia, South Korea, the Marshall Islands, Germany, Malta, the Netherlands and Cyprus respectively.

The 2012 CNC Machine Tool Imports Declined in Volume Yet Increased in Value

Posted on March 28, 2013 by Xixi in Headline, Importing from China Comments Off

From January to December 2012, China’s CNC machine tool imports amounted to $ 4.56 billion, a year – on – year decrease of 11.6%; import volume reached 15,600 units, down by 29.8%; the average import price amounted to $ 292,900 / units, a year – on – year growth of 26.0%.

In December, China’s CNC machine tool import turnover amounted to $ 351 million, down by 32.7% and the qoq reduced to 14.1%; imports volume reached 1266.00 /units, down by 26.9%, and its qoq reduced to 15.8%; while the average import price reached $ 277,500 /unit, a year-on-year growth of 2.1% and the qoq increased by 2.1%.

In terms of the import turnover, Japan, Germany and China Taiwan are the top three import sources of China’s CNC machine tool. Countries ranking from the fourth place to the tenth place were Italy, South Korea, the United States, Switzerland, Spain, the United Kingdom and Austria respectively. From January to December 2012, imports from Japan reached $ 1.403 billion, a year-on-year decrease of 8.2%; imports from Germany reached $ 1.141 billion, a year-on-year decline of 18.4%; imports from China Taiwan amounted to $ 502 million, down by 14.9%. The top 10 import source countries and regions of CNC machine totaled a turnover of 4.294 billion U.S. dollars, accounting for 94.2% of the total import of CNC machine tools from January to December.

Chart: Share of Major Source of Import of China’s CNC Machine Tools

China’s Auto Imports Witnessed Strong Growth in 2012

Posted on March 24, 2013 by Xixi in China Export News Comments Off

In 2012 , China’s automobile (including complete sets and spare parts ) imports turnover amounted to 47.512 billion U.S. dollars , a year – on – year growth of 10.4% ; imports volume reached 1,134,900 vehicles, up by 9.7% ; the average import price was $ 41,900 / vehicle , a year – on – year increase of 0.6%.In terms of the amount of imports, Germany, Japan and the United States are China’s top three sources of imports of automobiles. In 2012, China’s imports from Germany amounted to $ 17.713 billion, a year – on – year growth of 10.5%; imports from Japan reached $ 7.606 billion, down by 6.5%; where the imports from the U.S. accounted for $ 7.363 billion, a year – on – year growth of 25.7%. Among them, the German market share decreased from 37.3% in 2011 to 37.3% in 2012; Japan’s market share decreased from 18.9% in 2011 to 16.0% in 2012; while U.S. market share increased from 13.6% in 2011 to 15.5 % in 2012.

In 2012, the overall import turnover of automobiles from the top ten source countries (including complete sets and spare parts) reached a total of 45.673 billion U.S. dollars, accounting for 96.1% of all automobiles imported. . Import source countries and regions ranking from the fourth to tenth are the United Kingdom, Slovakia, South Korea, Mexico, Belgium, Portugal and Sweden.

The Ministry of Commerce Department Made Preliminary Decision to Take Temporary Anti-Dumping Measures on Toluidine Imported from the EU

Posted on March 14, 2013 by Xixi in Anti Dumping, Legal 1 Comment »

On February 28, the Ministry of Commerce issued Public Notice No. 11 of 2013, announcing the preliminary decision to take temporary anti-dumping measures on toluidine imported from the EU.

According to the Notice, under the investigation of the Ministry of Commerce, the dumping of toluidine imported from the EU has caused substantial damage to China’s domestic industry and there exists a causal relationship between the dumping and material injury. In accordance with the relevant provisions of the Anti-dumping Regulations of the People’s Republic of China, the Ministry of Commerce decided that temporary anti-dumping measures in the form of a margin deposit for security should be implemented on the products mentioned above. Since March 1, 2013, when importing these products, import operators should provide margin money to the China Customs in accordance with dumping margin of each company stipulated in the preliminary decision.

In response to the application of the domestic toluidine industry, The Ministry of Commerce carried out anti-dumping investigation of these products ever since June 29, 2012.

Introduction of China Processing Trade

Posted on March 10, 2013 by Xixi in Glossary, Knowledge 1 Comment »

1. What are processing with imported material and processing with supplied material?

Processing with imported material refers to a business mode whereby a domestic entity with the power to engage in foreign trade uses foreign exchange to purchase imported raw materials, sources, supplementary materials, accessories, parts and components, and wrapping materials(hereinafter referred to as materials and parts ) so as to process these into finished products for re-export. Processing with imported material can be categorized into 2 types: compatible custom contract on processing with imported materials and non-compatible custom contract on processing with imported materials.

Processing with supplied materials refers to the business activities in which all or part of the raw materials, auxiliary materials, spare parts, components, accessories and packaging materials (hereinafter referred to as materials and parts)are supplied by the overseas enterprise, and the operating Chinese enterprise just carries out processing or assembling in accordance with the requirements of the overseas enterprise, and charges for the processing, with the finished products being marketed by the overseas enterprise

2. What are the differences between the processing with imported material and processing with supplied material?

When it comes to processing with imported material, domestic companies shall use foreign exchange to purchase imported materials and parts, whereas in processing with supplied material, the overseas enterprises shall provide all or part of the raw materials and parts and do not take up our foreign exchange. The processing with imported materials require the domestic companies to be solely responsible for production, sales, profit, losses, as well as risks; while in processing with supplied materials, domestic companies have no ownership, do not participate in the distribution of benefits, and do not bear any economic risks.

3. What are compatible custom contract on processing with imported materials and non-compatible custom contract on processing with imported materials?

Compatible custom contract on processing with imported materials refers to domestic enterprises with the right to operate import and export sign imported materials and parts contract and corresponding export finished contracts (including different customers’ corresponding affiliated contract ), finished products produced with the imported materials and parts, their amount and sales flow shall be determined in the import and export contracts.

Non-compatible custom contract on processing with imported materials refers to domestic enterprises with the right to operate import and export sign imported materials and parts contracts. And the export finished contracts have not signed yet when reported to the Customs for the record, , finished products produced with the imported materials and parts, their amount and sales flow shall not be determined in the import and export contracts

4. How would the Customs supervise the non-compatible custom contract on processing with imported materials?

The non-compatible custom contract on processing with imported materials will be fixed bonded, namely, when importing the 15 kinds of goods prescribed by the State, 5% of the tax shall be levied upfront and the rest 95% shall be in bond. For other materials and parts, 15% of the tax shall be levied upfront and the rest 85% shall be in bond. After the export is completed, the extra export amount can be rebated while an overdue tax shall be paid when the export volume is less than expected.