China Becomes the Largest Exporter of Mechanical

According to the statistics of Japan’s Machinery Import and Export Organization, China will surpass Germany in 2008 becoming the world’s largest exporter of mechanical and electrical products.
In 2008, China’s export amount on machinery and electrical products was JPY78.4781t, up by 3.5% year-on-year, and that of Germany was JPY78.4659t, down 4.1% year-on-year.
With the downturn of global economy, the world’s auto exports fell to the lowest point, with the exception of China’s electronic products such as computers and mobile phones continued to maintain a high growth. Especially the televisions and mobile phones was with the absolute cost advantages.
China’s largest export destination for mechanical and electrical products is Europe and Hong Kong China, accounting for 21.7% and 18.3% respectively of the total exports.