According to the latest information from the National Development and Reform Commission, the investment in instrumentation and cultural machinery manufacturing in the first five months of this year reached 11.6 billion yuan, a year-on-year increase of 39%. According to customs data, the export value of instruments and meters in the first quarter was US $ 9.441 billion, a year-on-year increase of 40.2%. Imports in the first quarter were US $ 17.970 billion, a year-on-year increase of 35%.
The products with rapid output growth include digital cameras, composition analysis instruments, and cameras, with year-on-year growth rates of 401%, 3965%, and 3477%, respectively.
Although the overall technical level of China's instrumentation industry is not strong compared with developed countries abroad, in recent years, some products have continued to expand their market share abroad. Data show that the export delivery value of China's instrumentation industry increased by 39.2% year-on-year, and the export value exceeded one quarter of the total output value. These data show that the rapid growth of the entire industry is more obviously driven by exports, but at the same time, changes in the international market have also increased the impact on the entire industry.
In terms of exports, labor-intensive products represented by electricity meters and water meters are still bright spots. At present, China has become the largest exporter of these two types of products.
From the perspective of industry financial data, due to the rapid development of China's economy, which has driven the rapid growth of the demand for the instrumentation industry, China's instrumentation industry revenue and profits have achieved rapid growth of more than 20% for five consecutive years. It is expected that under the background of rapid economic development, the overall growth of the instrumentation industry this year and next will remain above 20%.