Bearing industry profits representing a decrease in exports and imports also fell a lot

According to statistics, from January to June, China's bearing industry realized a total profit of 1.45 billion yuan, representing 41.87%, while also bearing inventory turnover of 4.7 billion yuan from the same period last year increased to 5.23 billion yuan
According to statistics, from January to June, China's bearing industry realized a total profit of 1.45 billion yuan, representing 41.87%, while also bearing inventory turnover of 4.7 billion yuan from the same period last year increased to 5.23 billion yuan, an increase of 11.30%. The first half of this year, the China Tapered bearing Industry Association statistics, 117 companies (104 in summary) with 63 bearings total corporate profits decline over last year, accounting for the total number of enterprises for 60% of corporate profits has three flat with last year Only 38 of total corporate profits increase.
Bearing industry the main production enterprise production month Express showed that during the first half of this year, China's bearing industry, 104 enterprises involved in statistical production totaled 2.11 billion sets of bearings, up 4.76%; sales of 19.5 million units, down 2.89 percent.
Although production has increased, but the output was down there. First half of the total industrial output value of 28.31 billion yuan, down 6.97 percent, industrial sales output value of 28.17 billion yuan, down 6.60 percent.
Import and export, from January to June this year, China's total exports of 2.239 billion sets of Precision bearing  compared with a 2.4% decrease over the same period last year, earning $ 2.205 billion, compared with the same period last year, an increase of 7.6%. Imported a total of 957 million sets of bearings, use of foreign exchange $ 1.731 billion, respectively, over the same period last year dropped by 5.8% and 16.82%. Compared with last month, import and export trade surplus continued to increase, $ 474 million surplus.
From the export product composition, cylindrical roller bearings remain substantial growth year on year, but last month, an increase of 150.33% of the run, the growth rate continues to decline, an increase of 141.7%; self-aligning bearings are also only 6.7% growth rate, the other bearing also appeared different rate of decline.
Amount of foreign exchange to keep up with month, there has been a slight change. Thrust ball bearings which changed the previous months of the year reduced status in June of foreign exchange earnings grew by 11.1%, in addition to self-aligning roller bearings declined slightly, other than the same period last year there has been growing phenomenon.
Association, the experts pointed out that changes in the structure of exports bearings need attention. But the whole point of view of export products, export volume and foreign exchange earnings growth rate compared with the previous month, the growth rate continued to decline.
View from the composition of imported bearings, deep groove ball bearings of the year has changed, a slight increase in other products is basically the same with the previous month, only the angular contact ball bearings, thrust ball bearings, cylindrical roller bearings and tapered roller bearings a slight increase in imports. Use of foreign exchange, in addition to the number and thrust ball bearings are in the use of foreign exchange turnover growth, tapered roller bearings, angular contact bearings, cylindrical roller bearings imports growth but with the amount of foreign exchange, although they are all declining. Overall, imports and use of foreign exchange turnover has shown a decline.