Exports of electromechanical companies are expected to be good

China Chamber of Commerce for Import and Export of Machinery and Electronic Products on April 18 in the 123th Canton Fair, said that the Chamber of Commerce will be the current Canton Fair nearly 600 Chinese mechanical and electrical enterprises were investigated, according to preliminary statistical analysis, the current business demand for exports, the international market is expected to be better.

The chamber of commerce stated that the current China Fair for Mechanical and Electrical enterprises expects the export situation to be better than the same period of last year. In terms of the expected export situation in the second quarter of 2018, 53.7% of the enterprises are expected to achieve growth; 28.7% of enterprises expect the export situation to be basically the same as last year; 17.5% of enterprises expect the export situation to decline. In view of the export situation in 2018, 56.5% of the enterprises are expected to achieve growth.
The confidence of the Chinese electromechanical enterprises in this session of the Canton Fair has been enhanced. The proportion of companies expected to perform well in Asia, North America, Europe, and Africa is 59.1%, 36.2%, 45.9%, and 40.2%, respectively.

The awareness of R&D and innovation of the Chinese mechanical and electrical enterprises of the Canton Fair increased, and the proportion of self-owned brands increased. 47.1% of the companies stated that the R&D expenditures for science and technology had increased compared with the same period of last year, 50.6% of the companies had remained at the same level as the same period of last year; 19.5% of the enterprises' own-brand exports accounted for an increase compared with the same period of last year, and 77% of the companies had the same level as the same period of last year.

At the same time, the Chinese Chamber of Commerce for Import and Export of Machinery and Electronic Products pointed out at this session of the Canton Fair that Chinese electromechanical companies “go global” due to the global market layout or the need to circumvent international trade barriers. Overseas economic and trade cooperation zones can help enterprises survive better, and The benefits are significant, and the profits made have also returned to China for reinvestment.
Shandong Langrui Electric Motor Co., Ltd. has participated in several Canton Fairs for a long time. Langrui is a professional electric motor manufacturer and supplier. It has many years of experience in manufacturing and R&D. It mainly exports squirrel cage induction motor, slip ring induction motor, explosion proof motor and single phase induction motor.

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