China engine import and export grow in H1

Shanghai, August 7 (Gasgoo.com) China's engine imports rose 16.58% year on year in the first half of 2008 to be valued at $813 million dollars, while import volume declined by 9.38% year on year, standing at 278,000 units.

A total of 249,100 gasoline engines were imported in China in H1 2008, 8.41% lower year-on-year. Gas-engine import in the period was $634 million, up 16.23% year on year. The import volume of engines in the 1,000 ml to 3,000 ml range dipped 1.58% to 229,400 units, accounting for 92.09% of the total imports of gas engines.

The H1 import volume of diesel engines fell 16.83% to 28,911 units, with import value up 18.01% to $179 million. The import volume of diesel engines below 132.39kW was 20,974 units, constituting 72.55% of the total.

China import engines from some major countries including Japan, Hungary, German, South Korea, Australia and the like. Japan is the largest engine sourcing country with 136,600 finished engines exported to China in H1, 54.84% of the overall import volume.

The average price of imported gas engines was $2,544 per unit, while that of diesel engines was $6,196 per unit. The diesel engine with power higher than 132.39kW was sold at $163,800.

H1 engine export value was up 14.46% y-o-y to $372 mln, with export volume totaled 234,000 units, growing slightly by 2.32% year-on-year.

China exported some 223,100 gasoline engines in H1 2008, up only 6.39% year-on-year. Exports of gas engines totaled $326 mln, up 4.82% year-on-year. Volume of engines with the 1,000 ml to 3,000 ml range displacement rose 4.06% to 146,700 units, 65.76% of the total gas engine exports.

Diesel engines export in the first six months surged 231.01% to $46 million, with export volume declining 42.87% to 10,893 units. A total of 4,313 diesel engines of or beyond 132.39kW were exported, representing 251.51% of the total engine exports.

Countries like Japan, Canada, South Korea, Myanmar, Russia and the U.S. are main export destinations of Chinese engines in H1, with 95,100 Chinese engines exported to Japan, counting for 42.63% of all the export volume.

The average price of exported gas engines was $1,459 per unit, while that of diesel engines was $4,254 per unit.

China H1engine import and export statistics