The following are the foreign trade operations and characteristics of China’s CNC milling machines in the first half of 2014

(A) Bilateral trade between the European Union, the United States, Japan, and ASEAN continues to grow

In the first half of 2014, the bilateral trade volume with the EU, the United States and Japan was US$291.442564 billion and US$151.73 billion respectively, an increase of 11.9%, 3.5% and 5% respectively. The transaction volume of Hong Kong and Taiwan was US$106.35 billion and US$92.82 billion, down 22.4% and 8.2%, respectively. The decline was 4.2 and 4 percentage points smaller than five months ago. Among emerging economies, bilateral trade with ASEAN maintained a growth rate of 4.8%, an increase of 1.2% over the previous five months. Vertical milling machines are also increasing.

In addition to the decline in the trade volume of the BRIC and South Africa (-23.1%), the trade volume of Brazil, Russia and India increased by 5%, 3.3% and 6.8% respectively.

(B) Exports of mechanical and electrical products and high-tech products have declined, traditional labor-intensive exports have increased in volume, and prices of imported goods have maintained their momentum. In the first half of the year, exports of mechanical and electrical products and high-tech products were 5988.6 US dollars and 296.48 billion US dollars, down 1.6% and 7.7% respectively, and down 1.2% and 1.2% from the previous month. Machining centers, CNC milling machines or micro milling machines are all increasing during this period.

The exports of seven labor-intensive products of textiles, clothing, luggage, shoes, toys, furniture, and plastic products amounted to US$217.09 billion, an increase of 4% from 2.8% in the previous five months, an increase of 4%, and an increase of 3.0%. 0.5% higher than last year.

The following paragraphs will also be about trading vmc, the new content of the machine center.