China’s Mechanical and Electrical Products Exports Rise to 59.4% of Total in 2024

Release time：2025-03-25    Click：22

In a significant development for China’s trade structure, mechanical and electrical products accounted for 59.4% of the country’s total exports in 2024, marking a steady increase from previous years. This growth underscores China’s continued dominance in high-value manufacturing and its pivotal role in global supply chains.

Key Drivers of Growth

Technological Advancements – China has strengthened its position in high-tech manufacturing, including semiconductors, electric vehicles (EVs), and renewable energy equipment.

Global Demand – Rising international demand for electronics, machinery, and smart devices has fueled export growth.

Policy Support – Government initiatives, such as tax incentives and R&D subsidies, have boosted competitiveness in the sector.

Sector Performance

Automotive Exports – China surpassed Japan as the world’s top auto exporter in 2023, with EVs playing a major role.

Consumer Electronics – Smartphones, laptops, and IoT devices remained key export items.

Industrial Machinery – Increased infrastructure investments in emerging markets drove demand for Chinese machinery.

Challenges Ahead

Despite strong performance, China faces pressures from trade restrictions (e.g., U.S. and EU tariffs) and competition from Southeast Asian manufacturers. Moving forward, innovation and supply chain diversification will be crucial for sustaining growth.

China’s rising export share in mechanical and electrical products highlights its evolving industrial capabilities, reinforcing its status as the "world’s factory" while transitioning toward high-tech dominance.