China’s Mechanical & Electrical Exports Grow 8.7% in 2024, High-End Equipment Surges Over 40%

Release time：2025-03-25    Click：60

In 2024, China’s exports of mechanical and electrical (M&E) products maintained robust growth, rising by 8.7% year-on-year and accounting for 59.4% of total exports. Notably, high-end equipment exports soared by over 40%, highlighting China’s accelerating shift toward advanced manufacturing.

1. Steady Growth in M&E Exports

China’s M&E exports reached X trillion yuan (insert data if available), driven by:

Consumer electronics (smartphones, laptops) – steady demand;

EVs & lithium batteries – exports up >30%, reinforcing China’s global dominance;

Solar & energy storage equipment – boosted by worldwide energy transition.

2. High-End Equipment: A Standout Performer

Exports of high-end manufacturing equipment, including semiconductor machinery, industrial robots, aerospace tech, and smart manufacturing systems, surged over 40%. Key drivers:

Policy & Industrial Upgrading

Government initiatives like "Made in China 2025" prioritized high-end equipment;

Increased R&D investment enhanced global competitiveness.

Global Supply Chain Shifts

Western "reindustrialization" raised demand for Chinese precision machinery;

Emerging markets’ infrastructure projects fueled exports of heavy equipment.

Tech Breakthroughs & Brand Recognition

Progress in chipmaking tools, commercial satellites, and automation;

Growing acceptance in advanced markets (e.g., EU, Japan).

3. Challenges & Outlook

Despite strong growth, challenges persist:

Trade barriers: Export controls/tariffs on high-tech products (e.g., U.S. CHIPS Act);

Competition: Rivalry with EU, South Korea in advanced machinery;

Supply chain risks: Dependence on imported core components (e.g., high-end semiconductors).

To sustain leadership, China must focus on innovation, market diversification, and supply chain resilience.