China Exports over $10bn Ships

During the first three months of the year China's ship exports reached $10.05bn, a 5.21% y-o-y increase, and ship import value rose 32.85% to $490m, According to the statistics from the China's Customs Office.
Total ship exports and imports were $10.55bn, a 6.22% y-o-y increase. Out of vessel exports, bulker exports totalling $5.74bn accounted for 57.11% of the total exports value. Exports of bulkers over 150,000 dwt posted $3.79bn, a 9.36% y-o-y increase.
Tanker exports arrived at $1.38bn, accounting for 13.73%. Containership exports reached $380m, a 63.86% y-o-y decrease, accounting for 3.78% of the total ship exports. Chinese delivered only the containerships below 6,000 teu class.
Multi-purpose vessel exports posted $490m, a 7.57% y-o-y increase, and exports of floating or semi-submersible drilling and production platform reached $340m, a 788.14% y-o-y increase.
A total of ten regions posted ship export value of above $100m. Among them, the Jiangsu Province topped the list with $2.3bn in ship export value, followed by the Zhejiang Province with $1.7bn and Shanghai with $1.3bn.


