In the first quarter of 2013, China’s accumulated value from ship exports came to $7.04bn, down by 26.7% comparing with the same time period a year ago.
According to the General Administration of Customs of China, China’s ship exports in Q1 continued the downtrend seen from the second half of last year, of which, the ship exports recorded in March amounted to $2.34bn, down by 12.7% from a year ago, but slightly bounced back showing a month-on-month rise of 28%.  
Hong Kong, ASEAN, EU and Africa and etc. were China’s major target markets for ship exports. China exported $1.89bn worth of vessels, down by 33.4% year-on-year to Hong Kong, while a total of $1.56bn vessels to ASEAN, increased 21.8% against the same period of last year. Chinese builders exported $960m worth of vessels to EU and $860m to Africa, each showing a 45.1% fall and a 2.1% rise. Ship exports to the above four regions were reported to account for 74.9% of total.  
China’s state-owned builders exported a total of $3.3bn of vessels in the first quarter of the year, showing a decline by 38.7% from the same time period of last year and representing 46.9% of China’s total ship export. During the same period, foreign-funded companies exported $2.54bn vessels, down by 2.8% y-o-y, while privately-owned companies posted $1.2bn worth of ship exports with a year-on-year decline by 25.4%.  
During the same period, total amount of bulker export came to $3.69bn with a 40.3% decline from the same time period of the previous year, however, still accounting for the largest portion, 52.4% of China’s total ship exports. As for gas carrier, a total of $1.14bn worth of units were exported with a year-on-year decline of 3.8% while containership export came to $720m, a 27.2% rise from a year ago.