FAQ

The plastic mold trade deficit is increasing year by year

The plastic mold trade deficit is increasing year by year
71Views

Although the increase in the export of plastic molds is greater than the increase in imports in recent years, the absolute increase is still that imports are greater than exports, resulting in an increase in the mold trade deficit year by year. This situation has improved in 2006, and the deficit has decreased slightly. There are two main reasons for the increase in the mold foreign trade deficit: First, the sustained high-speed development of the national economy, especially the rapid development of the automotive industry has brought strong demand for molds. Some high-end molds cannot be produced domestically and have to be imported; but there are some Moulds can be produced domestically and imported. This is related to China’s current tariff policy and project approval system. The second is insufficient encouragement for mold exports. Now that the mold is the same as other electromechanical products, the export tax rebate rate is only 13%, but not 17%.
From the forecast report of the development prospect of China’s plastic mold industry, understand that plastic mold manufacturers should focus on the development of large-scale, precise, complex and long-life molds with high technological content, and vigorously develop the international market and develop export molds. With the rapid development of China’s plastic industry, especially engineering plastics, it is foreseeable that the development speed of China’s plastic mold will continue to be higher than the overall development speed of the mold industry, and the annual growth rate will remain at a level of about 20% in the next few years.

In recent years, the plastic mold industry has developed rapidly in China, and it is accompanied by increasingly fierce market competition. After joining the WTO, foreign mold manufacturers enter the domestic market. Specialized production is essential.
As one of the pillar industries of my country’s light industry, the plastic industry has maintained a growth rate of more than 10% in recent years. In the plastic industry, the plastic hardware industry market is very active, becoming a new consumer hot spot and a new economic growth point. The prospect of the plastic hardware mold market is considerable, but it is far from the level of foreign technology.
At present, my country’s mold needs to break through the bottleneck restricting the development of the mold industry. Because with the rapid development of China’s pillar industries such as machinery, automobiles, home appliances and building materials, plastic molds account for about 30% of the entire mold industry. However, due to the complicated shape of plastic mold parts and high requirements for their design level, therefore, the technical level of mold test results inspection must be innovative and keep up with the trend of the times, otherwise the development of plastic molds will be restricted.
The industry believes that mold manufacturing companies must improve their own technology to break through the bottleneck. At the State Council meeting on the 26th, the Prime Minister of the People’s Republic of China also stated that today’s technological revolution plays an extremely critical role in economic development and promotion of economic upgrading. It advocates mass entrepreneurship and innovation, and also uses innovative means to promote entrepreneurship.

Leave a Reply