In April, the export growth rate became positive compared with the same period last year, and exports to Europe, the United States and ASEAN picked up significantly. According to the announcement of the General Administration of Customs on May 9, 2024BoostpayslotIn dollar terms, in April 2024, the total value of national exports was 2924.Boostpayslot.500 million US dollars, an increase of 1% over the same period last year.BoostpayslotIn April 2024, China's exports totaled 2.0762 trillion yuan, up 5.1% from the same period last year and 4.9% in April to April. Itemized, the export value of mechanical and electrical products (denominated in US dollars, the same below) increased by 3.4% year-on-year from January to April, while the export value of general machinery and equipment increased by 11.3%. From a regional point of view, the cumulative year-on-year growth rates of China's exports to the United States, the European Union, ASEAN, Japan, South Korea, Russia, India and Latin America from January to April were-1%,-4.8%, 6.3%,-9.2%,-7.4%,-1.9%, 0.2% and 7.7%, respectively. Exports to Europe, the United States and ASEAN picked up significantly compared with March. The operation of the leading companies in the tool industry has improved, and the prosperity of the tool industry may appear an inflection point. On May 9, Quanfeng Holdings announced that the company's sales improved in the first four months of this year, and showed a positive acceleration trend: "BoostpayslotAfter facing challenges in the 2023 industry destocking cycle, we believe that our business has reached an inflection point, recording high double-digit growth in April and positive year-on-year growth in the end market and shipments compared to the same period in 2023. " On May 10, Superstar Technology announced that the company recently obtained a purchase confirmation from a large retail company in the United States for the 20V cordless lithium battery power tools series and related spare parts. the procurement scope is for the sales and services of all this series of power tools and spare parts in thousands of stores in North America in the next three years, with an estimated order value of not less than US $30 million per year. Container volume and price trends show that manufacturing demand is picking up, and the rebound in global manufacturing is expected to support exports. The cumulative output of 24M1-3 metal containers in China was 39.995 million cubic meters, a sharp increase of 124.8% over the same period last year. Metal container production has been significantly repaired this year after two consecutive years of contraction. At the same time, container freight rates have also increased significantly. Take the container market freight rate from Shanghai Port to European basic port as an example, the average freight rate of 24M1-4 is US $2394 / TEU, an increase of more than 150% over the same period last year. The global manufacturing climate index is also picking up synchronously. In April, the global manufacturing PMI was 50.3%, which has been in the expansion range for four consecutive months. We believe that external demand is expected to continue to recover, supporting China's machinery export demand. We believe that the rebound in the global manufacturing sector since the beginning of this year and the recent micro-observation of the recovery of industries and enterprises have together provided support for the rebound of export data in April. We judge that export demand is expected to continue to repair for some time to come, and recommend to focus on offshore equipment companies: superstar Technology (002444, unrated), Quanfeng Holdings (02285, unrated), Chunfeng Power (603129, unrated), Glibo (301260, unrated), Jet Cheong driver (603583, unrated), Jack shares (603337, unrated), Frank (603966, Buy). The risk suggests that the recovery of the overseas manufacturing sector is not as good as expected, and the international situation affects China's exports. [disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.
[disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.
