China’s Ship Export Experienced a Slump in 2012

In 2012, China’s ship exports amount to 36.127 billion U.S. dollars, down by 13.4%, and the export volume was 2,748,300 ships, a year-on-year decrease of 3.9%. And the average export price reached $ 13,100 / vessel, a year-on-year decline of 9.9%.

Calculated by the turnovers of exports, Hong Kong, Singapore and Panama were the top three export destination of China’s ship industry. From January to November 2012, China’s exports to Hong Kong, China amounted to $ 9.316 billion, down by 3.6%; exports to Singapore amounted to $ 5.329 billion, down by 0.3%, while the exports to Panama reached $ 2.557 billion, a year – on – year decline of 3.7%. Among them , Hong Kong’s market share increased from to 25.1% (from January to November 2011) to 27.3% (from January to November) ;likewise? Singapore ‘s market share increased from 13.9% to 15.6% ; and the Panamanian market share increased from 6.9% to 7.5% over the same period.

From January to November 2012, China had made a total of $ 26.516 billion ship export in its top ten export markets, accounting for 77.8% of the overall ship export. Export destination countries and regions ranked from the fourth to tenth were Liberia, South Korea, the Marshall Islands, Germany, Malta, the Netherlands and Cyprus respectively.

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