China’s export of mechanical, electronic products increases in 2012

China increased the value of its exports of mechanical and electronic products to 1.18 trillion US dollars in 2012, taking up a greater share of the global market, according to new data published by Chinese News Agency (Xinhua).Vice Commerce Minister Jiang Yaoping said that the 8.7% year-on-year growth brought the global share achieved by products from China to 16.1% in the first 11 months of last year, up 0.9% points from 2011.The combined import and export volume of the products rose 6.7% year on year to 1.96 trillion US dollars, he said.Exports of mechanical and electronic products, accounting for 57.6% of China’s total exports, reached more than 230 countries and regions in the world and grabbed 29.1% of market share in emerging economies, Jiang added.He advised enterprises to strengthen efforts in research and development and improve market diversification to fend off rising protectionism amid a sluggish global economic recovery.2012 was the 18th consecutive year in which the mechanical and electronic sector has been China’s number-one exporter in trade volume.