Analysis on Trade Situation of Suspended Platform Industry in 2018

In 2018, the global economic situation is uncertain, the global trade situation is pressing, the political turmoil in the euro area and the risk events of Britain's departure from Europe come and go. Against the background of international trade, China's suspended platform industry has achieved remarkable performance, and its exports have increased significantly over the past year, despite the impact of the persistent downturn of the international economy, especially the negative impact of the U.S. trade policy. By the end of December, according to the statistics of the major manufacturers under the customs data of 8428909090, the suspended platform enterprises had earned 10.5364 million US dollars in foreign exchange. The following is an analysis of the export trade of China's major suspended platform enterprises from January to December 2018.

Export Market Distribution

In 2018, China's suspended platform exports to 204 countries and regions, the total number of the top 10 exporters accounted for 54.24%, and the amount accounted for nearly 39.5%. The United States and Japan ranked the top two, South Korea fell out of the top ten, and Southeast Asian countries with booming economies in recent years accounted for four.

Operational Situation of Suspended Platform Manufacturers in China

Wuxi, Jiangsu Province, is the main production base for production and export of suspended platform in China. Wuxi's suspended platform enterprises also have a high level of technological research, production and knowledge innovation in the whole suspended platform industry. As can be seen from the table below, the total sales of Southern enterprises represented by Wuxi in 2018 are better than those of northern enterprises. But in the top ten, Wuxi enterprises only occupy 4 places, while northern enterprises occupy 6 places. Compared with previous years, many traditional Wuxi enterprises have fallen out of the top 10. Low price is a consistent means of competition for Northern enterprises, but a simple price war is bound to bring adverse effects to the industry. These new situations have sounded an alarm bell for Wuxi enterprises and even the whole suspended platform industry. The inherent knowledge and technology need innovation urgently, and products must be upgraded and replaced. In 2019, Wuxi enterprises and suspended platform industry are facing severe challenges, but there are also many new opportunities.