2012 Export Drives Rapid Development of China's Die Casting Industry

In 2012, the comparative advantages of China's Die Casting in the international market are still relatively obvious. In particular, guided by the "export driven strategy" in the "Twelfth Five-year Development Plan for the mold industry", it is expected that the growth rate of China's mold exports will increase this year. It will slow down, but it will still grow at a higher rate.

Thanks to the rapid improvement of the technology level and cost-effectiveness of China's die casting industry, the effectiveness of mold casting companies in effectively opening up the international market, and the shift of the required molds to China in order to reduce production costs in industrial advanced countries, the impact of three favorable factors has been further strengthened. The export market performed well, with a total of US$305 million in exports for the year, an increase of 36.87% over the previous year, and an increase of 17.72 percentage points over the previous year. This year, the comparative advantages of China's die casting in the international market are still relatively obvious. In particular, under the guidance of the "export drive strategy" in the "Twelfth Five-year Development Plan for the mold industry", it is expected that the growth rate of China's mold exports will increase this year. It will slow down, but it will still grow at a higher rate.