According to the latest statistics of the General Administration of Customs, the total import value of pump equipment in the first half of 2023 reached 4.78 billion US dollars, a year - on - year increase of 12.3%. The main importing countries are Germany, Japan, and the United States. Among them, industrial pumps account for the largest proportion, reaching 65%.
1 Classification of Main Imported Pump Products
Centrifugal pumps: accounting for about 40% of the total import volume
Positive displacement pumps: accounting for about 35% of the total import volume
Vacuum pumps: accounting for about 15% of the total import volume
Other special pumps: accounting for about 10% of the total import volume
2 Analysis of Import Trends
Year
Import value (billion US dollars)
Growth rate
2021
82.5
8.7%
2022
89.3
8.2%
2023 (first half)
47.8
12.3%
II. Analysis of the Whole Process of Pump Equipment Import
1 Preparatory Stage
Commodity classification: accurately determine the HS code, it is recommended to refer to the Tariff Regulations category 8413import and exportImport qualification: handle the import license for mechanical and electrical products (if required)
Trade method: select the optimal trade terms (FOB/CIF/DDP)
III. Import Risk Prevention and Control and Practical Suggestions
2 Professional Suggestions
Package damage
Sign a detailed purchase contract
Intellectual property disputes
Exchange rate fluctuation risk
2 Risk Prevention and Control Measures
Purchase transportation insurance
Select a reliable logistics provider
Reserve room for exchange rate fluctuations
Case: A company imported German centrifugal pumps. Due to inaccurate declaration of power parameters, the customs clearance was delayed for 15 days, resulting in additional warehousing costs of about 20,000 US dollars. Suggestions:
3 Sharing of Practical Experience
Prepare complete technical documents in advance
Confirm all technical parameters with the supplier
Confirm all technical parameters with the supplier
Reserve sufficient time for customs clearance.
IV. Forecast of Pump Import Trends in 2024
According to market research, the following trends are expected in the import of pumps in 2024:
The demand for energy - saving and environmentally - friendly pumps is increasing.
The proportion of intelligent pump products is rising.
The procurement volume in the Southeast Asian market is increasing.