2023

July chemical raw materials and products manufacturing value-added growth of 9.8 percent year-on-year

According to data released by the National Bureau of Statistics on August 15, in July, the added value of industries above designated size increased by 3.7 percent year-on-year in real terms, and the added value of chemical raw materials and chemical products manufacturing increased by 9.8 percent year-on-year.

In July, the value added of industries above designated size increased by 3.7 in real terms year-on-year (the growth rate of value added is the real growth rate after deducting price factors). From a month-on-month perspective, in July, the added value of industries above designated size increased by 0.01 over the previous month. From January to July, the added value of industries above designated size increased by 3.8 percent year-on-year.

In three major categories, in July, the value added of the mining industry increased by 1.3 per cent year-on-year, the manufacturing industry by 3.9 per cent, and the production and supply of electricity, heat, gas and water by 4.1 per cent.

In terms of economic types, in July, the added value of state-controlled enterprises increased by 3.4 percent over the same period last year; joint-stock enterprises increased by 5.0 percent, foreign-invested enterprises and enterprises invested by Hong Kong, Macao and Taiwan decreased by 1.8 percent; and private enterprises increased by 2.5 percent.

In terms of industries, in July, 23 of the 41 major industries maintained year-on-year growth in added value. Among them, coal mining and washing industry increased by 0.4, oil and natural gas mining industry increased by 4.2, agricultural and sideline food processing industry increased by 3.0, wine, beverage and refined tea manufacturing industry decreased by 3.1, textile industry decreased by 0.3, chemical raw materials and chemical products manufacturing industry increased by 9.8, non-metallic mineral products industry decreased by 3.4, ferrous metal smelting and rolling processing industry increased by 15.6, non-ferrous metal smelting and rolling processing industry increased by 8.9, general equipment manufacturing fell by 1.4 per cent, special equipment manufacturing by 1.5 per cent, automobile manufacturing by 6.2 per cent, railway, shipbuilding, aerospace and other transport equipment by 1.0 per cent, electrical machinery and equipment by 10.6 per cent, computer, communications and other electronic equipment by 0.7 per cent, and electricity and heat production and supply by 4.6 per cent.

In terms of products, in July, the output of 303 out of 620 products increased year on year. Steel 116.53 million tons, up 14.5 percent year-on-year; cement 176.18 million tons, down 5.7 percent; ten non-ferrous metals 6.03 million tons, up 4.2 percent; ethylene 2.41 million tons, up 5.2 percent; 2.324 million cars, down 3.8 percent, including 752000 new energy vehicles, up 24.9 percent; power generation 846.2 billion kWh, up 3.6 percent; crude oil processing 63.13 million tons, up 17.4 percent.

In July, the product sales rate of industrial enterprises was 97.8 percent, an increase of 0.1 percentage points over the same period last year, while the export delivery value of industrial enterprises was 1202.3 billion billion yuan, down 6.4 percent in nominal terms over the same period last year. The value added of the manufacturing of chemical raw materials and chemical products increased by 7.8 per cent.

Source: Sinochem New Network

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