Global Manufacturing Shift Brings Opportunities For China's Auto Mold Industry

With the gradual recovery of the global economy, the return of high-end manufacturing in developed countries led by Europe, North America, and Japan, and the development of manufacturing in developing countries represented by India and Brazil, the demand for molds has gradually increased. According to customs data, in 2010, my country’s mold exports reached US$2.2 billion, exceeding imports for the first time and achieving a trade surplus for the first time. In 2018, my country’s mold exports reached US$6.085 billion. my country’s mold industry has accumulated over the years of export Rich experience and good reputation. 

In the process of mold products developing towards large-scale, precise, complex and new technology special process equipment integrating precision processing technology, computer technology, intelligent control and green manufacturing, my country’s mold industry has a stronger position than other developing countries. Technical advantages, at the same time, it has certain cost advantages compared to manufacturers in Europe, America, Japan and other regions. In recent years, the manufacturing focus of the global mold industry has shown a trend of shifting to China, providing a good market opportunity for the development of China's automotive mold industry.

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