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The export prospect of mechanical and electrical products is considerable

2021-12-16 管理员 Read 17

It is very feasible for China's mechanical and electrical products to enter the Ethiopian market.




First, Egypt has huge market potential. Ethiopia is the second most populous country in black Africa, with a population of nearly 80 million. Through economic development in recent years, Ethiopia has formed a huge consumer group. However, because Ethiopia's industry is very backward, the domestic production and living needs are basically realized through imports. In recent years, western countries have increased their assistance to Ethiopia. The world bank and the international monetary fund basically approve of Ethiopia's economic reform. At present, Ethiopia is the largest recipient country in black Africa, such as the world bank and the European Union. It can be seen that electromechanical products have huge market potential in Ethiopia.




Secondly, China's mechanical and electrical products have the ability to occupy the Ethiopian market. The production of mechanical and electrical products in China has made great progress after decades of exploration, especially the introduction, digestion and absorption of advanced technology from developed countries in the past 20 years of reform and opening up. The production has begun to take shape, the production system is sound, the technology and process are becoming more and more mature, the products have basically reached localization, and the cost is close to the lowest level. This industry has become an industry with certain comparative advantages in China and has the ability to enter the international market. The Ethiopian government attaches great importance to and learns from the successful experience of China's economic development and pays attention to the introduction of China's advanced technology. In recent years, the power transmission equipment and transformation products in Ethiopia have won the bid, which shows that the power transmission equipment and transformation products in China have fully occupied the power transmission equipment market in Ethiopia.




Third, the needs of the enterprise's own development. With the rapid development of China's economy, mechanical and electrical product production enterprises have sprung up rapidly, forming a competitive situation of strong enemies. In addition, the domestic mechanical and electrical product market is becoming increasingly saturated, showing a situation of oversupply. In order to survive and develop, enterprises must find another way to spread the relatively excess production capacity to the new market, which is also the need of their own development.