Briefing on the Economic Operation of the Liquid and Gas Sealing Industry in the First Quarter of 2025

According to the statistics of key contact enterprises of the Hydraulic and Gas Sealing Industry Association, since the beginning of the first quarter of this year, the production and operation status of enterprises in the industry has been positive, market expectations have improved, economic benefits have grown, and the production end has achieved relatively rapid growth. The overall economic operation of the industry has shown a positive trend of stability and improvement. Some data are as follows:

       The cumulative order amount in the first quarter was 23.49 billion yuan, increasing by 8.7% year-on-year, which was 1.5 percentage points higher than that of the previous month.

       China's manufacturing PMI index (50.5) remains above the critical value, but the PMIs for medium and small-sized enterprises are 49.9 and 49.6 respectively, still below the critical value. The index of manufacturing orders on hand is 45.6%, still below the critical value. The stabilization trend of the domestic demand market still needs to be consolidated.

       From January to March, the cumulative export value of hydraulic, pneumatic and sealing products was 1.59 billion US dollars, increasing by 8.6% year-on-year and decreasing by 0.2 percentage points compared with the previous month. Industry situation:

       From January to March, the cumulative import value of hydraulic, pneumatic and sealing products was 1.31 billion US dollars, a year-on-year decrease of 9.7%. The decline rate rebounded by 1.7 percentage points compared with the previous month. Industry situation: