The Import and Export of Yachts in Mainland China in 2010 and My Interpretation

China's yacht imports and exports in 2010:

China's yacht export status in 2010 Export value of brand name (ten thousand US dollars) Growth% Export volume (vessel) Increase %

89031000 8,195.76 33.15% 1,949,400 15.07%

89039100 840.91 55.41%994 26.14%

89039200 384.58 6.17%27-43.15%

89039900 11,001.90 9.88%78,200 8.34%

Total 20,423.15 19.64% 2,028,700 14.79%

Yacht Export Area: (a total of 77 countries and regions)

Sorting Area Export Amount (USD 10,000) Growth% Export Quantity Increase %

1 Europe 527.15-38.53% 116,800-17.77%

2 North America 287.78-63.85% 46,200 5.26%

3 Asia 181.32-45.89% 12,900-13.41%

4 Oceania 136.33-9.91%

5 Latin America 24.65-2.71%

6 Africa 11.96-43.06%

Exports to the top 30 countries and regions:

United States, Australia, Germany, Hong Kong, Netherlands, France, United Kingdom, Russia, Canada, Japan, Spain, Sweden, Italy, Norway, Belgium, Colombia, Finland, Switzerland, Greece, Bulgaria, Turkey, South Africa, Malaysia, Vietnam, Latvia, Denmark, Portugal, Israel, Ukraine.

Export Province Rankings:

Rank 1 2 3 4 5 6 7 8 9 10

Provinces and cities Guangdong, Shandong, Fujian, Zhejiang, Shanghai, Liaoning, Liaoning, Jiangxi, Jiangsu, Sichuan, Sichuan, the amount of million dollars 5,349.49 4567.40 3,241.87 2944.64 2306.74 749.90 388.51 315.24 296.83 147.72

Accounting for 25.65 22.36 15.87 14.42 11.29 3.67 1.9 1.54 1.45 0.72

Interpretation:

1. It is expected that the export of 200 million U.S. dollars in 2010 will indicate that China's yacht production enterprises have already gone out of the financial crisis;

2. From the point of view of the type of yacht: sailing exports grew by 55% - very gratifying! And it deserves attention and force; among these, the major manufacturers are Baoda, Yusheng, Huaying and Feipeng.

3. Inflatable exports increased by 33%, and continued to maintain the growth momentum; Shandong, Liaoning, Feipeng, Shanghai and other manufacturers are the main force;

4.26 provinces and cities have exports, indicating a balanced development; Tibet actually has exports, although it is only 513 US dollars (7), but it is also a zero breakthrough!

5. If the inflation category is excluded, the rankings may be: Guangdong, Fujian, Zhejiang, Shanghai, Shandong, Liaoning; these six regions will continue to grow strongly in 2011, and the rankings are estimated to be roughly the same; in 2011, a single sailboat at a factory in Qingdao may have It will be a highlight of the year.

6. Exports were dominated by processing trade (USD 137 million), followed by general trade (USD 55.1 million); exports by small trade with border were the fastest (USD 386,200, up by 156%)

China's import of yachts in 2010:

Item Name Import (USD) Increase % Import Quantity (Ship) Growth %

89031000 40.26 578.08%702 320.36%

89039100 1047.49 71.09%266 97.04%

89039200 1,425.54 96.12%196 76.58%

89039900 6,542.81 151.79%1,668 139.66%

Total 9,056.10 229.64% 14.79%

Imported yachts mainly come from: First Italy, Second France, Third South Africa;

Imported yacht provinces and cities ranking:

1. Hainan Province: 23.7895 million US dollars, an increase of 89.428%, a total of 48 ships, an average of nearly 500,000 US dollars / ship; large boats are mostly;

2. Shanghai: 230.896 million US dollars, an increase of 144.44%, a total of 618 ships, an average of 37.36 million US dollars / ship; mostly small boats;

3. Fujian Province: US$17.67 million, an increase of 277.76%, a total of 32 ships, an average of 557,720 US dollars/ship; large boats are mostly;

Interpretation:

1. Import momentum is rapid! It exceeded my original estimate of 80 million U.S. dollars, reaching 905.610 million U.S. dollars. From the import of 29.5 million in 2007, the import of 50.92 million in 2008, the import of 39.94 million in 2009, and the import of 90.56 million US dollars in 2010, China’s yacht imports are affected by the financial crisis to a very small extent.

2. Hainan’s largest growth rate appears to be the “international tourism island” policy effect and the 3/18 Boao Forum’s effort.

3. It is estimated that imported yachts will maintain a growth rate of more than 150% in 2011, and yachts in Taiwan will occupy a large share.