Market Background

The largest trading partner of the United States is Canada, followed by China, Mexico and Japan, with approximately $1.1 billion worth of products per day. The U.S. economy is highly developed and the currencies of several countries around the world are pegged to the U.S. dollar. Currently the fastest growing packaging equipment production is in developing countries and regions.

* Developed countries will profit from stimulating domestic demand and look for suitable local manufacturers in developing countries, especially in food processing plants to invest in the provision of packaging machinery and equipment. If in the labeling machine and cartoning machine and other equipment, China-made machinery can not compete with Germany, Italy, Japan products, then in some lower-technology products can already meet the requirements of the U.S. market, and most likely to get a breakthrough in the short term. In particular, some general-purpose packaging equipment, such as heat shrink packaging machines, wrapping machines, etc., the cost of Chinese-made products less than half of the U.S. products, with very strong competitiveness, low price is the best knock on the door of Chinese packaging machinery into the U.S. market. In fact, there are already some U.S. companies in China for OEM production, the production of some products exported to the U.S. market.