CHINA MARINE TECHNOLOGIES SECTOR

According to China’s Ministry of Natural Resources, in the first three quarters of 2021, China’s gross marine product reached $982.4 billion, a year-on-year increase of 9.5% and an average growth of 2.1% for the recent two years. The contribution rate of the marine economy to the growth of the national economy reached 9.1%.  

Many of China’s marine industries grew in 2020 – 2021, despite the pandemic. Marine industries including power, biopharmaceutical, oil and gas, chemical, transportation, and fisheries industries, all saw rapid growth.

Technologies such as 5G, artificial intelligence, big data, and contactless services have gradually changed the traditional methods of circulation, consumption, and service in the marine sector, providing new opportunities for the market. 

For more information, please contact Commercial Specialist Ms. Hengyan Tian at hengyan.tian@trade.gov.