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Import activity has so far been comparative advantage of Machinoimport (both of the former Machinoimport and the new one). Such activity consists of direct import and import under authorization of other domestic companies. Machinoimport tends to import all commodities not banned by the Government to satisfy the diversified demand of the economy.

Machinoimport used to be the unique import coorporation supplying all domestic customers with machinery and equipment during the period from 1956 to 1986, and still remains a reliable trading partner in this field.

The total import value has increasingly risen annually. For example, it is up from US$ 8.384 million in 2001, to US$ 20.346 million in 2004, and to US$ 24.227 million in 2005. The index of the annual import value is mapped out in Figure below.

Import market

Apart from doing business with the traditional markets like Russia, Czech Republic, Belarus and former Socialist countries, our import activity has been extended to many new markets. Examples are Asian countries like Japan, Thailand, Singapore, South Korea, China; Western European countries like U.K, Germany, United States and so on.

Main imports

Though the range of commodities has been added and enlarged, it has focused on such commodities as follows:

  • Mineral mining machines, construction machines and equipment

  • Machine tools

  • Handling and lifting equipment

  • Experiment instrument

  • Various kinds of steel

  • Complete equipment lines

  • Raw materials for industrial production

  • Vehicle tires

  • Magnetic wires and cables

  • Ball and bearings

  • Automobile spare parts

 
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