Description
China's Shipbuilding Order Backlog (Cumulative Value) is compiled and published by the China Association of the National Shipbuilding Industry (CANSI). This indicator measures the total value of ship orders received but not yet completed in China. It is commonly used to assess current demand and future activity in China's shipbuilding industry. A higher order backlog typically reflects strong demand and potential growth, while a lower backlog may suggest industry downturn.
The shipbuilding order backlog is calculated by accumulating the value of all uncompleted ship orders in China. The statistical scope includes orders for various types of vessels, such as cargo ships, tankers, and passenger ships. The value is usually reported in currency terms (e.g., US dollars).
This data is updated monthly, typically released in the middle of the following month.