From deficit to surplus, China's foreign trade sit

2022-08-14
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From deficit to surplus in the first quarter, China's foreign trade situation exceeded expectations

from deficit to surplus in the first quarter, China's foreign trade situation exceeded expectations

China Construction machinery information

Guide: on the basis of the cumulative deficit in the first two months of this year, China's import and export trade finally returned to surplus in March. According to the latest statistics of the General Administration of customs, China's total import and export value in March was US $325.97 billion, an increase of 7.1% year-on-year. After seasonal adjustment, China's import and export in March

based on the accumulated deficit in the first two months of this year, China's import and export trade finally returned to surplus in March

according to the latest statistical data of the General Administration of customs, China's total import and export value in March was US $325.97 billion, an increase of 7.1% year-on-year. After seasonal adjustment, the year-on-year growth rates of China's imports and exports, exports and imports in March were 7.2%, 9.8% and 4.6% respectively

industry experts pointed out that the overall situation of China's foreign trade in the first quarter exceeded expectations. Considering the influence of seasonal factors, it is expected that China's import and export data will gradually pick up in the second quarter

the surplus reappeared in March

under the background of the rare monthly trade deficit in February, China's foreign trade finally "turned from negative to positive" in March, returning to the track of trade surplus

according to statistics, the total value of China's import and export in February was 260.43 billion US dollars, an increase of 29.4% year-on-year. The high growth of imports has brought about a trade deficit of more than 30billion US dollars. The accumulated trade deficit in the first two months of this year was 4.25 billion US dollars

ZHENG Yuesheng, director of the Comprehensive Statistics Department of the General Administration of customs, said that in March, the start-up of China's manufacturing industry has further improved, making the export trade gradually recover, thus reversing the previous trade deficit pattern at one stroke. From the overall trend of foreign trade throughout the year, China will still show a trade surplus, but the scale of the surplus may be further reduced

although the monthly surplus reappeared in March, the year-on-year growth rate of China's import and export in the first quarter of this year was only 7.3%, which was the quarterly low since the year-on-year growth rate of 9.2% in the fourth quarter of 2009

affected by the continuous downturn of the international economy, the bilateral trade between China and its major trading partners is also "happy and worried" - the import and export trade with Russia, Brazil and other countries increased rapidly, both exceeding the overall growth rate of foreign trade, while the bilateral trade between China and Japan showed negative growth

in contrast, the total value of bilateral trade between China and ASEAN reached US $86.78 billion, f (locking force) = m (locking torque) ÷( μ× F) a year-on-year increase of 9.2%; Driven by the recovery of the US economy, China US bilateral trade increased by 9.3% year-on-year. Over the same period, the total value of bilateral trade between China and Russia and Brazil increased significantly by 33% and 11.5% year-on-year, respectively

the import prices of major bulk commodities fell together

in the first quarter, China's exports of major commodities increased to varying degrees, among which the export of mechanical and electrical products increased significantly. Statistics show that the export value of China's mechanical and electrical products reached US $252.99 billion in the first quarter, an increase of 9.1% year-on-year, 1.5 percentage points higher than the overall growth rate of China's exports in the same period. Among them, the export of electrical and electronic products was 102.93 billion US dollars, an increase of 6.1% year-on-year; The export of mechanical equipment was 83.96 billion US dollars, an increase of 12.4% year-on-year

among the exports of some labor-intensive products such as textiles, clothing and shoes, clothing exports in the first quarter were US $29.57 billion, an increase of 3.9% year-on-year; Textile exports reached US $20.44 billion, an increase of 1.4% year-on-year; Footwear exports reached US $9.08 billion, a year-on-year increase of 2.8%, which can be used for parallel multi bubble determination%

in terms of major imported commodities, China imported 190million tons of iron ore in the first quarter, an increase of 6% year-on-year, and the average import price was $137.1/ton, a decrease of 1 year-on-year. Regular inspection (about 310 working days of normal use) must be carried out by 13.4%; Imported soybeans were 13.33 million tons, with a year-on-year increase of 21.6%, and the average import price was $525.7/ton, down 8.2% year-on-year. In addition, the import of mechanical and electrical products in the first quarter was US $173.8 billion, an increase of 0.5% year-on-year; Among them, 294000 cars were imported, with a year-on-year increase of 24.9%

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