General Administration of Customs: China's imports and exports rebounded in March
Source: | Author:jiahuaen | Publish time: 436 days ago | 2792 Views | Share:
People's Daily Online, Beijing, April 14 (Li Qiaochu) The State Council Information Office held a press conference today. Li Kuiwen, a spokesman for the General Administration of Customs and director of the Statistical Analysis Department, said that China's imports and exports rebounded in March. In March of this year, China's foreign trade imports and exports reached 2.45 trillion yuan, a decrease of 0.8% year-on-year, and the decline was narrowed by 8.7 percentage points from January to February. Among them, exports were 1.29 trillion yuan, down 3.5%; imports were 1.16 trillion yuan, up 2.4%.


In addition, there are five aspects of China's foreign trade import and export that deserve attention.


First, ASEAN surpassed the EU to become China's largest trading partner. In the first quarter, China ’s imports and exports to ASEAN reached 99.134 billion yuan, an increase of 6.1%, accounting for 15.1% of China ’s total foreign trade value. ASEAN became China ’s largest trading partner; 668.01 billion yuan, down 18.3%; imports and exports to Japan were 465.68 billion yuan, down 8.1%. In addition, China ’s imports and exports to countries along the “Belt and Road” reached 2.07 trillion yuan, an increase of 3.2%, 9.6 percentage points higher than the overall growth rate.


Secondly, the import and export of private enterprises have decreased by a small margin and the proportion has increased. In the first quarter, the import and export of private enterprises was 2.78 trillion yuan, a decrease of 2%, accounting for 42.4% of China's total foreign trade value, an increase of 1.9 percentage points over the same period last year. Among them, exports were 1.71 trillion yuan, down 7.3%, accounting for 51.4% of total exports; imports were 1.07 trillion yuan, up 7.9%, accounting for 33.1% of total imports. Imports and exports of foreign-invested enterprises amounted to 2.6 trillion yuan, accounting for 39.6% of China's total foreign trade value. The import and export of state-owned enterprises was 1.16 trillion yuan, accounting for 17.7%.


Third, the proportion of general trade import and export reached 60%. In the first quarter, China's general trade imports and exports were 3.94 trillion yuan, down 5.7%, accounting for 60% of China's total foreign trade. Among them, exports were 1.95 trillion yuan, down 11.3%; imports were 1.99 trillion yuan, up 0.5%. The import and export of processing trade was 1.56 trillion yuan, down 12.4%, accounting for 23.8%.


Fourth, electromechanical products and labor-intensive products are the main export commodities. In the first quarter, China's exports of mechanical and electrical products were 1.95 trillion yuan, down 11.5%, accounting for 58.5% of the total export value. In the same period, exports of 7 major categories of labor-intensive products, such as textiles and clothing, amounted to 596.98 billion yuan, down 15.3%, accounting for 17.9%.


Fifth, the import of bulk commodities such as iron ore, crude oil, coal, and key consumer goods such as meat increased rapidly. In the first quarter, China imported 260 million tons of iron ore sand, an increase of 1.3%; imported crude oil of 130 million tons, an increase of 5%; imported coal of 95.778 million tons, an increase of 28.4%; imported natural gas of 24.656 million tons, an increase of 1.8%. In addition, imported soybeans were 17.792 million tons, an increase of 6.2%; imported pork was 951,000 tons, an increase of 1.7 times; imported beef was 513,000 tons, an increase of 64.9%. Affected by the epidemic, China imported 61.91 billion yuan of medical materials and drugs, an increase of 14.8%.