Exports Increased By 21.4% In The First Quarter, And Export Growth Rebounded In March.

In April 10th, the General Administration of Customs will announce the import and export data in March this year.

However, in April 9th, a number of data released by the Ministry of Commerce in advance have already taken the lead in revealing information: compared with a bleak export in February, export growth in March has probably risen to around 30%, and the surplus may be up and down 13 billion dollars, slightly higher than previous experts' estimates.

In April 9th, the Ministry of Commerce of the Ministry of industry announced the first quarter import and export data of China's electromechanical products and high-tech products, which mentioned that the export of mechanical and electrical products increased by 23.1% in the first quarter, up by 1.7 percentage points higher than that of the whole country, accounting for 59.3% of the total export volume of the whole country, and the import grew by 16.4% over the same period last year, the growth rate was less than 12.2 percentage points of the national foreign trade import, accounting for 47.4% of the total import and export volume of the whole country.

According to this estimate, the export growth rate in the first quarter of this year was 21.4%, and the import growth rate was 28.6%.

Affected by data in February, export growth in the first quarter decreased by 6.4 percentage points compared with the same period last year, while import growth rate increased by 10.4 percentage points.

Earlier, after the import and export data was released in February, it has caused many worries about China's macro-economy. Under the influence of the global subprime mortgage crisis, such as global demand slowing down, snow disaster, Spring Festival, RMB continued appreciation, raw material prices rising and domestic monetary tightening, and so on, the export growth rate in February was only 6.5%, and the import growth rate was as high as 35.1%.

It is worrying whether China's export industry is facing an inflection point.

However, according to the total import and export growth in the first quarter, the export growth rate in January of March increased significantly.

At the same time, the recovery of export growth in March may also be related to the low export and low base in March last year.

In March 2007, China's export growth was only 6.8%, the lowest in the year.

Later, when foreign trade officials and experts explained this problem, they mostly stressed that enterprises should rush ahead with the export of foreign trade under the expectation of tighter foreign trade policy and lag behind the Spring Festival.

According to the above data, the trade surplus in March may be around us $13 billion, although it is better than that in February and the academic and institutional estimates, but it is still not high.

According to the data released by the Ministry of Commerce, the import and export growth of high-tech products in the first quarter declined.

Of which, exports amounted to 92 billion 740 million US dollars, an increase of 17.4%, a decrease of 9.6 percentage points compared with the same period last year, and imports of US $80 billion 110 million, an increase of 13.4%, a decrease of 1.4 percentage points over the same period last year.

A week later, a series of macroeconomic data will be released in the first quarter of this year. The State Council's economic analysis will also be held.

A Ministry of Commerce official said that the Ministry of Commerce was very concerned about the import and export situation this year, and organized a series of research to prepare for the analysis of the State Council's economic situation.

He denied that the government could stimulate exports by raising the export tax rebate rate of some commodities.

He said that at present, the Ministry of commerce still finds it difficult to decide on the foreign trade situation and needs further observation.

It is unlikely that new policies will be introduced in the short term.