Zhejiang's Foreign Trade Remained Stable During The First Half Of The Year.

This year, influenced by the changes in the domestic and international economic situation and the implementation effect of the national macro-control policies, Zhejiang's foreign trade has been faced with unprecedented severe challenges. However, after the efforts of all parties, the volume of foreign trade has maintained a steady growth.

In the first half of this year, the total import and export volume of the province reached 102 billion 390 million US dollars, an increase of 27% over the same period last year.

Among them, exports amounted to 73 billion 100 million US dollars, an increase of 26.1%, an increase of 4.2 percentage points higher than that of the whole country, exceeding Shanghai, ranking second in the top six major export provinces (only after Shandong), and importing 29 billion 290 million US dollars, an increase of 29.4%.

1. Characteristics of foreign trade in the first half of the year

Exports fluctuated in 1. months, showing a rebound trend.

Affected by Holiday factors, the export volume of the first quarter of the year will fluctuate considerably. This year, coupled with snowstorm factors, the fluctuation is particularly large.

In February, the total export volume of the province was only 8 billion 920 million US dollars, down 6.7% from the same month last year, and it rose to 10 billion 770 million US dollars in March, an increase of 59.4% compared with the same period last year. In June, the export reached 14 billion 150 million US dollars, and it hit a new high of export for the month, with a monthly increase of 32.8%.

In the vicinity of the whole country and Shanghai, Shandong and other surrounding areas, there was a big drop in exports in June (the national growth rate in June was only 17.7%, down 10.5 percentage points from last month), and the export of Zhejiang province showed a marked upward trend: in May, it was 7 percentage points higher than that in April, and 5.7 percentage points higher in June than in May, which is higher than that in the second half of last year.

2. general trade continues to grow rapidly.

In the first half of this year, the general trade import and export volume was 74 billion 990 million US dollars, an increase of 28.8% over the same period last year, of which general trade exports were US $57 billion, an increase of 27.5%, the growth rate was faster than the processing trade 6.2 percentage points, and the proportion reached 78%, an increase of nearly 1 percentage points over the same period last year.

In the first half of the year, about 30% of general trade exports were textiles and clothing exports, an increase of 27.2% over the same period last year, especially textile exports grew by 36%.

In the first half of this year, the total export volume of processing trade reached 15 billion 450 million US dollars, an increase of 21.3%.

3. the export momentum of private enterprises is fast and the proportion is more than half.

In the first half of this year, private enterprises exported 37 billion 40 million US dollars, an increase of 34.9%, exceeding the average increase of 8.8 percentage points, accounting for 50.7% of the total export volume of the province.

The export of foreign invested enterprises grew steadily, with an increase of 21.6%, while the export of state-owned enterprises was still in the doldrums, with an increase of only 9.4%.

4. while the US and sunrise growth is still lagging behind the EU and emerging markets, there has been a marked upward trend.

In the first half of this year, the province's exports to the United States and Japan increased by 7.7% and 11.4% respectively, of which 5 and June increased 10.8% and 20.8% respectively to the US. This is the first time since the second half of last year (except in March this year, the export decline of the same period last year), the first time the US export growth has recovered to 2 digit growth.

In June, exports to Japan increased by 46.7%, an increase of 13.9 percentage points.

Exports to the EU maintained strong growth, and exports to the EU in the first half of this year amounted to US $20 billion 350 million, an increase of 32.9% over the same period last year. Exports to emerging markets such as ASEAN, Latin America, Africa and Russia increased rapidly, at 37.9%, 53.7%, 34.3% and 51.9%, respectively.

5. the export commodities are hot and cold. The export of mechanical and electrical products has increased rapidly, and the growth of some labor-intensive products has been slow.

In the first half of this year, the export of mechanical and electrical products increased by 27.5%, slightly higher than the average increase in the whole province, and the proportion rose to 44.2%. Among them, exports of products such as ships, auto parts, motors and generators increased rapidly.

The late effect of the export tax rebate policy adjustment has begun to show, coupled with the rapid increase of export costs and other factors, the export growth of labor-intensive products in Zhejiang province has been slow this year, of which clothing export has increased by only 18.9%, which is 7.2 percentage points below the average export growth.

Export growth of footwear, toys, plastic products, lamps and lanterns was generally slow or even decreased, of which plastic products exports fell by 8.6%.

Because of the cancellation of EU textile quotas this year and the development of emerging markets in recent years, the export growth of textiles in the first half of this year reached 35.9%, much higher than the average level in the whole province.

The export of high-tech products has been greatly influenced by several large processing trade enterprises. At present, Ningbo Chi Mei Electronics Co., Ltd. (mainly engaged in processing trade import and export of liquid crystal display panels) has surpassed Motorola to become the largest processing trade enterprise in the province, plus the export market of several old processing trade enterprises, such as Motorola and Toshiba, is slowly recovering. After the decline of more than ten months, the cumulative growth rate of new and high technology products rebounded in the first half of the year, and exported 5 billion 230 million US dollars, an increase of 2.9% over the same period last year.

6. imports have maintained relatively rapid growth and import prices of bulk raw materials have risen sharply.

In the first half of this year, the Province imported 29 billion 290 million US dollars, an increase of 29.4% over the same period last year.

Among them, imports of primary products accounted for 7 billion 250 million US dollars, accounting for 24.8% of the total imports of the province, up 58.9% from the same period last year, and 22 billion 40 million of imports of manufactured goods accounted for 75.2% of the total imports of the province, up 21.9% over the same period last year.

Import prices of bulk raw materials rose sharply, including iron ore, edible vegetable oil, crude oil, soybeans, refined oil, manganese ore and other raw materials imported from Zhejiang. The import price index in the first half of the year reached 197, 177, 164, 171, 141 and 351 respectively.

1. RMB appreciation, prices and other factors have pushed up export growth, and the actual increase in exports has dropped considerably.

This year, the RMB appreciation rate continues to accelerate.

In the first half of this year, the increase was 6.1%, which was basically the same as that of last year (6.46%). At the end of 6 this year, the increase was 9.93% higher than that at the end of last year.

Excluding the impact of RMB appreciation, exports increased by only 14.7% in the first half of this year, down 8.2 percentage points from the same period last year. If we consider the price increase and other factors, the actual export growth will be even lower.

The decline in export demand has brought about a great impact on industrial production. In the first half of this year, the delivery value of industrial exports above designated size increased by 12.4%, an increase of 11.5 percentage points year-on-year, and a contribution to the growth of sales value from 25.4% in the same period last year to 16.7%.

2. the enterprises with export performance in the whole province have decreased compared with the end of last year.

In 1-5 months, there were 2.8 enterprises with export performance in the whole province, less than 759 at the end of last year, which has never been seen in recent years. This abnormal phenomenon shows that the whole province has been in the market for 1-5 months.