Operation Analysis Of Foreign Trade In 1-7 Months

In July, China's foreign trade imports and exports amounted to US $248 billion 70 million, an increase of 29.8% over the same period last year.

Of which, exports amounted to 136 billion 680 million US dollars, an increase of 26.9%; imports of US $111 billion 400 million, an increase of 33.7%, and the monthly import scale exceeded US $100 billion for 4 consecutive months.

The export growth rate is lower than the import growth rate by 6.8 percentage points, the gap between import and export growth is 1.9 percentage points lower than that in 1-6 months, and the foreign trade surplus of that month is 25 billion 280 million US dollars, up 3.8%.

In 1-7 months, the total volume of foreign trade and import and export amounted to US $1 trillion and 482 billion 110 million, an increase of 26.4%.

Of which, exports of US $802 billion 910 million, an increase of 22.6%, and imports of US $679 billion 200 million, an increase of 31.1%.

The export growth rate is 8.5 percentage points lower than the import growth rate, and the foreign trade surplus has accumulated 123 billion 720 million US dollars, down 9.6%.

Basic characteristics of foreign trade operation in 1-7 months

(1) the export growth rate continues to be lower than the import growth rate.

In 1-7 months, China's export growth rate was 6 percentage points lower than that of the same period last year; import growth rate was 11.6 percentage points higher than that of the same period last year; export growth rate was lower than that of the import growth rate by 8.5 percentage points.

As the import growth rate obviously exceeds the export growth rate, the trade surplus is decreasing.

The surplus of foreign trade totaled 123 billion 720 million US dollars, a decrease of US $13 billion 180 million over the same period last year.

(two) the growth rate of general trade is obviously higher than that of processing trade.

In 1-7 months, general trade imports and exports reached 720 billion 500 million US dollars, an increase of 36.3%.

Of which, exports of US $372 billion 370 million, an increase of 25.8%, and imports of US $348 billion 130 million, an increase of 49.8%.

The import and export of processing trade reached US $607 billion 140 million, an increase of 15.8%.

Of which, exports of US $383 billion 520 million, an increase of 17.3%, and imports of US $223 billion 620 million, an increase of 13.3%.

General trade exports and imports growth rate is 8.5 and 36.5 percentage points higher than the processing trade.

(three) the import and export of collective, private and other enterprises increased rapidly, and the import of state-owned enterprises increased considerably.

In 1-7 months, the collective, private and other enterprises imported and exported 301 billion 270 million US dollars, an increase of 31.9%.

Of which, exports of US $207 billion 890 million, an increase of 29.9%, and imports of US $93 billion 380 million, an increase of 36.8%.

Foreign investment enterprises imported and exported 817 billion 640 million US dollars, an increase of 21.9%.

Of which, exports of US $447 billion 930 million, an increase of 21.2%, and imports of US $369 billion 700 million, an increase of 22.7%.

The import and export of state-owned enterprises was 363 billion 210 million US dollars, an increase of 32.8%.

Among them, exports amounted to 147 billion 90 million US dollars, an increase of 17.5%, and imports of US $216 billion 120 million, an increase of 45.6%, an increase of 29.2 percentage points over the same period last year.

(four) the export of light industrial products such as textiles and bags, footwear and other products increased steadily, and the export of raw grain and its flour milling decreased.

In 1-7 months, export of textiles, yarns, fabrics and products increased by 37 billion 870 million US dollars, an increase of 24.4%; exports of luggage and bags increased by US $7 billion 550 million, an increase of 26.3%; exports of furniture and parts reached US $15 billion 230 million, an increase of 27.2%; footwear exports 16 billion 550 million US dollars, an increase of 14.2%.

Since the end of 2007, the state has adjusted export tax policies to control grain exports, and corn and other raw grain and its milling exports have been significantly reduced.

In 1-7 months, corn exported 160 thousand tons, down 95.9%, compared with 72.2% in the same period last year.

In 1-6 months, grain exports were 2 million 340 thousand tons, down 64.5%, of which grain and grain powder exported 1 million 240 thousand tons, down 78.1%.

(five) trade development with major trading partners is in good condition.

In 1-7 months, bilateral trade between China and the EU totaled US $243 billion 140 million, an increase of 27.9%; Sino US bilateral trade totaled 189 billion 110 million US dollars, an increase of 13.2%; Sino Japanese bilateral trade totaled US $154 billion 930 million, an increase of 19.2%.

The bilateral trade volume between China and India and Brazil has increased by more than 60%, and bilateral trade with ASEAN, South Korea, Australia, South Africa and Russia has increased by more than 25%.

Two, current problems in foreign trade operation

(1) exports of a few "two high and one capital" products are still increasing.

In the 1-6 month, 7 million 780 thousand tons of mineral fertilizers and fertilizers were exported, an increase of 71%, of which 3 million 780 thousand tons of urea were exported, an increase of 206.9%.

In addition, although the growth rate of steel exports has declined, the absolute export volume is still very large.

In 1-7 months, steel exports totaled 34 million 150 thousand tons, down 14% from the same period last year.

In addition to February, the export volume of other 6 months was over 4 million tons; in July, 7 million 210 thousand tons were exported, an increase of 38.1% over June, an increase of 21.3% over the same period last year.

In the 1-7 months, the export of 525 thousand tons of non Forging Aluminum (information market) increased by 66.9%, compared with 56.9% in the same period last year, while coal exports increased by 30 million 280 thousand tons, up 4.9%, compared with a decrease of 21.2% in the same period last year.

(two) exports of garments and accessories are growing slowly.

In the 1-7 months, clothing and accessories exported to US $62 billion 490 million, up 3.4%, down 19.6 percentage points from the same period last year.

Among them, exports in February and June dropped more, respectively, 12.5% and 15% lower than the same period last year, and exported 12 billion 530 million US dollars in July, an increase of 3.1% over the same period last year, down 25.1 percentage points from the same period last year.

(three) imports of textile products, such as textile raw materials, paper and paperboard, billets and rough forgings, have declined.

In 1-7 months, the import of 210 thousand tons of synthetic textiles for textile products decreased by 36.7%; the imports of synthetic yarns decreased by 320 thousand tons, down by 16.4%; the imports of paper and paperboard 2 million 190 thousand tons, fell 10.4%; 9 million 720 thousand tons of steel imports decreased by 3.6%; 110 thousand tons of steel billets and rough forgings dropped, 28.1%; and the import of imported aluminum and aluminum materials decreased by 110 thousand;

(four) the average import price of grain and grain flour, soybean (information market), edible vegetable oil, iron ore, concentrate and coal increased considerably.

In 1-7 months, the average import price of grain and grain powder was 476.5 US dollars / ton, up 47.2%; the average import price of soybeans was 591.7 US dollars / ton, up 78.1%; the average import price of edible vegetable oil was 1159.3 US dollars / ton, up 74.4%; the average import price of crude oil imports was 745.4 US dollars / ton, increased by 69.5%; the average import price of imported oil products was 808.2 U. S. dollars / ton, the increase was 88.3%; the average import price of iron ore and concentrate was US $/ ton, and the average price of coal imports was USD / ton, rising.

(five) my trade surplus with the EU has increased rapidly, and the trade deficit with Japan has continued to expand.

In 1-7 months, I realized a trade surplus of US $86 billion 940 million for the European Union, an increase of US $17 billion 360 million over the same period last year, an increase of 24.9%, and a 91 billion 670 million US dollar trade surplus with the United States, an increase of 3 billion 370 million US dollars over the same period last year, an increase of 3.8%.

Over the same period, I realized a deficit of 23 billion 970 million US dollars in Japan, an increase of US $6 billion 990 million over the same period last year, an increase of 41.2%.