Export Growth Of Foreign Trade Clothing In March
According to customs statistics, in March this year, the total value of China's imports and exports was 162 billion 20 million US dollars, down 20.9% compared to the same period last year, of which exports were US $90 billion 290 million, down 17.1% compared to the same period last year; imports 71 billion 730 million US dollars, down 25.1% compared with the same period last year; the trade surplus of that month increased by 18 billion 560 million US dollars, up 41.2% over the same period last year. The outstanding features of China's foreign trade in March are:
一、進出口同比降幅顯著收窄，環比表現為大幅增長
Compared with the same period, China's import and export volume, exports and imports decreased by 20.9%, 17.1% and 25.1% respectively in March. The decline was 6.3, 4 and 9.1 percentage points lower than the previous year's decline in the first two months.
According to the comparable index of average working day, the annulus ratio index (the same below), the import and export gross value increased by 23.8% in March, and exports increased by 32.8% and imports increased by 14%.
These indicators indicate that China's foreign trade began to show signs of improvement in March.
二、勞動密集型產品出口同比和環比均有不同程度的增長
In March, China's exports of labor-intensive products with strong market competitive advantages performed well. Among them, clothing exports stood at 7 billion 430 million US dollars, an increase of 9.9%, furniture 2 billion 230 million dollars, an increase of 1.3%, footwear 2 billion 80 million dollars, an increase of 7.7%, and bags of 980 million US dollars, an increase of 11.7%. In contrast, clothing exports increased by 72.5%, furniture increased by 78.1%, footwear increased by 42.6%, and bags increased by 90.7%.
Over the same period, China's mechanical and electrical products exported 53 billion 760 million US dollars, down 18.8% from the same period last year, and the growth rate was 25.6%. In addition, grain exports 280 thousand tons, down 49.8% compared to the same period last year, a decrease of 7.8% compared to the same period, 420 thousand tons of fertilizer, a decrease of 72% compared with the same period last year, a decrease of 59.5% compared with the same period, 1 million 670 thousand tons of steel, a 59.5% decrease compared with the same period last year, a 2.2% increase in the chain.
三、擴大內需政策效果初顯，進口值企穩反彈，進口價格有所回升
From October to December last year, the import value of our country decreased by 8.7%, 19.5% and 16.2% respectively. In January and February this year, the reduction in import value decreased to 3.7% and 5.4% respectively, while that in March increased by 14.1%. In March, China's imports of primary products amounted to 19 billion 370 million US dollars, down 36.5% from the same period last year, and the growth rate was 21%, accounting for 27% of the total value of imports in the same period.
Among them, 52 million 80 thousand tons of iron ore imports, an increase of 46.2% over the same period, an increase of 6.2% compared with the same period, 16 million 340 thousand tons of crude oil, a decrease of 5.5% over the same period last year, a 33% increase in the ring ratio, 3 million 200 thousand tons of refined oil, an increase of 2.1% over the same period last year, a decrease of 9.6% yuan, an increase of 3 million 860 thousand tons of soybeans, an increase of 66.6% percent over the same period, a growth of 9.6% over the previous year, and a rise of coal, a year-on-year growth rate.
Over the same period, imports of industrial products amounted to 52 billion 350 million US dollars, down 19.6% from the same period last year, and the growth rate was 18.8%. Among them, the import of mechanical and electrical products was 35 billion 780 million US dollars, a year-on-year decrease of 20.5%, an increase of 13.5% over the same period, 23 thousand cars, a decrease of 42.8% over the same period last year, a 7.8% increase in the ring ratio, 1 million 270 thousand tons in steel products, a decrease of 15.3% over the same period last year, and 11.2% growth over the same period.
Overall, China's import price fell 17.9% in March compared with the same period last year, but the ratio rose by 2.7%. The stable rebound of import prices will play a positive role in stabilizing production expectations and boosting consumer confidence.
四、與歐、美、日等前3大貿易伙伴的進出口環比均大幅增長
In March this year, bilateral trade between China and the EU amounted to US $26 billion 450 million, down 19.3% from the same period last year, a 21.2% increase over the same period, accounting for 16.3% of China's total import and export value in the same period. Among them, I exported $17 billion 210 million to the EU, down 20.2% from the same period last year, a 27.8% increase in the ring ratio, and a decrease of 17.4% from the EU's imports of 9 billion 240 million, a 10.5% increase over the previous year, and a trade surplus of 7 billion 970 million US dollars, a decrease of 23.3% over the same period last year.
The total trade volume between China and the United States was 22 billion 650 million US dollars, down 12.6% from the same period last year, and the growth rate was 25.8%, accounting for 14.5% of the total import and export value of China in the same period. Among them, I exported $16 billion 450 million to the United States, down 12.6% from the same period last year, a 33.3% increase in the ring ratio, and 6 billion 200 million US dollars in imports from the United States, a decrease of 12.7% over the same period last year, a 9.3% increase over the previous month, and a trade surplus of 10 billion 250 million US dollars, a decrease of 12.5% over the same period last year.
The bilateral trade volume between China and Japan reached 17 billion 520 million US dollars, down 20.5% from the same period last year, and the growth rate was 19.1%. Among them, I exported $8 billion 40 million to Japan, down 13.6% from the same period last year, a rise of 36.7% over the same period, and 9 billion 480 million dollars from Japan, a decrease of 25.5% over the same period last year, a 7.3% increase over the previous month, and a trade deficit of 1 billion 440 million US dollars, a decrease of 57.9% over the same period last year.
My substantial increase in the ratio of imports and exports to major trading partners indicates that China's foreign trade has played an important supporting role in stabilizing the global economy in the face of a serious downturn in global economic and trade.
Editor in chief: Xu Qiyun
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