China'S Strong Recovery In Foreign Trade In The First Quarter

Reporters learned from the foreign trade and Economic Cooperation Bureau, the first quarter of the city's foreign trade to get rid of the negative growth in 2009, to achieve a strong recovery.

In 1-3 months, the total import and export volume of the city reached US $1 billion 90 million, an increase of 31.2% over the same period last year.

Of which, exports amounted to 809 million US dollars, up 26.9% over the same period, and imports of US $281 million, up 45.3% over the same period last year.

General recovery growth of export enterprises

Statistics from the Municipal Bureau of foreign trade and economic cooperation showed that due to the relatively low base in the same period last year, the global market rebound caused the importers to start replenishing inventory and other positive factors, and the export situation of most enterprises improved.

In the first quarter, there were 702 export enterprises in the city, of which 473 were export growth enterprises, accounting for 67.4%.

The first quarter export of Hai Liang group was US $96 million 620 thousand, an increase of 57.6% over the same period last year. Daheng Group exported US $37 million 760 thousand, an increase of 187.1% over the same period last year. The export of Dong Wei group was US $27 million 50 thousand, an increase of 26.5% over the same period last year. The export of leading enterprises such as Feida, Vietnam, dun an, Mei bang and Huadu increased significantly.

Main driving force of textile and garment export

Judging from the export situation in the first quarter, the major block economy such as textiles, clothing, machinery and electricity, pearls and so on increased substantially.

In particular, the textile and garment industry has shown firmer performance in the most severe financial crisis and continued to grow substantially in the economic recovery stage, which has become the main driving force for the growth of the city's exports.

According to statistics, in the first quarter, the textile and garment industry exported 466 million US dollars, an increase of 42.9% over the previous year, accounting for 57.6% of the total export volume of the city, representing a 6.5 percentage point increase over last year.

Among them, jacquard cloth exports amounted to 89 million US dollars, an increase of 67.2% over the same period last year, accounting for 11% of the total exports of the city, and clothing exports of US $185 million, an increase of 41.4% over the same period last year, accounting for 22.9% of the total exports of the City, and socks exports of 149 million US dollars, up 32.2% over the same period last year, accounting for 18.4% of the total export volume of the city.

Most of the strong export growth enterprises in the first quarter were mostly textile and garment enterprises, such as Daheng Group grew by 187.1%, Dong Wei group increased by 26.5%, American bond textile increased by 91.7%, and Huadu textile increased by 130.7%, and the performance was very eye-catching.

The EU is the largest trading partner.

Since January this year, the EU has surpassed the United States to become the largest trading partner of our city.

According to statistics, in the first quarter, our city exported 141 million US dollars to the European Union, an increase of 60.6% over the same period last year.

The analysis of the relevant personages of the Municipal Foreign Trade and Economic Cooperation Bureau is mainly because the EU market has been recovering after a long period of weakness.

From November 2009, exports of textiles, clothing, machinery and electronics and base metal products to the EU have entered a stage of recovery.

In the first quarter of this year, the export of textiles and garments was 93 million 400 thousand US dollars, up 55% over the same period last year. The export of mechanical and electrical products was 19 million 900 thousand US dollars, an increase of 179.2% over the same period last year. The export of base metal products was 13 million 670 thousand US dollars, up 34.2% over the same period last year.

In 2009, the United States has always been the largest exporter of our city.

But under the influence of the adverse factors such as the trade friction and the decline of demand, the export of the United States has entered the stage of adjustment.

Due to the "double reverse" survey conducted by the United States on China's oil well pipe products, the export volume of Jianli steel pipe company decreased sharply. In the first quarter of last year, Jianli steel exported 46 million 720 thousand US dollars to the US, but in the first quarter of this year it was only 90 thousand US dollars, down 99.8% from the same period last year.

At the same time, as one of the main driving force for exports to the United States, socks products entered a period of adjustment after the rapid growth. In the first quarter, socks exported to the US $38 million 450 thousand, up only 3.6% from the same period last year.

The city exported $121 million to the US in the first quarter, down 17.3% from the same period last year.

The Municipal Foreign Trade and Economic Cooperation Bureau said that the risk of trade friction should not be overlooked while the growth of exports can not be ignored. The US "double anti" case of China's oil well pipe products has led to the fact that Jianli's exports to the US have basically stopped.

At the same time, the export of textiles and clothing to the United States and the European Union is facing the risk of trade friction. Enterprises should be alert.