Customs General Administration: May Textile And Garment Export Growth Faster Than Earlier Stage

The General Administration of Customs released the import and export situation of China from 1 to May this year, 10.

According to customs statistics, the total import and export value of US $1 trillion and 100 billion 90 million in the first 5 months is 44% higher than that in the same period last year.

Of which, exports amounted to 567 billion 740 million US dollars, an increase of 33.2%; imports of US $532 billion 350 million, an increase of 57.5%; the trade surplus was US $35 billion 390 million, a decrease of 59.9%.

Customs statistics show that in May, China's import and export value was 243 billion 990 million US dollars, an increase of 48.4%.

Of which, exports amounted to $131 billion 760 million, an increase of 48.5%, an increase of 18.1 percentage points from last month, and an increase of 48.3% in imports of 112 billion 230 million dollars.

Compared with May 2008, imports and exports increased by 10.2%, of which exports increased by 9.2% and imports increased by 11.4%.

In the first 5 months of this year, China's general trade import and export amounted to US $550 billion 430 million, an increase of 46.9%, which is 2.9 percentage points higher than that of the same period.

Among them, exports amounted to 256 billion 150 million US dollars, an increase of 32.5%, and imports of US $294 billion 280 million, an increase of 62.2%, which is 4.7 percentage points higher than that of the same period.

The trade deficit under general trade amounted to US $38 billion 130 million, compared with a surplus of US $11 billion 960 million in the same period in 2009.

Over the same period, China's processing trade imports and exports reached 429 billion 760 million US dollars, an increase of 39.4%.

Of which, exports of US $269 billion 920 million, an increase of 32.9%, and imports of US $159 billion 840 million, an increase of 51.8%.

The trade surplus under processing trade amounted to 110 billion 80 million US dollars, an increase of 12.6%, equivalent to 3.1 times the overall surplus of the same period.

In bilateral trade with major trading partners, the total trade volume between China and the EU in the first 5 months of this year was US $177 billion 490 million, an increase of 37.4%.

Over the same period, Sino US bilateral trade totaled 138 billion 680 million US dollars, an increase of 28.2%.

ASEAN has overtaken Japan as a third largest trading partner by a narrow margin.

According to customs statistics, the total value of bilateral trade between China and ASEAN reached US $111 billion 800 million in the first 5 months, an increase of 57.5%.

Among them, I exported $52 billion 700 million to ASEAN, an increase of 46.2%; from ASEAN to US $59 billion 100 million, an increase of 69.1%; the ASEAN trade deficit was US $6 billion 400 million, compared with the US $1 billion 90 million in 2009.

Over the same period, bilateral trade between China and Japan amounted to US $111 billion 560 million, an increase of 38.8%.

Among them, I exported $44 billion 960 million to Japan, an increase of 22.8%; from Japan to US $66 billion 600 million, an increase of 52.3%; Japan's trade deficit increased by US $21 billion 640 million, a 2 fold increase.

From the domestic perspective, in the first 5 months of this year, the total value of Guangdong's imports and exports was US $279 billion 370 million, an increase of 34%.

Over the same period, the import and export values of Jiangsu, Shanghai and Beijing were 174 billion 290 million, 139 billion 330 million and 119 billion 470 million US dollars, respectively, increasing by 50.1%, 43.6% and 65.7% respectively.

In addition, the import and export values of Zhejiang, Shandong and Fujian were 94 billion 750 million, 69 billion 900 million and 40 billion 590 million US dollars, respectively, increasing by 41.4%, 42.5% and 45.6% respectively.

The total import and export value of the 7 provinces and cities accounted for 83.4% of the total import and export value of the country.

In the export commodities, the export of mechanical and electrical products maintained a rapid growth, and the export growth of labor-intensive traditional bulk commodities generally accelerated.

Customs statistics show that in the first 5 months of this year, China's mechanical and electrical products exported 337 billion 430 million US dollars, an increase of 34.6%, which is 1.4 percentage points higher than the total export growth in the same period, accounting for 59.4% of the total export value of China in the same period.

Among them, exports of electrical and electronic products were 137 billion 180 million US dollars, an increase of 36%, and the export of machinery and equipment was US $114 billion 170 million, an increase of 33.9%.

Over the same period, the export of traditional bulk commodities increased steadily, and the growth rate generally accelerated over the first 4 months, of which clothing exports were US $41 billion 650 million, an increase of 13.1%; textile yarns, fabrics and products exported 28 billion 560 million US dollars, an increase of 29.7%; furniture exports 12 billion 690 million US dollars, an increase of 26.6%.

In import commodities, the import volume of major commodities has increased to varying degrees, and the average import price has generally recovered significantly.

According to customs statistics, in the first 5 months of this year, iron ore imports amounted to 2.6 million tons, an increase of 8.4%, the average import price was $106 per ton, up 36.6%, soybean imports 19 million 600 thousand tons, an increase of 12.8%, and the import average price of 447.4 dollars per ton, up 11%.

In addition, the import and export of mechanical and electrical products increased by 48.7%, of which 246 billion 700 million vehicles, 319 thousand vehicles, an increase of 1.7 times.