Footwear Imports And Exports Hit A New High In The Past Two Years

On August 11th, the Customs General Administration released data on 10, July this year.

The comparative advantage of "made in China" still exists.

"This year, China's import and export trade will achieve a resumption of growth, and the growth of foreign trade will show a trend of" before and after high. "

Zhao Jinping, deputy director of the Ministry of foreign economic development of the State Council Development Research Center, said.

He believes that although the global economic recovery is slow, the demand for international market is still in the recovery trend, which is the basis for China's foreign trade to achieve a resumption of growth.

According to customs statistics, in July this year, China's import and export value reached 262 billion 310 million US dollars, an increase of 30.8% over the same period last year.

Among them, exports amounted to US $145 billion 520 million, an increase of 38.1%, and imports reached US $116 billion 790 million, an increase of 22.7%.

Ministry of Commerce International

"Because of the high unemployment rate in Europe and the United States, declining incomes, tight credit and reduced disposable income, consumers in Europe and the United States have become more dependent on Chinese products."

Zhao Yumin said.

According to customs statistics, in the first 7 months of this year, China's mechanical and electrical products exported 500 billion 690 million US dollars, an increase of 36.2%, higher than the total export growth rate of 0.6 percentage points in the same period, accounting for 58.9% of the total export value of China in the same period.

In addition, in the first 7 months of this year, exports of traditional commodities, including clothing, furniture, footwear, plastic products, bags and textile yarns, fabrics and articles, increased faster.

Zhao Yumin believes that since July 15th, China has abolished export tax rebates for some products such as steel and other products. In addition, enterprises expect that the export tax rebates will be further lowered, involving a wider range of products, and therefore, the export of exports will be an important reason for the rapid growth of exports in July.

The full year trade surplus is expected to be unchanged from last year.

According to customs data, China's trade balance reached US $28 billion 730 million in July, an increase of US $8 billion 710 million over June.

Zhao Jinping said that due to the tightening of macro-control and the adjustment of real estate, China's import demand growth is weak, and imports are expected to fall faster in the second half of the year.

The rate of import decline is faster than the rate of export fall, making China's monthly trade surplus widening.

Customs data show that import growth in July this year dropped 62.8 percentage points from January, down 11.4 percentage points from June, while July exports increased by 17.1 percentage points over January, 5.8 percentage points lower than June.

In addition, experts also said that the huge trade surplus to a large extent came from the processing trade of foreign-funded enterprises.

According to customs statistics, in the first 7 months of this year, China's processing trade imports and exports amounted to US $629 billion 530 million, an increase of 36.1%.

Of which, exports of US $398 billion 410 million, an increase of 32.4%, and imports of US $231 billion 120 million, an increase of 43.2%.

In July, China's processing trade generated a trade surplus of nearly US $30 billion.

Over the same period, China's trade deficit under general trade amounted to US $31 billion 870 million.

"The brand accumulation and value chain sharing of China's export products are at the low end and unfavorable position, so far there has not been much change.