Ministry Of Commerce: China'S Foreign Trade Is Likely To Maintain Its Trade Surplus This Year.

Jiang Yaoping, Vice Minister of Commerce, said 3, despite the first quarter of this year, China foreign trade There is a small deficit, but in view of the complexity of the current foreign trade development situation, it is estimated that China will continue to maintain its trade surplus pattern throughout the year. However, the trade surplus accounts for Gross domestic product The proportion of China's foreign trade will be further reduced, and China's foreign trade will develop in a more balanced and balanced way.

China's total trade deficit in the first quarter of this year was US $1 billion 20 million, the first quarterly trade deficit in China in 6 years, according to customs data.

In this regard, Jiang Yaoping pointed out that China's foreign trade has been developing well since the beginning of this year, especially the strong growth of imports. From the first quarter, imports increased by 6.1 percentage points higher than exports. This is the main reason for the trade deficit. On the one hand, the rapid growth of imports in the first quarter is partly due to the rise in international prices of commodities such as crude oil, refined oil and iron ore, and on the other hand, with our country. Economics Stable and rapid development, domestic consumption continues to expand and continue to upgrade driven by the rapid growth of imports and exports.