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In August, China'S Imports Reached A New High Of &Nbsp, And The Trade Surplus Dropped Significantly.

2011/9/11 17:07:00 28

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Customs head office

Data released yesterday showed that in August 2011, the total value of China's imports and exports was US $328 billion 870 million, an increase of 27.1% over the same period last year.

Of which, exports were US $173 billion 310 million, an increase of 24.5% over the previous year, and imports of US $155 billion 560 million, an increase of 30.2% over the same period last year.

Balance of trade surplus

It's 17 billion 750 million dollars.

Chain ratio

Obviously dropped.

In August, China's import scale hit a new high, and the trade surplus dropped significantly.

From the perspective of trade, the general trade deficit is still expanding.

In the 1-8 months, there was a deficit of 57 billion 350 million US dollars in general trade, an increase of 79.1%, and a surplus of 229 billion 930 million US dollars in processing trade, an increase of 17.9%.

From the perspective of trade country analysis, the trade pattern has not changed greatly, and the trade growth rate of the developed countries has not declined sharply.

In 1-8 months, bilateral trade between China and the EU totaled US $372 billion 140 million, an increase of 21.8%; Sino US bilateral trade totaled 285 billion 650 million US dollars, an increase of 17.8%; and China and ASEAN.

bilateral trade

The total value was 234 billion 610 million US dollars, an increase of 26.6%; the bilateral trade between China and Japan amounted to US $221 billion 980 million, an increase of 18.8%.

From the analysis of import commodity structure, the growth rate of imports of bulk commodities has slowed down, but import prices are still rising.

From the analysis of export commodity structure, the traditional bulk export commodities continued to grow steadily.

decline

Sign.

Data interpretation

Export scale is down, and the surplus is lower.

From the data point of view, Lu Zhiming, an analyst at Bank of Communications Research Center, pointed out that the main reason for the sharp drop in the trade surplus in August was that the import scale reached a record high while the export scale decreased.

From July 2011 to August, the import scale increased by 11 billion 920 million US dollars, while the export scale decreased by US $1 billion 820 million, so the trade surplus decreased by 13 billion 740 million US dollars over July.

In August, the year-on-year growth rate of imports increased. First, it was affected by the base period in 2010. Two, the pressure of domestic economic slowdown slowed down and the import demand slightly improved. Three, the state of international commodities continued to decline slightly, and the cost of domestic imports declined slightly, but the overall situation is still at a higher level.

Foreign trade data help reduce regulatory pressure

Zhang Yongjun, a researcher at China International Economic Exchange Center, said that foreign trade data should be basically consistent with expectations.

Surplus reduction

It helps to reduce the pressure of foreign exchange, and it can relieve the pressure of RMB appreciation.

The sharp increase in imports also has a positive effect on curbing domestic inflation and easing the pressure of macroeconomic regulation and control.

But he mentioned that although there is no need to worry about the foreign trade situation from the data, the deterioration of the export environment can not be ignored. The pulling effect of foreign trade on the economy is being cut down. Meanwhile, the industrial added value announced on the 9 day has obviously declined, and the downward trend of the economy deserves attention.