China'S Trade Surplus Dropped To $670 Million In The First Quarter.

Customs statistics show that in the month of March, the total value of China's imports and exports was 325 billion 970 million US dollars, an increase of 7.1%.

Of which, exports amounted to 165 billion 660 million US dollars, an increase of 8.9%, and imports of US $160 billion 310 million, an increase of 5.3%.

The 1 quarter, China's general

In bilateral trade with major trading partners, I have a relatively rapid growth in imports and exports with Russia and Brazil.

Statistics show that in the 1 quarter, bilateral trade between China and Europe amounted to US $126 billion 870 million, an increase of 2.6%.

In the same period, the bilateral trade value of bilateral trade between China and the United States was 106 billion 770 million US dollars, up 9.3%.

The total value of bilateral trade between China and ASEAN is 86 billion 780 million US dollars, an increase of 9.2%.

Sino Japanese bilateral trade totaled 79 billion 440 million US dollars, down 1.6%.

Over the same period, the total trade between China and Russia and Brazil was 21 billion 490 million and 18 billion US dollars, respectively, increasing by 33% and 11.5% respectively.

In the 1 quarter, the total value of Guangdong's foreign trade imports and exports was US $209 billion 980 million, an increase of 4.3%.

Over the same period, the total import and export value of Jiangsu, Beijing and Shanghai were 121 billion 510 million, 102 billion 440 million and 102 billion 410 million US dollars, respectively, increasing by 0.3%, 12.3% and 3.8% respectively.

In addition, the total import and export value of Zhejiang, Shandong and Fujian were 69 billion 950 million, 55 billion 800 million and 33 billion 270 million US dollars, respectively, increasing by 5.2%, 3.1% and 14.8% respectively.

From the point of view of exports, Guangdong exported 121 billion 280 million US dollars in the 1 quarter, an increase of 5.4%.

Jiangsu, Zhejiang and Shanghai exported 70 billion 30 million, 47 billion 340 million and 47 billion 240 million US dollars, respectively, by 2.8%, 6.1% and 3.2% respectively.

Over the same period, Shandong, Fujian and Beijing exported 28 billion 230 million, 20 billion and 13 billion 140 million US dollars, respectively, by 1.3%, 10.4% and 4% respectively.

The export growth in the central and western regions showed a rapid growth. The export growth rates of Chongqing and Henan were 1.5 times and 1.4 times respectively, while the export growth rates of Guangxi, Sichuan and Hunan were 41.2%, 31.9% and 18.7% respectively.

In the 1 quarter of the export commodities, China's mechanical and electrical products exported 252 billion 990 million US dollars, an increase of 9.1%, which is 1.5 percentage points higher than that of China's overall export growth over the same period.

Among them, exports of electrical and electronic products were 102 billion 930 million US dollars, an increase of 6.1%, and the export of machinery and equipment was US $83 billion 960 million, an increase of 12.4%.

Over the same period, exports of some labor-intensive products such as textiles, clothing and shoes were exported by US $29 billion 570 million, an increase of 3.9%; textile exports were US $20 billion 440 million, an increase of 1.4%; footwear exports amounted to US $9 billion 80 million, an increase of 2.8%.

In the 1 quarter of imports, China's iron ore imports amounted to 1.9 million tons, an increase of 6%, the average import price was $137.1 per ton, down 13.4%; soybean 13 million 330 thousand tons, an increase of 21.6%, the average import price was 525.7 dollars per ton, down 8.2%.

In addition, the import and export of mechanical and electrical products increased by 0.5% to 173 billion 800 million US dollars, of which 294 thousand vehicles were imported, an increase of 24.9%.