China'S Trade Surplus Has Shifted To A Positive Growth Rate Of 7.1%

In April 10th, the General Administration of Customs announced the import and export of China's foreign trade in the 1 quarter of 2012.

According to customs statistics, from 1 to March, the total value of China's imports and exports was US $859 billion 370 million, an increase of 7.3% over the same period last year.

Among them, exports amounted to $430 billion 20 million.

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%, far below the 18.4% growth rate in February and back to the single digit.

Imports of US $160 billion 310 million, an increase of 5.3%, and a trade surplus of 5 billion 350 million US dollars in that month.

In the first quarter, China's exports of electromechanical products increased by 1.5 percentage points over the same period.

Chief macroeconomic analyst Zhu Jianfang (micro-blog) released a report that technology and capital intensive industries have greater elasticity of external demand for exports. In the future, exports of general equipment, metal products, chemical raw materials, pportation equipment, electrical machinery and other industries will recover rapidly, and the rebound will be greater than the growth rate of manufacturing exports and overall export growth.

In the export of some labor-intensive products,

It is understood that although the growth rate of exports is basically the same as that of the previous two months, the scale of exports in March is still significantly lower than the level of 175 billion yuan at the end of last year.

Huo Jianguo, director of the Research Institute of the Ministry of Commerce, micro-blog (micro-blog), said that the foreign trade data in March were not very good, and that it had recovered in February, and that imports and exports were both at a relatively high rate of growth and returned to single digit growth in March.

In judging the future situation, the bank report also believes that in addition to the recovery of the US economy, the market demand of the European Union and Japan is still at the bottom, and the growth rate of the emerging market economy is also declining. The external environment of exports is becoming more and more serious.

"There may be a stable recovery in the two quarter, because the US and Japan's economic growth is picking up and the market demand is likely to increase.

Import and export growth in the two quarter is likely to rise to more than 10%.

Huo Jianguo said.

Statistics show that the EU is still China's largest trading partner in the first quarter, and the total trade value between China and the EU is 126 billion 870 million US dollars, an increase of 2.6%, which is worse than the growth rate of imports and exports in the first quarter of the year.

Over the same period, Sino US bilateral trade totaled 106 billion 770 million US dollars, an increase of 9.3%.

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

In the export commodities, China's mechanical and electrical products exported 252 billion 990 million US dollars in the first quarter, an increase of 9.1%, which is 1.5 percentage points higher than the total growth rate of China's exports in 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%.

Compared with the average export growth rate, textile and clothing and

"Overall, our foreign trade is still showing a slight increase, and it is possible that the situation will be better in the second half of this year, and the growth will be better."

Chen Deming, Minister of Commerce, predicted that this year's foreign trade can achieve the target of about 10% of the annual growth in the government's work report, but it must be achieved through painstaking efforts.

Huo Jianguo said that the completion of the task this year should not be a big problem. The main contradiction now lies in the decline in competitiveness caused by the rising cost pressures of our own export enterprises. If we make some adjustments in policy, we will maintain the export credit supply and achieve an average annual growth rate of 10%.

China recorded its first trade deficit for many years in the first quarter of last year, and China is still in the first quarter of this year.

Huo Jianguo thinks that the scale of the surplus is not large, only a few hundred million dollars. From the current foreign trade structure, China will still maintain a certain scale surplus throughout the year, but it may continue to shrink considerably compared with last year.

"This is conducive to the weakening of the appreciation of the renminbi, and it can also reduce the pressure of foreign exchange cost."

Huo Jianguo said.