Insufficient External Demand Will Affect China'S Footwear Exports, Which Will Improve In May.

Data released by the General Administration of Customs on 10 may show China in April.

The total value was $308 billion 80 million, an increase of 2.7%.

This is the single month of the smallest increase in foreign trade since January 2010 - except for the negative growth of the Spring Festival in January this year.

Experts believe that

It is the biggest obstacle to China's exports. Despite many difficulties, China's foreign trade performance will improve after May, and the target of 10% growth in foreign trade is expected to come true.

Customs data show that in the first 4 months of this year, the total value of China's imports and exports was US $1 trillion and 167 billion 180 million, an increase of 6% over the same period last year.

Of which, exports of US $593 billion 240 million, an increase of 6.9%, and imports of US $573 billion 940 million, an increase of 5.1%.

Zhang Hanlin, director of the China WTO Research Institute of the University of foreign trade and economics, said that China's exports in April and May were actually still difficult.

The main reason is that in the first 4 months of this year, the pessimistic prediction of the international economy dominated, which hampered the purchase orders of European and American buyers and domestic enterprises.

At the same time, labor shortage and employment difficulties were particularly prominent in March, April and early May. With the increase of labor demand and the increase of labor costs, many enterprises changed jobs, which affected the operation and production of export enterprises.

"At present, the international market is the biggest factor affecting China's exports."

Zheng Yuesheng, director of the Customs Statistics Department, said that the EU economy continued to decline and China's export growth to the EU was negligible; while the US economy recovered, China exported to the US better.

"According to this trend, in the near future, the United States will replace the EU as China's largest export market."

Customs statistics show that in the first 4 months of this year, bilateral trade between China and the EU amounted to US $170 billion 530 million, an increase of 0.3%.

Over the same period, bilateral trade with the United States totaled 146 billion 100 million US dollars, an increase of 9.2%.

Sino Japanese bilateral trade totaled 107 billion 180 million US dollars, down 1.5%.

At the 111st session of the Canton Fair, the total export volume was 36 billion 30 million US dollars, and 4.8% and 2.3% respectively.

According to the data released by the Canton Fair, it is a rare decrease in the history of the Canton Fair except for the financial crisis of 2008.

According to customs statistics, China's textile and apparel industry

Among other labor-intensive products exports, clothing exports amounted to 39 billion 970 million US dollars, an increase of 1%; textile exports amounted to US $28 billion 850 million, a decrease of 0.3%; footwear exports amounted to US $12 billion 400 million, an increase of 4.2%.

"Because of the rising cost of China's exports and the limited capacity of the international market, the export of traditional Chinese products has declined, and the import share in Japan and the United States has also declined, and the orders of these products have been pferred to countries such as India, Indonesia and Vietnam."

Zheng Yuesheng said.

Customs statistics show that in the month of April, China imported 144 billion 830 million US dollars, an increase of 0.3%.

According to Zheng Yuesheng analysis, international commodity prices are falling, and the value of China's imports has declined. At the same time, China has independently lowered its target of economic regulation, economic growth has declined, and domestic demand has declined. All these factors have affected China's import growth.

Zhang Hanlin said that this year's growth target of China's foreign trade import and export 10% will be achieved, and the annual growth rate is expected to reach 12%.

He analyzed that, from the current forecast, the overall situation of the world economy will improve in May, and the US and Japanese economies will achieve positive growth this year, and the EU economy will not suffer negative growth. Therefore, China's exports will improve with the recovery of international market demand.

Feng Lei, director of the foreign trade and Economic Research Office of the finance and Trade Department of the Chinese Academy of Social Sciences, said that opening up the emerging economies market including BRIC countries will help China achieve the goal of 10% growth in foreign trade, but they do not have such huge domestic consumption to digest Chinese exports, and the future will still depend on the economic recovery of the developed economies.

In mid April, IMF raised its global growth expectations for the first time in more than a year.

The world economic outlook released by IMF says that the world economy will grow by 3.5% this year, compared with 3.3% in January.

Wang Shouwen, director of the foreign trade division of the Ministry of Commerce, said that under normal circumstances, the second quarter of the year is the peak period of China's foreign trade orders, and the peak of shipment is in the third quarter.

Many people including him expressed optimism about China's annual growth target of 10% in foreign trade and import and export.