Characteristics Of Foreign Trade In The First Three Quarters Of 2013

The Ministry of Commerce held a press conference on 17, explaining the foreign trade situation in the first three quarters of 2013. In the coming months, China's foreign trade will still face the severe test of the obvious shortage of import demand in emerging markets.

About foreign trade

According to spokesperson Shen Danyang, the first three quarters of the operation of foreign trade are mainly characterized by the following characteristics:

First, the sustained growth of trade between the United States and ASEAN. In the first three quarters, bilateral trade between China and the United States increased by 6.7%; bilateral trade with ASEAN increased by 11.6%; the bilateral trade between the mainland and Hongkong increased by 25.6%. The EU and Japan trade showed signs of improvement, bilateral trade between China and the EU dropped by 0.8%, of which third grew by 3.5% compared to the same period last year, and bilateral trade between China and Japan dropped by 7.9%, of which the third quarter decreased by 5.3% compared with the same period last year, and the decline narrowed.

The two is the steady growth of import and export in the eastern region and the active export in the central and western regions. In the first three quarters, the total value of imports and exports in the eastern region was US $2 trillion and 582 billion 90 million, an increase of 7.1%, accounting for 84.4% of the total value of imports and exports. From the point of view of exports, export growth in the central and western provinces of Henan, Jiangxi, Hubei and Xinjiang were 19.3%, 18.3%, 17.9% and 14.7% in the first three quarters, respectively, significantly higher than the overall growth rate of China's exports in the same period.

Three, steady growth in general trade and slow growth in processing trade. In the first three quarters, China's general trade import and export reached 16162 billion US dollars, an increase of 7.8%, accounting for 52.8% of the total import and export value of the same period. Over the same period, the import and export volume of processing trade increased by 0.7%, accounting for 32.3% of the total value of 989 billion 430 million dollars.

Four, the export of mechanical and electrical products has increased steadily, and the export of traditional labor intensive products has been growing well. In the first three quarters, China's mechanical and electrical products exported 922 billion 990 million US dollars, an increase of 8%, accounting for 57.2% of China's total exports in the same period. The export of high-tech products was 480 billion 490 million US dollars, an increase of 13.3%. In the same period, clothing , Spin Product, shoes 7 categories of traditional labor-intensive products such as category, furniture, plastic products, bags, toys and so on were exported to US $338 billion 50 million, an increase of 10.4%, which is higher than the total growth rate of 2.4 percentage points in the same period.

The five is the growth of imports of major energy and resource products. Among them, iron ore imports amounted to 6 million tons, an increase of 9% over the same period last year, and 30 million 460 thousand tons of refined oil imports, an increase of 5.2% over the previous year, and 18 million 110 thousand tons of primary plastic imports, an increase of 2.4% over the same period last year. 45 million 750 thousand tons of soybeans were imported, an increase of 3.3% over the same period, and 10 million 480 thousand tons of steel imports, an increase of 0.4% over the same period last year. In addition, the import of mechanical and electrical products was 625 billion 280 million US dollars, and the import of high-tech products was US $417 billion 240 million, an increase of 8.7% and 14.1% respectively.

There are three characteristics in the first three quarters of foreign trade and three 1/3:

The first is the import and export volume of the United States, Japan and the European Union now accounts for 1/3 of the total import and export scale. At the highest time, the ratio reached 40% - 50%, and now it is 1/3.

The second 1/3 is processing trade, which accounts for 32.3% of the total volume of import and export trade below 1/3.

The third 1/3 is the 1/3 of the scale of import and export of private enterprises, which is a characteristic.