Guangdong'S Import And Export Volume Declined Slightly.

Guangdong accounted for 23.8% of the total value of foreign trade in the first quarter. In the first quarter, Guangdong's foreign trade exports continued to grow by 2.6%. However, the import of Guangdong in the same period dropped by 10.5%, thus dragging down the overall performance of Guangdong's foreign trade in the first quarter. In addition, the trade volume of Guangdong in the first quarter showed a decline, but compared with the 6% decline in the same period, the performance of this foreign trade province was slightly better than that of the same period in the whole country.

In the first quarter of 2015, the total value of foreign trade and import and export in Guangdong was 1 trillion and 320 billion yuan (RMB), which was 2.8% lower than that in the same period last year.

Analysts said it is expected that Guangdong's foreign trade will be difficult to pform in the severe situation since last year.

Mechanical and electrical products are still the highlight of Guangdong's exports. In the first quarter, the export of mechanical and electrical products increased by 4.5% in the first quarter, accounting for 69.8% of the total value of Guangdong's foreign trade exports. The export of high-tech products (with mechanical and electrical products crossed) increased by 2% compared to the same period last year, accounting for 36.4% of the total exports of Guangdong.

Over the same period, exports of 8 major labour intensive products such as textiles, clothing, luggage and so on in Guangdong also increased by 10.4% over the same period last year, but the growth rate was significantly slower than the previous 2 months.

According to customs officials, China's foreign trade export index, released by the General Administration of customs, saw a decline of 1.4 to 38.2 in March compared with February, indicating that China will be the two quarter of next year.

Uncertainty is still in progress. Guangdong's foreign trade is expected to be difficult to pform in the severe situation since last year.

In terms of bilateral trade, Guangdong, Hongkong, Korea, Japan and Taiwan in the first quarter.

Compared with the same period last year, the number of foreign trade in the US, EU and ASEAN reached a single digit growth.

In addition, Guangdong has maintained an increase of 2.2% in the import and export of Maritime Silk Road countries during the same period, with exports of 134 billion 750 million yuan and an increase of 16.5%, which is better than the overall situation of Guangdong.

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From the point of subdivision data, China's exports to major export countries and regions declined in March, and exports to the United States, the European Union, ASEAN, Japan and China in Hongkong decreased by 8%, 19.1%, 9.3%, 24.8% and 18.3% respectively.

The detailed data of export commodities were also sluggish, and the exports of agricultural products, electromechanical products and high and new technology products decreased by 18.1%, 8.4% and 4.7% respectively.

From the way of trade, the general trade, the processing trade and the processing trade have also declined, and the decline is 6%, 4% and 7.2% respectively.

The foreign trade situation is more severe than expected.

Taking into account the monthly fluctuations caused by the Spring Festival factor, observing the overall quarterly data may be more helpful in judging the current situation.

In the first quarter, China's import and export value was 904 billion 166 million US dollars, down 6.3%.

Imports declined by 17.6%, exports increased by 4.7%, and export growth was lower than 8.6% in the fourth quarter of last year, but significantly higher than -3.4% in the same period last year.

In the first quarter of the year, the data seemed to be more optimistic than March alone, but the trend of export slowdown still deserves high attention.

In March, the official manufacturing PMI's new orders and export orders index dropped 0.2 percentage points.

The leading export index for the next 2 to 3 months is down 1.4 again in March, indicating that China's exports remain uncertain in the two quarter.

At present, the global economic growth is still weak. In addition to the good performance of the US economy, the euro area and Japan's economic performance is weak, and the growth of the emerging market economies is slowing down. Compared to last year, our foreign demand situation has not improved.

The problem of high cost pressures remains unsolved.

Under the pressure of the domestic economic downturn, it is difficult for the import sector to recover in the short term.

Although relevant departments have stepped up action this year to boost growth, the policy effect will take some time to emerge.

On the whole, under the pressure of internal and external, this year's foreign trade will achieve 6% of the growth target will be very difficult.

It is worth noting that there are also structural highlights in the first quarter data: exports of seven types of labor intensive products such as textiles and clothing increased by 6.1%, and the export of mechanical and electrical products increased by 6.4%, which is better than the total export. The growth rate of high-end manufacturing products such as pportation tools, mobile phones and metal processing machine tools is all above 20%.

This shows that in the trend of slowing growth of foreign trade, new kinetic energy is beginning to appear.

On the one hand, the new kinetic energy comes from the pformation of the "old engine": the upgrading of traditional growth kinetic energy such as labor intensive and processing trade; on the other hand, it comes from the creation of the new engine: at present, independent intellectual property rights, new and high technology and high-end manufacturing products emerge in endlessly; new trade formats such as cross-border e-commerce, market purchasing trade and financial leasing are developing vigorously; the strategy of "one belt and one road" and free trade zone will also open up a new pattern of China's opening up.

At present, the proportion of new energy driven exports is relatively low, and it is difficult to support the rapid growth of foreign trade. However, these are not only favorable factors to promote China's foreign trade growth this year, but also a long-term motive force to promote growth through structural upgrading.

Under the new normal, the growth of foreign trade has entered the pition period: gradually farewell to the single extensive mode of relying on cost advantage in the past, and become a mixed force of new and old engines, and the "double engine" mode has emerged.