Exports Of Clothing, Footwear And Other 7 Categories Of Products Declined In The First Two Months.

In the first two months, clothing, textiles, footwear and other 7 categories of labor-intensive products totaled 434 billion 790 million yuan, down 12.4%, accounting for 22.1% of the total value of exports.

Customs import and export data released on the 8 day showed that in the first two months of 2016, the total value of China's imports and exports was 3 trillion and 310 billion yuan, down 12.6% from the same period last year.

Among them, exports were 1 trillion and 960 billion yuan, down 13.1%; imports 1 trillion and 350 billion yuan, down 11.8%; trade surplus 615 billion 900 million yuan, narrowed 15.9%.

According to customs statistics, in February, China's import and export value was 1 trillion and 430 billion yuan, down 15.7%.

Among them, exports of 821 billion 800 million yuan, a decrease of 20.6%, a decline far greater than last month's 6.6%; imports of 612 billion 300 million yuan, down 8%, a slight narrowing from last month, a trade surplus of 209 billion 500 million yuan, narrowed 43.3%.

From the perspective of trade mode, China's general trade import and export decreased by 12.8% in the first two months, accounting for 56.5% of the total foreign trade.

Over the same period, China's import and export of processing trade dropped by 15.3%, accounting for 29.6% of the total value of foreign trade, down 0.9 percentage points from the same period last year.

From the perspective of product mix, the export of mechanical and electrical products in China in the first two months was 1 trillion and 110 billion yuan, down 12.2%, accounting for 56.6% of the total export value.

Clothing, textiles, footwear and other 7 categories of labor-intensive products total exports of 434 billion 790 million yuan, down 12.4%, accounting for 22.1% of the total value of exports.

From a regional perspective, China's imports and exports of major trading partners have declined.

In the first two months, China's exports to the European Union, the United States, ASEAN and Japan fell by 10.7%, 10.9%, 20.4% and 7.3% respectively.

From the point of view of import structure, imports of iron ore, crude oil, refined oil and copper and other major commodities increased, and imports of coal and steel decreased.

It is noteworthy that in dollar terms, exports fell by 25.4% in February, the biggest monthly decline since 2009.

Industry experts said that on the one hand, the February foreign trade data were affected by the Spring Festival factor, on the other hand, it also showed that the external demand remained weak, and the pressure to curb export decline is still very large.

Despite the fact that China's

Affected by the lunar new year, exports fell by an average of 12.6% from 1 to February, up from -1.7% in the fourth quarter of last year, which means China's external demand has continued to weaken.

Meanwhile, imports fell by an average of 13.2% from 1 to February, up from -8.3% in the fourth quarter of last year, reflecting a decline in commodity prices and continued weakness in domestic demand.

Qu Hongbin, chief economist of HSBC Greater China, said exports were down 25.4% in February, the biggest monthly decline since the economic crisis.

In addition to the high base effect last year, the continued decline of external demand is still the main reason for the decline in exports.

In the first two months, exports still fell by 17.9% compared with the same period last year, a drop deeper than the end of last year.

Exports to major markets have declined significantly, especially for ASEAN countries.

The fall in imports narrowed slightly from the previous month, mainly due to stable commodity prices and weak domestic demand.

Gao Hucheng, Minister of Commerce, said in a media interview not long ago that there should be "adequate mental preparation" for all possible fluctuations in foreign trade data in February.

"From historical experience, the monthly import and export data will fluctuate considerably in the first quarter of the year, due to factors such as Spring Festival holidays."

Gao Hucheng said, because the Spring Festival is in February, affected by this, there will be some changes in the production and outgoing of the factory, which may cause the fluctuation of import and export data in February.

He also pointed out that the data in 1 and February were not the main indicators for us to judge the trend of foreign trade throughout the year.

Li Jian, director of the Foreign Trade Research Institute of the Ministry of Commerce, told reporters that China's foreign trade development is facing severe challenges in the long run.

First, the market share has reached the ceiling on the original level of division of labor.

In the middle and low end industrial products market, China has occupied 50% or even higher market share, and has encountered more and more developing countries' competition.

In addition, the traditional demographic dividend and low factor cost advantages are gradually losing, and the low-end processing trade will continue to shift outwards.

China is also facing more and more trade frictions of all kinds of trade partners.

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A sharp fall of 20.6% has almost returned to the 2009 financial crisis, with external factors and internal factors.

In the view of Bai Ming, deputy director of the international market research department of the Ministry of Commerce, the international market has not changed. Our country has been squeezed by double industrialization from developed countries and developing countries. The traditional advantages of foreign trade have been lost too fast, and the formation of new advantages is relatively slow. All these have caused the current situation of foreign trade to accelerate decline.

Lu Xun, deputy director of the Ministry of foreign trade of the Ministry of Commerce, pointed out that China

The high growth over the past 30 years has come into being in the context of the long cycle of world economic prosperity, accelerated development of globalization, international industrial pfer, information technology revolution in the United States, financial innovation, boosting world economic growth and China's low cost elements.

"But at the moment, all these factors are undergoing profound changes. We must soberly realize that the era of sustained high growth in China's foreign trade is gone forever."