Ministry Of Commerce: The Cumulative Decline In Exports Has Narrowed For 5 Consecutive Months.

The Ministry of Commerce held a regular press conference to announce the general situation of China's business operation in the 1-7 months of this year and the month of July.

Shen Danyang, spokesman of the Ministry of Commerce, said that since March, the cumulative decline in China's foreign trade has narrowed for 5 consecutive months, and exports are better than those of the world's major economies such as the US, Japan, South Korea, Russia and India. The trend of China's foreign trade stabilization has not changed.

According to customs statistics, 1-7 months, the national import and export 13 trillion and 210 billion yuan, a year-on-year decline of 3%. Among them, exports were 7 trillion and 600 billion yuan, down 1.6%; imports 5 trillion and 610 billion yuan, down 4.8%; the surplus was 1 trillion and 990 billion yuan, an increase of 8.7%. In US dollars, in 1-7 months, the total import and export volume of US $20278 was 8.7%. Among them, exports amounted to 11676 billion US dollars, down 7.4%; imports 860 billion 100 million US dollars, down 10.5%; the surplus was US $307 billion 500 million, an increase of 2.6%. From the 1-7 month operation of foreign trade, China's foreign trade continued to maintain a stable trend. The main features are as follows:

First, from foreign trade In terms of development trend, the cumulative decline in export volume has narrowed for 5 consecutive months. Since March, the cumulative decline in China's foreign trade has narrowed for 5 consecutive months. Exit It is better than the major economies of the United States, Japan, Korea, Russia and India. The trend of China's foreign trade stabilization has not changed.

Two, from the perspective of enterprises, private enterprises are still the main force of export. In 1-7 months, the export volume of private enterprises increased by 3.6%, accounting for 46.8% of the total export volume of the whole country, which was 2.6 percentage points higher than that of the same period last year. Private enterprises account for more than foreign enterprises and state-owned enterprises, and continue to maintain the status of China's largest exporters. State owned and Foreign enterprise Exports fell by 6.8% and 5.6% respectively.

Three, from the international market, exports to some countries and regions of "one belt and one road" are better than the overall level. In 1-7 months, I exported 26.1%, 14.5%, 9.4% and 7.3% exports to Philippines, Russia, Thailand and India. Exports to the EU increased by 1.7%, and exports to Japan decreased by 0.2%, which is faster than the overall growth rate of exports by 3.3 and 1.4 percentage points respectively.

Four, from the perspective of trade, the proportion of general trade continues to increase. In 1-7 months, the general trade export increased by 0.8%, accounting for 55.7% of the total import and export volume of the whole country, an increase of 1.3 percentage points from the same period last year. The processing trade has dropped by 7.8%, which has declined for 17 consecutive months, and has slowed down the overall export growth by 2.7 percentage points.

Five is from Commodity structure Look, exports of large sets and high value-added products are growing steadily. In the 1-7 month, the export of mechanical and electrical products and high-tech products decreased by 1.9% and 1.6% respectively, but the export of large scale equipment increased by 3%, and the export of high value-added products such as integrated circuits increased by 2.9%. Seven categories of labor-intensive products exports grew by 0.2%, of which toys, plastic products and textiles grew by 14.5%, 4.4% and 3.9% respectively.

Six, from the perspective of regional distribution, the import and export of the eastern region is better than that of the whole country. In 1-7 months, the eastern region imported and exported 11 trillion and 330 billion yuan, down 2.4%. The central region imports and exports 939 billion 200 million yuan, down 4.5%. The western region imports and exports 942 billion 700 million yuan, down 7.8%.

Seven, from the point of view of imports, the import volume of some bulk commodities keeps increasing. In the 1-7 month, 10 kinds of bulk commodities, such as crude oil, iron ore and copper concentrate, increased in price, and the price increased by 3.1%-36.2%. The price dropped by 9.6%-33.9%. The total reduction in foreign exchange payment was US $57 billion 760 million (about 380 billion yuan), which helped enterprises to reduce costs and improve efficiency.