The General Administration Of Customs Announced The Latest Import And Export Data, Up To 31 Trillion And 540 Billion Yuan!

Customs General Administration releases latest import and export data

In December 2019, import and export volume, export and import volume all reached a monthly peak. At the same time, import and export, exports and imports all reached a record high throughout the year.

In December, China's imports and exports reached 3 trillion and 10 billion yuan, an increase of 12.7% over the same period last year. Among them, exports were 1 trillion and 670 billion yuan, an increase of 9%; imports of 1 trillion and 340 billion yuan, an increase of 17.7%.

In 2019, the total value of imports and exports of China's goods trade was 31 trillion and 540 billion yuan, an increase of 3.4% over the same period last year. Among them, exports were 17 trillion and 230 billion yuan, an increase of 5%; imports of 14 trillion and 310 billion yuan, an increase of 1.6%; trade surplus of 2 trillion and 920 billion yuan, an expansion of 25.4%.

For the record performance of December, Huang Guohua, head of the Department of statistics and analysis of the Customs General Administration, explained mainly for the following reasons:

First, since November 2019, the PMI expansion of China's manufacturing industry for two consecutive months has led to an increase in imports of some raw materials and energy products. For example, in December, the import volume of iron ore, copper ore and refined oil increased by 17.2%, 31.9% and 10% respectively, pushing up the import scale.

Second, influenced by the rising international market prices, the import price of some commodities increased. For example, the average price of iron ore imports rose by 18% in December, and the total import volume increased by 1.5 percentage points in the case of 17.2% increase in imports.

Third, Sino US economic and trade consultations have released positive signals and business confidence has risen. In December, exports of toys, plastic products and furniture increased by 26.1%, 22.7% and 14.2% respectively. The General Administration of Customs conducts a network questionnaire survey on 3000 foreign trade enterprises every month. The survey data in November and December show that the number of enterprises optimistic about the export situation in the next two to three months is increasing, and the number increased in December has reached the highest level since the second half of 2018.

There is another reason why China's import and export decreased by 1.4% in December 2018. In other words, the year-on-year base in December 2018 is relatively low, and in December 2019, foreign trade has a restorative growth nature.

Sino US economic and trade agreements are mutually beneficial to both sides.

Zou Zhiwu said that after the signing of the first stage economic and trade agreement between China and the United States, China's increase in imports from the United States will not affect imports from other countries, because China has a huge market and trade is diversified. The signing of the agreement will enable us and China to make new progress on the basis of mutual benefit and win-win situation, which is beneficial to both countries and the world.

For the main reason for the growth of China's foreign trade, Zou Zhiwu said he thought there were three main aspects:

First, the domestic economy is stable. The basic trend of China's economic stability and long-term improvement has not changed.

Second, the overall resilience of the Chinese economy is relatively strong, and this toughness is also reflected in the field of foreign trade. China's economy has strong resilience, potential and room for maneuver. This resilience is also available in the field of foreign trade.

The third is the sustained release of the stable foreign trade policy.

Regarding the 2020 foreign trade situation, Zou Zhiwu said that the current world economic growth continued to slow down, still in the deep adjustment period after the international financial crisis, the global economic uncertainty and risk challenges increased significantly, and the external environment facing the development of foreign trade is still grim and complicated. But with the further development of the supply side structural reform, the domestic "six stability" policy measures continue to fall into effect, business environment continues to improve, market main body vitality continues to increase, the foreign trade structure is constantly optimized, and the trend of power transformation has been accelerated. The long-term trend has not changed. It is expected that China's foreign trade in 2020 will continue to maintain overall stable growth, and high quality development will take a new step.

Good export business at the end of the year, will the textile business be good in 2020?

The 19 year's foreign trade market is more stable, even in the traditional peak season. The main cause of this situation is the Sino US trade war.

　　 As the Sino US trade war ended, and the relationship was repeated, it showed instability. Based on this background, the textile enterprises' orders are greatly reduced. In particular, every time the duty message came out, the textile enterprises were directly affected, and the order was severely or even forced to cancel.

A head of a large foreign trade enterprise in Shengze said that the Sino US trade war has far-reaching impact on our enterprises, and sometimes it will encounter customers' cancellation of orders. This is the most direct. Far away, Sino US trade relations are unstable, and the relationship between them is also not stable, which will affect subsequent orders.

Since 2019, influenced by the uncertainty of Sino US trade relations, the textile industry chain production has slowed down and the industry profits have declined. Many textile foreign trade bosses said that when the trade war started, the impact of the US customers' orders was relatively large, and the other side was more cautious. But in December of 19, Sino US trade benefits also came out. The market did welcome a wave of concentration order, but the feedback to the weaving Market is now basically accepted by the current situation, and the digestion and reaction of the news is relatively quiet.

"This year, American customers have cancelled several orders, and some orders have been woven on the machine. The cancellation has resulted in a certain loss. So at the end of this year, I dare not do more stocking, for fear that next year the policy will be reversed again." A foreign trade boss in Wujiang said.

However, it is undeniable that although the Sino US trade easing has greatly boosted the market, China's share of textiles and clothing occupied by Southeast Asian countries has disappeared.

Over the past two or three years, the textile industry in Southeast Asia has developed rapidly, especially Vietnam, which has become the largest textile exporter in the world. In September of this year, Vietnam's textile and clothing exports amounted to about 29 billion 240 million US dollars, up 9.23% over the same period last year.

How the tariffs will be borne and the trade between China and the United States will be plagued, no matter who will bear it, no matter how much the ratio will be borne, it will weaken the competitiveness of Chinese textile and clothing in the US market. The market share of Chinese textiles and clothing in the United States will be partly occupied by the rising Southeast Asian textile industry.

A foreign trade textile chief said: "one of my main customers, the order amount last year was 1 million 500 thousand dollars, but this year's order is less than 500 thousand dollars. According to customers, they are hesitant to choose a Chinese manufacturer or a manufacturer in Southeast Asia this year, so they gave some orders to Southeast Asian manufacturers. Another foreign trade textile salesman said, "one of my clients got the price of Kampuchea 3% higher than my offer this year, but Kampuchea imports zero tariff, China imports 12% tariffs, 9 points gap, and customers hesitate to choose Kampuchea."

On the whole, 19 years' foreign trade enterprises are influenced by external factors. After a dull year, cloth bosses are full of expectations for the market boom in 2020. Xiaobian believes that the improvement of the foreign trade market next year will depend largely on the Sino US trade situation. Although there is a certain improvement in the number of enterprises from the current foreign trade orders, it is not enough to drive the whole market. Therefore, textile enterprises should pay close attention to the Sino US trade war.