Ministry Of Commerce: Exports Of Clothing, Shoes, Furniture And Other Products Have Been Greatly Affected In The First Quarter.

According to the Ministry of Commerce, in the first quarter of this year, China's total import and export volume was 6 trillion and 570 billion yuan, down 6.4%. Among them, exports were 3 trillion and 330 billion yuan, down 11.4%; imports 3 trillion and 240 billion yuan, down 0.7%; trade surplus 98 billion 330 million yuan, 80.6% reduction. The main features are as follows: from the market, exports to ASEAN increased by 2.4%, and exports to the countries along the belt and road decreased by 1.8%, respectively, which were better than the 13.8 and 9.6 percentage points of the overall export growth. Exports to the US, EU, Japan and other traditional markets decreased by 23.6%, 14.2% and 14.1% respectively. From the perspective of business entities, private enterprises accounted for 51.4% of exports, representing a 2.1 percentage point increase over the same period last year, reflecting strong resilience. From the main products, the export growth of integrated circuits and medical devices were higher than the overall 23.3 and 10.2 percentage points respectively. Exports of clothing, shoes, furniture and other products have been greatly impacted, and seven categories of labor-intensive products have fallen by 3.9 percentage points. From the perspective of trade, the export of processing trade dropped by 17.3%, or 5.9 percentage points. From the monthly point of view, with the accelerated progress of domestic resumption and resumption of production, foreign trade enterprises accelerate the production of pre contract orders, rush for time to rush to perform their contracts, and at the same time, the impact of overseas epidemic has lagged effect, and the import and export decline narrowed in March.

The current stage of domestic epidemic prevention and control has been further consolidated, and foreign trade enterprises have made important progress in resuming work and resuming production. But at the same time, the continuous spread of the international epidemic situation has brought serious impact on the world economy and trade, and the uncertain factors of instability have increased significantly. Major international organizations have sharply reduced the expected growth rate of Global trade growth throughout the year. The impact of the epidemic on foreign trade has shifted from the supply side to the demand side. From the recent Ministry of Commerce's survey of key provinces and cities, import and export chambers of Commerce and key enterprises, the most difficult problem facing foreign trade enterprises is the decline in external demand, which is generally reflected in the cancellation or extension of orders and difficulties in new orders.

According to the decisions and arrangements of the CPC Central Committee and the State Council on coordinating epidemic prevention and control and economic and social development, the Ministry of Commerce will cooperate with all localities and departments in implementing policies and supporting enterprises, and promote a series of policies and measures to stabilize foreign trade, including the full refund of the 1464 products, giving full play to the role of export credit insurance, and increasing the number of small and medium-sized enterprises through special reloan and rediscount. The financial support of micro enterprises, the establishment of a number of cross-border e-commerce comprehensive pilot area, support the development of processing trade, for the first time on the Internet to hold the Canton Fair, etc., actively help enterprises to become crisis, to tide over difficulties and make every effort to stabilize foreign trade and foreign investment basic plate.

The Ministry of Commerce said that the next step is to resolutely implement the spirit of general secretary Xi Jinping's important speeches and instructions. He must continue to closely follow the foreign trade situation while insisting on winning the epidemic prevention and control, and strengthening international cooperation in the prevention and control of epidemic diseases. To resist internal and external pressure, take the initiative to play a strong potential and strong competitiveness in foreign trade industry, and guide enterprises to innovate and develop risks. We should further strengthen the implementation of a series of policies promulgated by the State Council, effectively reduce the burden and help the enterprises, carefully manage the third import fairs, help enterprises actively carry out foreign trade, protect the market and ensure orders, minimize the impact of the epidemic, and make every effort to stabilize the foreign trade and foreign investment base.