Ministry Of Commerce: Operation Of China'S Foreign Trade In 1-5 2020

China's Ministry of Commerce Information Office issued in June 12th: 1-5 months, affected by the epidemic, China's total import and export volume was 11 trillion and 540 billion yuan, down 4.9%. Among them, exports were 6 trillion and 200 billion yuan, down 4.7%; imports 5 trillion and 340 billion yuan, down 5.2%. In the month of May, China's total import and export volume was 2 trillion and 470 billion yuan, down 4.9%. Among them, exports of 1 trillion and 460 billion yuan, an increase of 1.4%; imports of 1 trillion and 10 billion yuan, down 12.7%. In 1-5 months, the main features of foreign trade are as follows:

First, exports to emerging markets are better than the whole. Exports to emerging markets dropped by 2.9%, a drop of 1.9 percentage points, or 0.9 percentage points to 49.7%. Among them, exports to ASEAN increased by 2.8%, an increase of 7.5 percentage points, or 1 percentage points to 15.1%. Exports to traditional markets dropped by 6.5%, accounting for 50.3%.

Two, the proportion of private enterprises' exports increased. The export of private enterprises decreased by 0.3%, the decline was 4.4 percentage points better than the whole market, showing a strong resilience and vitality, accounting for 2.4 percentage points to 52.9%. The export of state-owned enterprises and foreign-funded enterprises decreased by 8.4% and 9.4% respectively.

Three, the export of mechanical and electrical products is better than the whole. The export of mechanical and electrical products decreased by 4%, the decrease was less than 0.7 percentage points, accounting for 61.1%. Among them, IC and computer exports increased by 14.5% and 1.8%. Labor intensive products were greatly affected by outbreaks, and exports of clothing, bags, shoes, toys and furniture dropped by 20.3%. Epidemic prevention materials become the highlight of export growth. Masks drive textile growth by 25.5%, and medical devices and Chinese herbal medicines grow by 33% and 8%.

Four, the proportion of exports in the central and western regions has increased. Exports in the central and western regions decreased by 0.2%, a decline of 4.5 percentage points, and a 0.8 percentage point increase to 18.4%. Exports in the eastern region dropped by 5.7%, a drop of 1 percentage points, or 81.6%.

The five is the increase in imports of major commodities. Commodity prices are generally down, driven by weak international market demand. Crude oil, natural gas, copper, coal, soybeans and other import prices fell by 21.2%, 14.7%, 6.3%, 4.7%, 1.7%, respectively, and imports increased by 5.2%, 1.9%, 12.4%, 16.8% and 6.8% respectively. The price of these commodities alone will slow down the import growth by 3 percentage points.

Since the beginning of this year, in response to the impact of the epidemic on China's foreign trade development, the State Council has issued a series of stable foreign trade policies and measures in a timely manner, mainly including improving the export tax rebate policy, increasing foreign trade credit, increasing export credit insurance support, setting up cross border comprehensive test areas, and supporting exports to domestic sales. Enterprises are trying to relieve the difficulties, seize the market and seize orders, and strive to minimize the impact of the epidemic on foreign trade.

At present, the global epidemic is still deteriorating, with the number of new cases increasing, the world economy is seriously deteriorating and the international demand is shrinking rapidly. Although some countries and regions have "closed the epidemic with epidemic disease", it still takes time for the demand to recover. The uncertainties and instability factors facing China's foreign trade development are increasing significantly, and risks and challenges are unprecedented. The downward pressure has further increased.