May 05, 2024

In February, China’s total import and export value fell by 15.7%, and exports fell by 20.6%.

Abstract According to customs statistics, the first two months of 2016, total imports and exports of 3.31 trillion yuan, down 12.6% over the same period last year (the same below). Among them, exports were 1.96 trillion yuan, down 13.1%; imports were 1.35 trillion yuan, down 11.8...
According to customs statistics, in the first two months of 2016, China’s total import and export value was 3.31 trillion yuan, down 12.6% from the same period last year. Among them, exports were 1.96 trillion yuan, down 13.1%; imports were 1.35 trillion yuan, down 11.8%; trade surplus was 615.9 billion yuan, narrowing by 15.9%.
In February, China’s total import and export value was 1.43 trillion yuan, down 15.7%. Among them, exports were 821.8 billion yuan, down 20.6%; imports were 61.23 billion yuan, down 8%; trade surplus was 209.5 billion yuan, narrowing 43.3%.

In the first two months, China's foreign trade import and export mainly showed the following characteristics:
First, the proportion of general trade exports has increased. In the first two months, China’s general trade import and export was 1.87 trillion yuan, down 12.8%, accounting for 56.5% of my total foreign trade. Among them, exports were 1.12 trillion yuan, down 12.6%, accounting for 56.8% of the total export value, up 0.3 percentage points over the same period of last year; imports were 753.27 billion yuan, down 13.2%, accounting for 55.9% of the total value of imports; 100 million yuan, narrowed by 11.3%. In the same period, China's import and export of processing trade was 978.81 billion yuan, down 15.3%, accounting for 29.6% of China's total foreign trade, down 0.9 percentage points over the same period last year. Of this total, exports were 629.73 billion yuan, down 15.9%, accounting for 32.1% of total exports; imports were 349.08 billion yuan, down 14.4%, accounting for 25.9% of total imports; processing trade was 280.65 billion yuan, narrowing 17.7%.
In addition, China's import and export by special customs supervision method was 340.13 billion yuan, a drop of 3%, accounting for 10.3% of my total foreign trade. Of this total, exports were 126.85 billion yuan, down 5.3%, accounting for 6.5% of total exports; imports were 213.28 billion yuan, down 1.6%, accounting for 15.8% of total imports.
Second, the import and export of major trading partners declined. In the first two months, the EU was China's largest trading partner. The total trade value of China and the EU was 516.06 billion yuan, down 9.7%, accounting for 15.6% of China's total foreign trade. Among them, I exported 336.84 billion yuan to the EU, down 10.7%; imported 179.22 billion yuan from the EU, down 7.7%; trade surplus with Europe was 157.62 billion yuan, narrowing 13.9%. The United States is China's second largest trading partner. The total trade value between China and the United States is 471.14 billion yuan, down 12.2%, accounting for 14.2% of China's total foreign trade. Among them, my exports to the United States were 352.6 billion yuan, down 10.9%; imports from the United States were 118.54 billion yuan, down 15.8%; trade surplus with the United States was 234.06 billion yuan, narrowing 8.2%.
In the first two months, ASEAN was China's third largest trading partner. The total trade value with ASEAN was 398.73 billion yuan, down 14.9%, accounting for 12% of China's total foreign trade. Among them, I exported 238.44 billion yuan to ASEAN, down 20.4%; imported 160.29 billion yuan from ASEAN, down 5%; trade surplus with ASEAN was 78.15 billion yuan, narrowing 40.3%. Japan is China's fifth largest trading partner. The total trade value between China and Japan is 245.68 billion yuan, down 6.7%, accounting for 7.4% of China's total foreign trade. Among them, exports to Japan were 128.24 billion yuan, down 7.3%; imports from Japan were 117.44 billion yuan, down 6.2%; trade surplus with Japan was 10.8 billion yuan, narrowing 17.8%. .
Third, the proportion of private enterprises import and export increased. In the first two months, the import and export of private enterprises was 1.29 trillion yuan, a decrease of 7.3%, accounting for 38.8% of the total value of foreign trade, an increase of 2.2 percentage points over the same period of last year. Among them, exports were 928.24 billion yuan, down 10.2%, accounting for 47.3% of the total export value; imports were 357.9 billion yuan, up 1.2%, accounting for 26.6% of the total value of imports. In the same period, foreign-invested enterprises imported and exported 1.5 trillion yuan, down 13.7%, accounting for 45.3% of my total foreign trade. Among them, exports were 827.41 billion yuan, down 14.7%, accounting for 42.1% of total exports; imports were 671.05 billion yuan, down 12.5%, accounting for 49.8% of total imports.
In addition, the import and export of state-owned enterprises was 513.19 billion yuan, a decrease of 21.4%, accounting for 15.5% of the total value of foreign trade. Among them, exports were 207.23 billion yuan, down 18.7%, accounting for 10.6% of total exports; imports were 305.96 billion yuan, down 23%, accounting for 22.7% of total imports.
4. Exports of traditional labor-intensive products such as mechanical and electrical products, textiles and clothing declined. In the first two months, China's exports of mechanical and electrical products reached 1.11 trillion yuan, down 12.2%, accounting for 56.6% of the total value of exports. Among them, the export of electrical and electronic products was 487.3 billion yuan, down 7.2%; the mechanical equipment was 32.52 billion yuan, down 12.6%. In the same period, clothing exports were 157.05 billion yuan, down 11.8%; textiles were 100.53 billion yuan, down 9.3%; footwear was 52.08 billion yuan, down 17.3%; furniture was 51.79 billion yuan, down 17.8%; plastic products were 34.95 billion yuan, down 11%; The luggage was 25.63 billion yuan, down 14.7%; the toy was 12.76 billion yuan, up 3.5%; the total export of the above 7 categories of labor-intensive products was 434.79 billion yuan, down 12.4%, accounting for 22.1% of the total export value. In addition, the export of fertilizers was 3.83 million tons, a decrease of 28.8%; the steel was 17.85 million tons, a decrease of 1.3%; and the number of automobiles was 90,000, a decrease of 33.5%.
5. Imports of major commodities such as iron ore, crude oil, refined oil and copper increased, while imports of coal and steel decreased, and prices of major imported commodities generally fell. In the first two months, China imported 155.8 million tons of iron ore, an increase of 6.4%, the average import price was 287.2 yuan per ton, down 33.3%; crude oil was 58.49 million tons, an increase of 9.3%, the average import price was 1654.6 yuan per ton, down 36.7%; coal 28.78 million tons, a decrease of 10.2%, the average import price was 311.2 yuan per ton, down 25.1%; refined oil 5.3 million tons, an increase of 5.5%, the average import price was 2236.8 yuan per ton, down 25.4%; primary shape Plastics 3.61 million tons, a decrease of 4.7%, the average import price of 102,000 yuan per ton, down 6.4%; steel 1.86 million tons, a decrease of 8.4%, the average import price of 6555.7 yuan per ton, down 12%; unwrought copper And copper 860,000 tons, an increase of 23.3%, the average import price of 32,500 yuan per ton, down 18.5%.
In addition, the import of mechanical and electrical products was 646.1 billion yuan, down 8.7%; among them, 120,000 vehicles, a decrease of 27.6%.

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