January 2017 China’s foreign trade import and export growth

According to customs statistics, in January 2017, China’s import and export value of 2.18 trillion yuan, up 19.6% over the same period last year (below). Among them, exports 1.27 trillion yuan, up 15.9%; imports 911.17 billion yuan, up 25.2%; trade surplus 354.53 billion yuan, narrowed 2.7%.

In January, China’s foreign trade import and export mainly presents the following characteristics:

First, the proportion of general trade import and export has improved. In January, China’s import and export of general trade was 1.25 trillion yuan, up 19.9 percent, accounting for 57.3 percent of the total value of foreign trade, up 0.1 percentage points from the same period last year. Which exports 708.88 billion yuan, up 12.7%, accounting for 56% of total exports; imports 538.77 billion yuan, an increase of 30.8%, accounting for 59.1% of total imports; general trade surplus of 1697.1 billion yuan, narrowing 21.7%. Over the same period, China’s processing trade import and export 586.13 billion yuan, up 11.6%, accounting for 26.9% of total foreign trade, down 1.9 percentage points over the same period last year. Of which exports were 390.82 billion yuan, up by 14.6 percent, accounting for 30.9 percent of the total value of exports. Imports amounted to 195.31 billion yuan, up by 5.9 percent, accounting for 21.4 percent of the total value of imports. The surplus of processing trade was 195.51 billion yuan, expanding by 24.8 percent.

In addition, China’s import and export of special customs supervision 234.4 billion yuan, an increase of 33.4%, accounting for 10.8% of the total value of foreign trade. Of this total, exports were 73.77 billion yuan, up 12.1 percent, accounting for 5.8 percent of the total value of exports. Imports amounted to 160.63 billion yuan, up 46.2 percent, accounting for 17.6 percent of the total value of imports.

Second, the European Union, Japan and ASEAN markets such as import and export growth. In January, the EU is China’s largest trading partner, China-EU trade 325.56 billion yuan, up 14.1%, accounting for 15% of the total value of foreign trade. Among them, I export to the EU 211.64 billion yuan, up 13.6%; imports from the EU 1139.2 billion yuan, up 15.2%; trade surplus of 97.72 billion yuan in Europe, an increase of 11.8%. The United States is China’s second largest trading partner, with a total trade value of 32.07 billion yuan, up 21.9 percent, accounting for 14.7 percent of the total value of foreign trade. Among them, I exported 233.98 billion US dollars, up 17.2%; imports from the United States 86.09 billion yuan, up 36.7%; the US trade surplus 147.89 billion yuan, an increase of 8.2%.

In January, ASEAN was China’s third largest trading partner, with ASEAN trade value of 266.84 billion yuan, an increase of 18.8%, accounting for 12.3% of my total foreign trade. Among them, I exported 155.44 billion yuan to ASEAN, an increase of 13.7%; imports from ASEAN 112.2 billion yuan, up 26.6%; trade surplus of ASEAN 42.44 billion yuan, narrowing 10.4%. Japan is China’s fourth largest trading partner, the total value of Sino-Japanese trade was 155.03 billion yuan, up 18.4%, accounting for 7.1% of the total value of foreign trade. Among them, exports to Japan 84.93 billion yuan, up 18%; imports from Japan 70.1 billion yuan, up 18.8%; trade surplus 14.83 billion yuan to Japan, expanding 14.4%.

Third, the proportion of private enterprises to enhance the import and export, foreign-invested enterprises and state-owned enterprises have increased imports and exports. In January, the import and export of private enterprises reached 861.74 billion yuan, up 21.3 percent, accounting for 39.6 percent of the total value of foreign trade, up 0.6 percentage points from the same period last year. Among them, exports 612.38 billion yuan, up 18.9%, accounting for 48.4% of total exports; imports 249.36 billion yuan, up 27.9%, accounting for 27.4% of total imports. Over the same period, foreign-invested enterprises import and export 915.57 billion yuan, an increase of 13%, accounting for 42.1% of the total value of foreign trade. Of this total, exports were 511.22 billion yuan, up 11.8 percent, accounting for 40.4 percent of the total value of exports. Imports of 404.35 billion yuan, up 14.5 percent, accounted for 44.4 percent of the total value of imports.

In addition, the import and export of state-owned enterprises was 392.85 billion yuan, up 36.7 percent, accounting for 18 percent of the total value of foreign trade. Of this total, exports were 141.11 billion yuan, up 19.1 percent, accounting for 11.1 percent of the total value of exports. Imports amounted to 251.74 billion yuan, up 48.9 percent, or 27.6 percent of the total value of imports.

Fourth, mechanical and electrical products, textiles and clothing and other traditional labor-intensive products export growth. In January, China’s export of electromechanical products was 709.57 billion yuan, up 16.6 percent, accounting for 56.1 percent of the total export value. Among them, electrical and electronic products exports 302.87 billion yuan, an increase of 12.5%; machinery and equipment 1978.9 billion yuan, an increase of 14.4%. ; Footwear 35.79 billion yuan, an increase of 16.8%; furniture 32.45 billion yuan, an increase of 4.1%; plastic products 23.36 billion yuan, an increase of 20.5%; the same period, exports of clothing 99.27 billion yuan, an increase of 9.5%; textiles 66.41 billion yuan, up 11.2% The export volume of the above-mentioned seven categories of labor-intensive products totaled 286.88 billion yuan, up 13 percent, accounting for 22.7 percent of the total value of exports. In addition, exports of fertilizer 1.21 million tons, down 51.3%; steel 7.42 million tons, down 23.2%; cars 70,000, an increase of 65.7%.

5, iron ore, crude oil, coal and other major commodity imports and volume prices Qi Sheng. In January, China imported iron ore 92 million tons, an increase of 12%, the average import price of 524.9 yuan per ton, up 81.3%; crude oil 34.03 million tons, an increase of 27.5%, the average price of 2644.4 yuan per ton, up 46.7% ; Coal 24.91 million tons, an increase of 64.4%, the average price of imports of 650 yuan per ton, up 1.1 times; refined oil 2.6 million tons, down 2.2%, the average price of imports per ton 3284.7 yuan, up 48.3%; 2.5 million tons, an increase of 10.2%, the average import price of 12,200 yuan per ton, up 9.9%; steel 1.09 million tons, an increase of 17.7%, the average import price of 6853.6 yuan per ton, up 0.8%; Material 38 million tons, a decrease of 12.7%, the average import price of 4.26 million yuan per ton, up 30.5%.

In addition, imports of machinery and electronic products 3884.1 billion yuan, an increase of 12.9%; of which 80,000 vehicles, an increase of 29.1%.

Six, foreign trade export pilot index rebounded. In January, the export index of China’s foreign trade was 39, up by 1.6 from last December, and the export pressure in the second quarter of 2017 is expected to ease. Among them, according to the network survey data show that the month, China’s export managers index of 41.5, up 2.1 over the previous month; new export orders index, the manager confidence index rose 2,3.7 to 43.9,47.2, the export enterprise comprehensive cost index Down 1.1 to 22.8.