The first quarter of 2017 China’s foreign trade import and export situation
- Date: Apr 17, 2017
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- Categories: News
According to customs statistics, the first quarter of 2017, China’s trade in goods import and export value of 6.2 trillion yuan, compared with the same period in 2016 (the same below) increased by 21.8%. Among them, exports 3.33 trillion yuan, an increase of 14.8%; imports 2.87 trillion yuan, an increase of 31.1%; trade surplus of 45.494 billion yuan, narrowing 35.7%. The specific situation mainly has the following aspects:
First, the general trade import and export growth, the proportion of upgrading. In the first quarter, China’s general trade import and export 3.49 trillion yuan, up 23.2%, accounting for 56.2% of China’s total import and export value, up 0.6 percentage points over the same period in 2016, trade structure has been optimized.
Second, on the part of the country along the way import and export growth. In the first quarter, China’s imports and exports to Russia, Pakistan, Poland, Kazakhstan and India increased by 37%, 18.7%, 19%, 69.3% and 27.7% respectively. Over the same period, China’s imports and exports to the EU increased by 16.9%, 21.3% growth in US imports and exports, import and export growth of ASEAN 25%, 3 total accounted for 41.4% of China’s total import and export value.
Third, the proportion of private enterprises to increase import and export. In the first quarter, China’s private enterprises import and export 2.28 trillion yuan, an increase of 22.5%, accounting for 36.8% of my total foreign trade, up 0.2 percentage points over the same period last year. Among them, the export of 1.49 trillion yuan, up 17%, accounting for 44.9% of total exports, exports continue to maintain the status of the first place; imports 788.4 billion yuan, an increase of 34.7%.
Fourth, mechanical and electrical products, traditional labor-intensive products are still the main export. In the first quarter, China’s exports of electromechanical products 1.93 trillion yuan, an increase of 15.1%, accounting for 58.1% of China’s total exports. Among them, mobile phone exports increased by 21.1%, automatic data processing equipment exports increased by 12.5%. Over the same period, the traditional labor-intensive products total exports 654.7 billion yuan, an increase of 10.5%, accounting for 19.7% of total exports.
Fifth, iron ore, crude oil and other commodity imports and prices Qi Sheng. In the first quarter, China imported 271 million tons of iron ore, an increase of 12.2%; crude oil 105 million tons, an increase of 15%; soybean 19.52 million tons, an increase of 20%; natural gas 15.03 million tons, an increase of 4.3%; copper 115 million tons, %; Refined oil 7.68 million tons, down 0.6%. In the same period, China’s import prices generally rose 13.5%. Among them, the average price of iron ore imports rose 80.5%, crude oil rose 64.7%, refined oil rose 47%, copper rose 31.3%, soybean up 20.6%.
Six months, China’s foreign trade export pilot index was flat. In March, China’s foreign trade export pilot index for the 40.2, the end of four consecutive months of rising trend, unchanged from last month. Among them, according to the network survey data show that the month, China’s export managers index rose 2.2 to 43.8; new export orders index, manager confidence index, corporate comprehensive cost index rose 2.2,3,0.4 to 46.4,50.9,22.
Overall, the first quarter, China’s import and export continued since the second half of last year’s return to good trend, positive changes increased. But the situation in the first quarter can not represent the whole year, on the one hand, China’s foreign trade situation is still serious and complex, unstable, uncertain factors are still more difficult to face short-term; the other hand, foreign trade development there are still many favorable conditions, Good fundamentals have not changed. In this regard, the Customs will thoroughly implement the spirit of the Central Economic Work Conference and government work report decision-making arrangements, adhere to the overall tone of the work, focus on building an open new economic system, solid progress in stabilizing foreign trade growth policy measures to implement , To promote foreign trade continued to stabilize for the better.