Yao Jian, a spokesperson for the Ministry of Commerce, reported on China's foreign trade in the first quarter at a regular press conference yesterday. According to customs statistics, from January to March, the total import and export volume of the country was 800.31 billion US dollars, an increase of 29.5%. Among them, exports were 399.64 billion US dollars, up 26.5%; imports were 400.66 billion US dollars, up 32.6%, and the trade deficit was 1.02 billion US dollars (previous year: a surplus of 13.92 billion US dollars). Yao Jian said that the first quarter of the foreign trade situation mainly presents the following four characteristics: First, the import volume hit a record high, showing a small quarterly deficit. In the slow recovery of the world economy and the recovery of international market demand, exports in the first quarter reached 399.64 billion US dollars, an increase of 26.5%, of which price increases by 11 percentage points; in the domestic demand increased, international commodity prices rose and other factors, Imports reached US$40.66 billion, a record high in the quarter, an increase of 32.6%, of which price increases by 16.5 percentage points. As the growth rate of imports was faster than the growth rate of exports, the trade deficit in the first quarter was 1.02 billion US dollars, and the quarterly deficit appeared for the first time in the past 6 years. Second, the share of exports to Europe and the United States has declined, and trade with some emerging markets has grown rapidly. In the first quarter, my exports to the EU and the US increased by 17.2% and 21.4%, respectively, accounting for 19.2% and 16.5% of the total exports, down 1.5 and 0.7 percentage points respectively. Exports to Japan increased by 28.1%, which was 1.6 percentage points higher than the overall increase; imports from Japan increased by 26.4%, which was lower than the overall increase of 6.2 percentage points. Bilateral trade with some emerging markets such as South Africa and Brazil grew rapidly, with trade volume increasing by 107.1% and 57.7% respectively. Third, the import volume of resource products increased, and the export growth of light textile products was better than that of mechanical and electrical products. In the first quarter, the import volume of crude oil, iron ore and refined oil increased by 11.9%, 14.4% and 27.7% respectively, and the prices increased by 24.3%, 59.5% and 18.7% respectively. These three commodities together boosted imports by 9.1%, of which the price The increase was 5.9 percentage points. The total exports of clothing, textiles, footwear, furniture, luggage and toys totaled US$71.99 billion, an increase of 23.8%. The export of mechanical and electrical products was US$232.03 billion, up 22.8%, which was lower than the overall increase of 3.7 percentage points. The export of automatic data processing equipment, integrated circuits, color TVs and motorcycles increased by 5.8%, 12.5%, 14% and 16.6% respectively. Overall export growth. Fourth, the proportion of export of processing trade declined, and general trade contributed a lot to the increase in imports. In the first quarter, processing trade exports were US$184.51 billion, up 21.6%, accounting for 46.2% of the total exports, down 1.8% year-on-year; imports were US$107.4 billion, up 20.9%. The general trade export was 185.97 billion US dollars, up 31.7%, accounting for 0.3 percentage points higher than the processing trade; the import was 231.95 billion US dollars, up 37.4%, higher than the overall increase of 4.8 percentage points, contributing 64.1% to the import increase, driving imports. The increase was 20.9 percentage points. The general trade deficit increased significantly, to $45.99 billion, an increase of 66.5%.
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