Chinese exports in February fell 20.6% imports fell 8%
Phoenix Financial News China General Administration of Customs data show China's exports in February fell 20.6%, imports fell 8%. HSBC Greater China economist Qu Hongbin said the export-than-expected fall in February, the biggest monthly decline after the economic crisis. In addition to the high base effect last year, continued sluggish external demand is still the main cause of the decline in exports. The first two months of data binding term exports still fell 17.9%, down deep at the end of last year. Exports to major markets were down significantly,escarpin louboutin pas cher, ASEAN countries fell even worse. But imports fell slightly from last month narrowed, but mainly due to commodity prices stabilized, domestic demand is still weak.
According to customs statistics, the first two months of 2016, import and export value of 3.31 trillion yuan, down 12.6% over the same period last year (the same below). Among this, exports 1.96 trillion yuan, down 13.1%; imports of 1.35 trillion yuan, down 11.8%; trade surplus of 615.9 billion yuan, narrowed 15.9%.
February, import and export value of 1.43 trillion yuan, down 15.7%. Among them, the export of 821.8 billion yuan, down 20.6%; imports of 612.3 billion yuan, down 8%; trade surplus of 209.5 billion yuan, narrowed 43.3%.
15 years, China's annual import and export value 24.58 trillion yuan, down 7%. This year's government work report did not mention mention foreign trade growth target. Premier Li said that 16 years of import and export targets for stabilized to the good, but did not give specific target figures.
In January this year,scarpe hogan, China's import and export continued to decline, imports fell 14.4%, exports fell 6.6%. Minister of Commerce Gao Hucheng said that beginning in 2016 the global trade is still showing a downward trend, but stabilized to trade good and confident. However, we should also adjust thinking, China's foreign trade did to the traditional industry to quality and efficiency, phase new industry to innovation and development, there is also a speed of conversion, which is also our quality, efficiency and innovation and development must step over a threshold.
According to the General Administration of Customs reported that the first two months, China's foreign trade is mainly characterized by the following features:
First, the proportion of general trade exports has improved. The first two months, China's general trade import and export 1.87 trillion yuan, down 12.8%, 56.5% of our total foreign trade. Which exports 1.12 trillion yuan,scarpe hogan, down 12.6%, accounting for 56.8% of total exports, compared with same period last year to enhance the 0.3 percentage points; imports 753.27 billion yuan, down 13.2%, accounting for 55.9% of total imports; under the general trade surplus in 3630 billion, narrowed 11.3%. Over the same period, China's processing trade import and export 978.81 billion yuan, down 15.3%, 29.6% of our total foreign trade, 0.9 percentage points lower than the same period last year. Exports 629.73 billion yuan,louboutin femme prix, down 15.9%, accounting for 32.1% of total exports; imports 349.08 billion yuan,louboutin prix, down 14.4%, accounting for 25.9% of total imports; processing trade surplus of 280.65 billion yuan, narrowed 17.7%.
In addition, a special customs supervision of import and export of 340.13 billion yuan, down 3%, accounting for 10.3% of our total foreign trade. Exports 126.85 billion yuan, down 5.3%, accounting for 6.5% of total exports; imports 213.28 billion yuan, down 1.6%, accounting for 15.8% of total imports.
Second, import and export of major trading partners declined. 2 months ago, the EU is China's largest trading partner, EU trade worth 516.06 billion yuan,louboutin france, down 9.7%, accounting for 15.6% of our total foreign trade. Among them, the export to the EU 336.84 billion yuan, down 10.7%; imports from the EU 179.22 billion yuan, down 7.7%; the EU trade surplus of 157.62 billion yuan,moncler, narrowed 13.9%. The United States is China's second largest trading partner, bilateral trade amounted to 471.14 billion yuan,adidas france, down 12.2%, accounted for 14.2% of our total foreign trade. Of that, US exports of 352.6 billion yuan, down 10.9%; from the United States imports 118.54 billion yuan, down 15.8%; trade surplus 234.06 billion yuan, narrowed 8.2%.
2 months ago, ASEAN is China's third largest trading partner, and ASEAN trade amounted to 398.73 billion yuan, down 14.9%,louboutin paris homme, accounting for 12% of my total foreign trade. Of that, ASEAN exports 238.44 billion yuan, down 20.4%; imports from ASEAN 160.29 billion yuan, down 5%; ASEAN trade surplus of 78.15 billion yuan, narrowed 40.3%. Japan is China's fifth largest trading partner, Sino-Japanese trade amounted to 245.68 billion yuan, down 6.7%, accounted for 7.4% of my total foreign trade. Among them, Japan's exports 128.24 billion yuan, down 7.3%; imports from Japan 117.44 billion yuan, down 6.2%; Japan trade surplus of 10.8 billion yuan, narrowed 17.8%. .
Third, the proportion of private enterprises and export promotion. 2 months ago, private enterprises import 1.29 trillion yuan, down 7.3%, 38.8% of our total foreign trade over the same period last year an increase of 2.2 percentage points. Among them, exports 928.24 billion yuan, down 10.2%, accounting for 47.3% of total exports; imports of 357.9 billion yuan,adidas gazelle homme, an increase of 1.2%, accounting for 26.6% of total imports. Over the same period, foreign-invested enterprises import and export 1.5 trillion yuan, down 13.7%, accounting for 45.3% of the total value of my trade. Among them, exports 827.41 billion yuan, down 14.7%, accounting for 42.1% of total exports; imports 671.05 billion yuan, down 12.5%, accounting for 49.8% of total imports.
In addition, state-owned enterprises import and export 513.19 billion yuan, down 21.4%, accounting for 15.5% of my total foreign trade. Among them, exports 207.23 billion yuan, down 18.7%, accounting for 10.6% of total exports; imports 305.96 billion yuan, down 23%, accounting for 22.7% of total imports.
Fourth, the mechanical and electrical products, textiles and clothing and other traditional labor-intensive exports declined. The first two months, China's export of electromechanical products 1.11 trillion yuan,golden goose donna, down 12.2%, accounting for 56.6% of total exports. Among them,new balance 420, exports of electrical and electronic products 487.3 billion yuan, down 7.2%; machinery and equipment 322.52 billion yuan, down 12.6%. Year, garment exports 157.05 billion yuan, down 11.8%; textiles 100.53 billion yuan, down 9.3%; footwear 52.08 billion yuan, down 17.3%; furniture 51.79 billion yuan, down 17.8%; plastic products 34.95 billion yuan, down 11%; Bags 25.63 billion yuan, down 14.7%; toys 12.76 billion yuan, an increase of 3.5%; the seven categories of labor-intensive products in total exports of 434.79 billion yuan,combien coute une paire de louboutin, down 12.4%, accounting for 22.1% of total exports. In addition, exports of 3.83 million tons of fertilizer, reduce 28.8%; 17.85 million tons of steel, 1.3 percent; 90,000 cars, 33.5% decrease.
For five major commodity imports, iron ore, crude oil, refined oil and copper increases, reducing the amount of imported coal and steel,louboutin occasion, the main import commodity prices generally fall. The first two months,louboutin homme pas cher, China imported 155.8 million tons of iron ore, an increase of 6.4%, the average import price 287.2 yuan per ton,hogan rebel ebay, down 33.3 percent; 58.49 million tons of crude oil, an increase of 9.3%,adidas stan smith, average import price of 1654.6 yuan per ton, down 36.7%; 28.77 million tons of coal, 10.2% reduction in the average import price of 311.2 yuan per ton, down 25.1%; 5.3 million tons of refined oil, an increase of 5.5%, average import price of 2236.8 yuan per ton, down 25.4%; primary forms plastic 3.61 million tons, a decrease of 4.7 percent, while imports average price of 10,200 yuan per ton, down 6.4%; steel 1.86 million tons, decreased by 8.4 percent, while imports average price of 6555.7 yuan per ton, down 12%; unwrought copper and copper 860,000 tons, an increase of 23.3%, average import price of 32,500 yuan per ton, down 18.5%.
In addition, imports of machinery and electronic products 646.1 billion yuan, down 8.7%; of which 120,000 cars, 27.6% decrease.
Phoenix Choi know (Micro Signal: icaizhidao) China's most authoritative financial reviews, business news every day, hot spicy rhinoceros reviews!
Beijing Office Solutions (Micro Signal: zhongnanhai1921) track Beijing's top leaders and policy developments, research interpretation of exclusive investment opportunities.
Report (Micro Signal: ifengxbg) Phoenix FINANCE heavy build macroeconomic analysis of reading sections,escarpins louboutin, the most forward-looking, the most authoritative analysis to help you grasp the investment trend.