Foreign Trade Slowdown In The First Half Of The Year, Structural Improvement

< p > < strong > (1) two quarter < a href= "http:// www.sjfzxm.com/news/index_c.asp" > Import and export < /a > growth rate stabilized > /strong > /p >

Since the beginning of this year, China's import and export volume has dropped from a sharp increase in the same period last year to the first negative growth since 2009. P

This aspect is influenced by the same period cardinal factors, and on the other hand is related to the development stage.

Judging from the statistics of foreign trade (excluding the factor of exchange rate fluctuation, that is, in dollar terms), China's export growth rate dropped by 2.3% in 1-4 months, down 19.8 percentage points compared with the same period last year, and imports grew 1.4%, down 9.3 percentage points compared with the same period last year. If we eliminated the impact of large arbitrage funds flowing through trade channels into China in the last 1-4 months, China's export growth rate was around 7%, and the growth rate of China's exports rose to 7% in 5 and June, which is basically consistent with the growth rate of world economy and international trade.

In the first quarter, China's import and export value decreased by -1%, and the two quarter increased by 3.3%.

In particular, export growth is gradually getting rid of the impact of the same period base. From nominal growth to industrial exports, the delivery value indicators show a stable trend.

< /p >

< p > strong > (2) generally < a href= "http:// www.sjfzxm.com/news/index_c.asp" > trade < /a > continues to dominate. < /strong > /p >

In recent years, the dominant position of China's processing trade has gradually been replaced by general trade, which has the effect of rising labor force, resources and environment, and land cost. At the same time, it is also the result of China's active adjustment of trade structure, continuously increasing the added value of export products and enhancing the competitiveness of enterprises. P

In the first half of this year, general trade imports and exports grew by 5.1%, of which exports increased by 6.2% and imports increased by 4%, much higher than that of the same period of processing trade.

< /p >

< p > the proportion of general trade in the total value of China's foreign trade imports and exports has further increased to 55%, up by 3 percentage points over the same period last year, indicating that China's enterprises' ability of independent development and the level of innovation have been enhanced.

At the same time, the increase of the proportion of general trade is also conducive to stimulating domestic economic growth and promoting domestic employment development.

< /p >

< p > strong > (3) < a href= "http:// www.sjfzxm.com/news/index_c.asp" > western region < /a > foreign trade growth rate ahead of the whole country < /strong > /p >

< p > with the industrial pfer and the "latecomer" effect, China's western region's foreign trade has been showing a rapid growth trend.

In the first half of the year, the export growth rates of Chongqing, Sichuan, Jiangxi, Guangxi and Hunan provinces were 27.1%, 9.4%, 8%, 42% and 24.4%, respectively, which were significantly higher than the total growth rate of the whole country.

The total value of imports and exports in the central and western regions continued to increase steadily.

< /p >

< p > strong > (4) the import volume of major commodities continued to increase, < /strong > /p >

"P > global demand is weak, and international commodity prices are low, providing China with a good opportunity to import strategic petroleum products such as oil, iron ore and grain.

Since the beginning of this year, the import volume of most of our resources and energy products has increased and prices have dropped significantly.

At present, China's import price index is lower than the same period export price index, indicating that China's terms of trade improve.

In the first half of this year, imports of iron ore, crude oil and soybeans increased by 19.1%, 10.2% and 24.4% respectively, but import prices fell by 13.4%, 2.1% and 4.3% respectively.

< /p >

< p > < strong > (5) the growth of service trade is obviously less than /strong > /p >

In the first half of the year P, the total import and export volume of services increased by 15.3% over the same period last year.

Among them, imports and exports both achieved two digit growth, exports increased by 18.2%, and imports increased by 13.6%.

The growth rate of imports and exports of services is 14.1 percentage points higher than that of trade in goods, accounting for 12.3% of the total volume of foreign trade (imports and exports of goods and services), an increase of 1.4 percentage points over the same period last year.

At the same time, exports of high value-added services represented by financial services, film audio-visual, computer and information services, and consultation maintained rapid growth.

< /p >