According to customs statistics, in January 2017, China's total import and export value was 2.18 trillion yuan, an increase of 19.6% over the same period last year (the same below). Among them, exports amounted to 1.27 trillion yuan, an increase of 15.9%; imports amounted to 91.17 billion yuan, an increase of 25.2%; and trade surplus amounted to 35.45 billion yuan, a narrowing of 2.7%. What are the main characteristics of China's foreign trade import and export in January: the proportion of general trade import and export has increased
In January, China's import and export of general trade amounted to 1.25 trillion yuan, an increase of 19.9%, accounting for 57.3% of China's total foreign trade value, an increase of 0.1 percentage points over the same period last year. Among them, exports amounted to 708.48 billion yuan, an increase of 12.7%, accounting for 56% of the total value of exports; imports amounted to 538.77 billion yuan, an increase of 30.8%, accounting for 59.1% of the total value of imports; and the surplus under general trade amounted to 169.71 billion yuan, narrowing by 21.7%. During the same period, China's processing trade imports and exports reached 586.13 billion yuan, an increase of 11.6%, accounting for 26.9% of the total value of foreign trade, down 1.9 percentage points from the same period last year. Among them, 39.082 billion yuan was exported, an increase of 14.6%, accounting for 30.9% of the total export value; 195.31 billion yuan was imported, an increase of 5.9%, accounting for 21.4% of the total import value; and the surplus under processing trade was 195.51 billion yuan, an increase of 24.8%.
In addition, China imports and exports 234.4 billion yuan through special customs supervision, an increase of 33.4%, accounting for 10.8% of the total value of our foreign trade. Among them, exports amounted to 73.77 billion yuan, an increase of 12.1%, accounting for 5.8% of the total value of exports; imports amounted to 160.63 billion yuan, an increase of 46.2%, accounting for 17.6% of the total value of imports.
Import and export growth to European, American, Japanese and ASEAN markets
In January, the EU was China's largest trading partner with a total trade value of 325.56 billion yuan, an increase of 14.1%, accounting for 15% of China's total foreign trade. Among them, I exported 211.64 billion yuan to the EU, an increase of 13.6%; imported 113.92 billion yuan from the EU, an increase of 15.2%; and my trade surplus with Europe was 97.72 billion yuan, an increase of 11.8%. The United States is China's second largest trading partner. The total value of Sino-US trade is 320.07 billion yuan, an increase of 21.9%, accounting for 14.7% of the total value of our foreign trade. Among them, exports to the United States amounted to 233.98 billion yuan, an increase of 17.2%; imports from the United States amounted to 86.09 billion yuan, an increase of 36.7%; and trade surplus with the United States amounted to 147.89 billion yuan, an increase of 8.2%.
In January, ASEAN was China's third largest trading partner. Its total trade value with ASEAN was 266.84 billion yuan, an increase of 18.8%, accounting for 12.3% of our total foreign trade value. Among them, exports to ASEAN amounted to 154.64 billion yuan, an increase of 13.7%; imports from ASEAN amounted to 112.2 billion yuan, an increase of 26.6%; trade surplus with ASEAN amounted to 42.44 billion yuan, narrowing by 10.4%. Japan is China's fourth largest trading partner. The total value of Sino-Japanese trade is 155.03 billion yuan, an increase of 18.4%, accounting for 7.1% of the total value of our foreign trade. Among them, exports to Japan amounted to 84.93 billion yuan, an increase of 18%; imports from Japan amounted to 70.1 billion yuan, an increase of 18.8%; trade surplus with Japan amounted to 14.83 billion yuan, an increase of 14.4%.
The proportion of imports and exports of private enterprises has increased.
Foreign-invested enterprises and state-owned enterprises have increased both in import and export
In January, private enterprises imported and exported 86.74 billion yuan, an increase of 21.3%, accounting for 39.6% of our total foreign trade value, up 0.6 percentage points from the same period last year. Among them, exports amounted to 612.38 billion yuan, an increase of 18.9%, accounting for 48.4% of the total value of exports; imports amounted to 249.36 billion yuan, an increase of 27.9%, accounting for 27.4% of the total value of imports. Over the same period, foreign-funded enterprises imported and exported 915.57 billion yuan, an increase of 13%, accounting for 42.1% of the total value of our foreign trade. Among them, exports increased by 11.8% to 51.12 billion yuan, accounting for 40.4% of the total value of exports; imports increased by 14.5% to 40.43 billion yuan, accounting for 44.4% of the total value of imports.
In addition, the import and export of state-owned enterprises amounted to 392.85 billion yuan, an increase of 36.7%, accounting for 18% of the total value of our foreign trade. Among them, exports increased by 19.1% to 14.11 billion yuan, accounting for 11.1% of the total value of exports; imports increased by 48.9% to 25.74 billion yuan, accounting for 27.6% of the total value of imports.
Mechanical and electrical products, textile and apparel, etc.
Export Growth of Traditional Labor-intensive Products
In January, China's exports of mechanical and electrical products reached 709.57 billion yuan, an increase of 16.6%, accounting for 56.1% of the total value of exports. Among them, the export of electrical and electronic products was 302.87 billion yuan, an increase of 12.5%, and that of machinery and equipment was 1978.9 billion yuan, an increase of 14.4%. Over the same period, garment exports increased by 99.27 billion yuan, an increase of 95%, textiles by 66.41 billion yuan, an increase of 11.2%, shoes by 35.79 billion yuan, an increase of 16.8%, furniture by 32.45 billion yuan, plastic products by 23.36 billion yuan, an increase of 20.5%, bags by 17.49 billion yuan, an increase of 22.1%, toys by 12.11 billion yuan, an increase of 53.4%. The total export of the seven categories of labor-intensive products increased by 28.68 billion yuan, accounting for 13% of the total export value. 22.7%. In addition, the export of fertilizer was 1.21 million tons, down 51.3%; steel was 7.42 million tons, down 23.2%; automobiles were 70,000, up 65.7%.
Iron ore, crude oil, coal, etc.
Prices and volumes of imports of major commodities have risen simultaneously.
In January, China imported 92 million tons of iron ore, an increase of 12%, with an average import price of 524.9 yuan per ton, an increase of 81.3%; crude oil 34.03 million tons, an increase of 27.5%, import average price of 2644.4 yuan per ton, an increase of 46.7%; coal 24.91 million tons, an increase of 64.4%, import average price of 650 yuan per ton, an increase of 1.1 times; refined oil 2.6 million tons, a decrease of 2.2%, import average price of 3284.7 yuan per ton, an increase of 48.3%; The average import price of plastics was 112,000 yuan per ton, up 9.9%; steel was 1.09 million tons, up 17.7%; import average price was 68,536 yuan per ton, up 0.8%; Unforged copper and copper were 380,000 tons, down 12.7%; import average price was 426,000 yuan per ton, up 30.5%.
In addition, the import of mechanical and electrical products amounted to 388.41 billion yuan, an increase of 12.9%, including 80,000 cars, an increase of 29.1%.
Leading Export Index of Foreign Trade Rises
In January, the leading index of China's foreign trade exports was 39, up 1.6 from December last year. It is preliminary judged that China's export pressure is expected to ease in the early second quarter of 2017. Among them, according to the data of online questionnaire survey, the index of export managers in China was 41.5, up 2.1 from last month; the index of new export orders and the index of managers'confidence rose 2, 3.7 to 43.9 and 47.2, respectively, while the index of comprehensive cost of export enterprises dropped 1.1 to 22.8.
