A good start! In the first quarter, my country’s imports and exports were 8.47 trillion RMB, and the trade surplus expanded nearly 7 times!
In the first quarter, my country's imports and exports achieved a good start.
On April 13, statistics released by the General Administration of Customs showed that in the first quarter, the total value of my country's imports and exports of goods trade was 8.47 trillion RMB, an increase of 29.2% over the same period last year.
Among them, exports were 4.61 trillion RMB, an increase of 38.7%; imports were 3.86 trillion RMB, an increase of 19.3%; the trade surplus was 759.29 billion RMB, an increase of 690.6%.
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In the first quarter, ASEAN, the European Union, the United States and Japan were my country’s top four trading partners, with imports and exports of 1.24 trillion RMB, 1.19 trillion RMB, 1.08 trillion RMB and 561.42 billion RMB respectively, up 26.1%, 36.4%, and 61.3% respectively. And 20.8%. In addition, my country's imports and exports to countries along the “Belt and Road” and RCEP trading partners increased by 21.4% and 22.9% respectively.
A good start! In the first quarter, my country’s imports and exports were 8.47 trillion RMB, and the trade surplus expanded nearly 7 times! A good start! In the first quarter, my country’s imports and exports were 8.47 trillion RMB, and the trade surplus expanded nearly 7 times!
Exports continued to improve in the first quarter. Li Kuiwen, a spokesperson for the General Administration of Customs and Director of the Statistics and Analysis Department, believes that my country’s foreign trade continued to maintain a momentum of continuous improvement since the second half of last year in the first quarter of this year. It is the result of the combined effect of many factors.
Specifically, there are several aspects: First, the recovery of global economic and trade growth is conducive to the growth of my country's foreign trade; second, the sustained and stable recovery of my country's economy has also promoted the development of foreign trade; third, the rapid rise in commodity prices has also boosted import growth.
In response to how to deal with the phenomenon of "difficult to find a box" that has been going on for some time, Li Kuiwen revealed that the General Administration of Customs will closely monitor the latest changes in the international transportation market with relevant departments, and will continue to optimize the port business environment with relevant departments to promote the healthy development of foreign trade. .
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What are the characteristics of imports and exports in the first quarter?
Li Kuiwen introduced that from the perspective of the specific composition of exports, the proportion of exports of mechanical and electrical products exceeded 60%. In the first quarter, my country exported 2.78 trillion RMB of mechanical and electrical products, an increase of 43% year-on-year (the same below), accounting for 60.3% of the total export value, an increase of 1.7% over the same period last year; among them, the export of automatic data processing equipment and its parts and components, mobile phones , Automobiles increased by 54.5%, 38.5%, and 98.9% respectively. During the same period, the export of epidemic prevention materials continued to grow, and the export of textiles, including masks, increased by 30.6%.
From the perspective of the specific composition of imports, the import volume of major commodities has increased. In the first quarter, my country imported 283 million tons of iron ore, an increase of 8%; crude oil was 139 million tons, an increase of 9.5%; and natural gas was 29.388 million tons, an increase of 19.6%. In the same period, imported soybeans were 21.178 million tons, an increase of 19%; corn was 6.727 million tons, an increase of 437.8%; wheat was 2.925 million tons, an increase of 131.2%.
From the perspective of trading partners, my country's imports and exports with major trading partners have maintained growth. In the first quarter, ASEAN, the European Union, the United States and Japan were my country’s top four trading partners, with imports and exports of 1.24 trillion RMB, 1.19 trillion RMB, 1.08 trillion RMB and 561.42 billion RMB respectively, up 26.1%, 36.4%, and 61.3% respectively. And 20.8%. In addition, my country's imports and exports to countries along the “Belt and Road” and RCEP trading partners increased by 21.4% and 22.9% respectively.
Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce, said that the better performance of foreign trade in the first quarter was the result of multiple factors. On the one hand, there are signs of recovery in the European and American economies, and opportunities for spillovers in related markets have increased. On the other hand, my country's foreign trade stabilization policies and measures have been put in place, and the competitiveness of foreign trade companies has further increased. In addition, China's complete supply chain system timely replenishment and low base are all important reasons.
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