Products

dope dyed colors polyester yarn 120D/2 fdy yarn

Import and export data in March improve foreign trade return to surplus

On April 14, Li Kuiwen, a spokesman for the General Administration of customs and director of the statistics and analysis department, said at a press conference held by the Information Office of the State Council that according to customs statistics, the total value of China's import and export of goods in the first quarter was 6.57 trillion yuan, down 6.4% from the same period last year. Among them, the export was 3.33 trillion yuan, down 11.4%; the import was 3.24 trillion yuan, down 0.7%; and the trade surplus was 98.33 billion yuan, down 80.6%.

"In the first quarter, although China's import and export declined by 6.4%, the decline in March was significantly narrowed by 3.1 percentage points compared with the previous two months, and foreign trade import and export recovered." In March, China's foreign trade import and export reached 2.45 trillion yuan, down 0.8% year on year, Li said. From the perspective of ten days, the import and export in the middle and last ten days of March have achieved positive growth. Among them, the decline in exports narrowed to 3.5% in March, while imports increased by 2.4%. The trade balance has also shifted from a deficit in the first two months to a surplus.

In this regard, Mingming, chief fixed income analyst of CITIC Securities, told Securities Daily that there are two reasons for the higher than expected export growth in March: first, due to the impact of shutdown and shutdown during the Spring Festival, some export enterprises have overstocked orders and failed to deliver them in time (the latest export delivery value in February increased by - 19.1% year-on-year), and in March, with the introduction of a number of stable exports by the state Trade measures, export enterprises gradually return to work and production, early orders have been delivered. Second, the export of medical materials and other epidemic related goods supported the export level, such as 5.25 billion yuan of medical materials and drugs in the first quarter, an increase of 6.3%. At the same time, the change of RMB exchange rate in March has a certain role in promoting exports.

In addition, Li Kuiwen also said that in March, China needs to promote import performance. With the gradual recovery of domestic industrial production and residents' life, China's strong domestic market potential is gradually released. In the first quarter, China's import value fell by 0.7%, of which the import in March increased by 2.4%. In particular, driven by the increase in imports of meat and sugar, the import of consumer goods increased by 13% in the first quarter, while the import value of raw materials for production, such as coal, crude oil, metal ore and integrated circuit increased by 23.8%, 8.3%, 6.8% and 13.1% respectively. China's strong domestic market contributes to the creation of global aggregate demand.

But novel coronavirus pneumonia is still spreading and has a serious impact on the world economic development. Recently, the International Monetary Fund recently predicted a recession in the global economy this year, and the world trade organization also predicted a large decline in Global trade in goods this year. The shrinking demand in the international market will inevitably have an impact on China's foreign trade exports. The problems such as the reduction of new orders for foreign trade are gradually emerging, and the difficulties faced by China's foreign trade development cannot be underestimated. " Li Kuiwen said.

As for novel coronavirus pneumonia, the new international market has been increasing. The new financial crisis has prompted China to further promote the opening up to the outside world. This is an opportunity to upgrade the service level and optimize the business environment, especially in the current new formats and new modes. Now, foreign trade enterprises are also facing new vitality. For this reason, foreign trade enterprises should take the initiative to seek change, actively expand new areas, and usher in new development through difficulties. For example, "cloud model" should be adopted to enhance exchanges and order signing with other countries, so as to promote the stable development of foreign trade.

"The foreign trade situation in the later period is still challenging. Take PMI as an example. Although manufacturing PMI achieved 52% in March and returned to the expansion range, China's manufacturing new export orders in March were 46.4%, significantly lower than the overall level. In the case of declining global aggregate demand, it is necessary to further play a role in stabilizing foreign trade policies, and more detailed policy guidance and directional differentiation can be carried out, such as the distinction for trade counterparty risk, the distinction for foreign trade industry and the distinction for key enterprises. "

"In addition, controlling the epidemic situation is a necessary condition for stabilizing foreign trade. It can be seen that China's epidemic situation has been effectively controlled as a whole, which will also provide favorable conditions for trade and commodity exchanges. One belt, one road, one can be used to simplify the customs clearance process, strengthen mutual recognition of quarantine certificates among countries, reduce the cost of customs clearance and raise the level of export tax rebates, continue to promote the cooperation of foreign trade along the road, and also help enterprises to ease the pressure of cash flow from the loan policy.