Export Growth Of Foreign Trade Clothing In March

According to customs statistics, in March this year, China's total import and export value was US $162.02 billion, down 20.9% year on year; Among them, exports reached 90.29 billion US dollars, down 17.1% year on year; Imports reached US $71.73 billion, down 25.1% year on year; The trade surplus of the month was US $18.56 billion, up 41.2% year on year. The prominent features of China's foreign trade operation in March are:

　　　 1、 The year-on-year decline of import and export narrowed significantly, showing a substantial increase on a month on month basis

On a year-on-year basis, in March, the total value of China's foreign trade imports and exports, exports and imports decreased by 20.9%, 17.1% and 25.1%, respectively, 6.3, 4 and 9.1 percentage points lower than the year-on-year decline in the first two months of this year.

Calculate the month on month index according to the comparable caliber of the average working day level (the same below), and the total import and export value in March increased by 23.8% month on month; Export grew by 32.8% and import by 14%.

These indicators all show that China's foreign trade began to show obvious signs of improvement in March.

　　　 2、 The export of labor-intensive products increased to varying degrees year on year and month on month

In March, the export of labor-intensive products with strong market competitive advantages in China performed well. Among them, the export of clothing was US $7.43 billion, up 9.9% year on year; Furniture totaled US $2.23 billion, up 1.3%; Footwear: 2.08 billion US dollars, up 7.7%; Cases and bags reached $980 million, up 11.7%. On a month on month basis, clothing exports grew by 72.5%, furniture by 78.1%, footwear by 42.6%, and luggage by 90.7%.

Over the same period, China's exports of mechanical and electrical products reached US $53.76 billion, down 18.8% year on year and up 25.6% month on month. In addition, grain exports reached 280000 tons, down 49.8% year on year and 7.8% month on month; 420000 tons of fertilizer, down 72% year on year and 59.5% month on month; 1.67 million tons of steel, down 59.5% year on year and up 2.2% month on month.

　 3、 The effect of the policy of expanding domestic demand has begun to show, the import value has stabilized and rebounded, and the import price has rebounded

From October to December last year, China's import value decreased significantly by 8.7%, 19.5% and 16.2% month on month respectively. The month on month decrease of import value in January and February of this year was reduced to 3.7% and 5.4% respectively, while the increase in March was 14.1%. In March, China imported 19.37 billion dollars of primary products, down 36.5% year on year, up 21% month on month, accounting for 27% of China's total import value in the same period.

Among them, the import of iron ore was 52.08 million tons, up 46.2% year on year and 6.2% month on month; 16.34 million tons of crude oil, down 5.5% year on year and up 33% month on month; 3.2 million tons of refined oil, up 2.1% year on year and 9.6% month on month; 3.86 million tons of soybeans, up 66.6% year on year and 13% month on month; 5.72 million tons of coal, up 37.4% year on year and 11.9% month on month.

Over the same period, the import of industrial products was 52.35 billion US dollars, down 19.6% year on year and up 18.8% month on month. The import of mechanical and electrical products was 35.78 billion US dollars, down 20.5% year on year and up 13.5% month on month; 23000 cars, down 42.8% year on year and up 7.8% month on month; 1.27 million tons of steel, down 15.3% year on year and up 11.2% month on month.

Overall, in March, China's import prices fell 17.9% year on year, but rose 2.7% month on month. The stable rebound of import prices has played a positive role in stabilizing production expectations and boosting consumer confidence.

　　 4、 The import and export with the top three trading partners in Europe, the United States and Japan increased significantly month on month

In March this year, the total value of China EU bilateral trade was 26.45 billion US dollars, down 19.3% year on year, up 21.2% month on month, accounting for 16.3% of China's total import and export value in the same period. Among them, China's export to the EU was 17.21 billion US dollars, down 20.2% year on year and up 27.8% month on month; Imports from the EU reached 9.24 billion US dollars, down 17.4% year on year and up 10.5% month on month; The trade surplus was 7.97 billion US dollars, 23.3% less than the same period last year.

The total value of bilateral trade between China and the United States was 22.65 billion US dollars, down 12.6% year on year, up 25.8% month on month, accounting for 14.5% of China's total import and export value over the same period. Among them, China's export to the United States was 16.45 billion US dollars, down 12.6% year on year and up 33.3% month on month; Imports from the United States reached US $6.2 billion, down 12.7% year on year and up 9.3% month on month; The trade surplus was US $10.25 billion, 12.5% lower than the same period last year.

The total value of bilateral trade between China and Japan was 17.52 billion US dollars, down 20.5% year on year and up 19.1% month on month. Among them, China's exports to Japan reached US $8.04 billion, down 13.6% year on year and up 36.7% month on month; Imports from Japan reached US $9.48 billion, down 25.5% year on year and up 7.3% month on month; The trade deficit was US $1.44 billion, down 57.9% year on year.

The substantial increase in the month on month ratio of imports and exports between China and its major trading partners shows that China's foreign trade has played an important supporting role in the process of global economic stability in the face of a serious decline in global economic trade.

Editor in charge: Xu Qiyun