Export Growth Of Traditional Labour Intensive Products Such As Textiles And Garments

Beijing, May 9 (Xinhua) customs statistics released yesterday showed that China's import and export value was 7 trillion and 170 billion yuan in 1-4 this year, down 4.4% from the same period last year.

Among them, exports were 4 trillion and 140 billion yuan, down 2.1%, imports 3 trillion and 30 billion yuan, down 7.5%, trade surplus 1 trillion and 110 billion yuan, expansion of 16.5%.

From April, the total value of China's imports and exports was 1 trillion and 950 billion yuan, a slight decrease of 0.3%.

Among them, exports were 1 trillion and 130 billion yuan, an increase of 4.1%; imports of 827 billion 500 million yuan, a decrease of 5.7%; trade surplus of 298 billion yuan, an expansion of 45.8%.

From the perspective of trade mode, China's general trade import and export volume was 4 trillion and 20 billion yuan in the first 4 months, a decrease of 2.9%, accounting for 56.1% of total foreign trade, representing a 0.9 percentage point increase over the same period last year.

China's processing trade imports and exports 2 trillion and 90 billion yuan, down 11.4%, accounting for 29.1% of our total foreign trade, down 2.3 percentage points compared to the same period last year.

From the perspective of trade area, China's growth in imports and exports to the EU has declined to the import and export of us, ASEAN and Japan trade partners.

In the first 4 months, the EU is the largest trading partner of China. The total trade volume between China and Europe is 1 trillion and 100 billion yuan, a slight increase of 0.3%, accounting for 15.3% of the total value of our foreign trade.

China's exports to the EU increased by 1.3%, and exports to the US, ASEAN and Japan fell by 3.5%, 3.5% and 1.5% respectively.

From trade

In view of this, the export of mechanical and electrical products has declined.

Export growth of traditional labor-intensive products.

In the first 4 months, China's mechanical and electrical products exported 2 trillion and 390 billion yuan, down 2.4%, accounting for 57.7% of the total export value.

Over the same period, clothing, textiles, shoes and other 7 categories of labor-intensive products total exports of 855 billion 200 million yuan, an increase of 2.2%, accounting for 20.7% of total exports.

On the import side, the general decline in prices of major imports has affected import growth.

In the first 4 months, China's imports of iron ore, crude oil and copper increased by 6.1%, 11.85 and 23.1% respectively.

Imports of coal, refined oil and steel decreased.

According to the analysis of the General Administration of customs, the import and export of China's foreign trade mainly featured the following 4 months:

1. the proportion of general trade imports and exports has increased; 2., the growth of imports and exports of the European Union has declined to the import and export of trade partners such as the United States, ASEAN and Japan; 3., the growth of import and export of private enterprises; 4. the export of mechanical and electrical products has declined, and the export of traditional labor intensive products such as textile and clothing has increased; 5., the import of iron ore, crude oil and copper and other major commodities increased, and the imports of coal, refined oil and steel decreased, and the prices of major imported commodities generally declined.