China's exports fell 6.1% in August, imports fell 14.3%

Abstract The General Administration of Customs announced today the import and export of China's foreign trade in the first eight months of this year. According to customs statistics, in the first eight months of this year, China’s total import and export value was 15.67 trillion yuan, down 7.7% from the same period last year. Among them, exports 8.95 trillion yuan, down 1...
The General Administration of Customs today announced the import and export of China's foreign trade in the first eight months of this year. According to customs statistics, in the first eight months of this year, China’s total import and export value was 15.67 trillion yuan, down 7.7% from the same period last year. Among them, exports were 8.95 trillion yuan, down 1.6%; imports were 6.72 trillion yuan, down 14.6%; trade surplus was 2.23 trillion yuan, an increase of 80.8%.
In August, China’s total import and export value was 2.04 trillion yuan, down 9.7%. Among them, exports were 1.2 trillion yuan, down 6.1%; imports were 836.1 billion yuan, down 14.3%; trade surplus was 368.03 billion yuan, up 20.1% (below).
China's foreign trade chart
In the first 8 months, China's foreign trade import and export mainly showed the following characteristics:
1. The growth of general trade exports has increased the proportion of imports and exports. In the first eight months, China's general trade import and export was 8.63 trillion yuan, down 7.3%, accounting for 55.1% of China's total foreign trade, an increase of 0.2 percentage points over the same period last year. Of which, exports were 4.87 trillion yuan, up 2.6%, accounting for 54.4% of total exports; imports were 3.76 trillion yuan, down 17.6%, accounting for 56.1% of total imports; and trade surplus was 1.11 trillion yuan, compared with the same period last year. It is 176.99 billion yuan.
In the same period, China's import and export of processing trade was 4.85 trillion yuan, down 9.3%, accounting for 30.9% of China's total foreign trade, down 0.5 percentage points over the same period last year. Of which, exports were 3.1 trillion yuan, down 8.5%, accounting for 34.5% of total exports; imports were 1.75 trillion yuan, down 10.7%, accounting for 26.1% of total imports; processing trade was down 1.35 trillion yuan, narrowing 5.4 %. In addition, China's import and export by special customs supervision method was 1.68 trillion yuan, down 8.7%, accounting for 10.7% of China's total foreign trade. Among them, exports were 607.79 billion yuan, down 6.2%, accounting for 6.8% of total exports; imports were 1.07 trillion yuan, down 10.1%, accounting for 16% of total imports.

Second, exports to the United States and ASEAN maintained growth, and exports to the EU and Japan declined. In the first 8 months, the EU was China's largest trading partner. The total value of Sino-European trade was 2.27 trillion yuan, down 8.4%, accounting for 14.5% of China's total foreign trade. Among them, I exported 1.41 trillion yuan to the EU, down 4.9%; imported 859.87 billion yuan from the EU, down 13.7%; trade surplus with Europe was 552.15 billion yuan, an increase of 13.1%. The United States is China's second largest trading partner. The total trade value between China and the United States is 2.22 trillion yuan, an increase of 2%, accounting for 14.1% of China's total foreign trade. Among them, I exported 1.62 trillion yuan to the United States, an increase of 5.9%; from the United States, 596.78 billion yuan, down 7.4%; the trade surplus with the United States was 1.02 trillion yuan, an increase of 15.6%.
In the first 8 months, ASEAN was China's third largest trading partner. The total trade value with ASEAN was 1.86 trillion yuan, an increase of 0.4%, accounting for 11.8% of China's total foreign trade. Among them, I exported 1.1 trillion yuan to ASEAN, an increase of 6.1%; imports from ASEAN reached 750.67 billion yuan, down 6.9%; trade surplus with ASEAN was 35.501 billion yuan, an increase of 50.7%. Japan is China's fifth largest trading partner. The total value of Sino-Japanese trade is 1.11 trillion yuan, down 11.1%, accounting for 7.1% of China's total foreign trade. Among them, exports to Japan were 538.31 billion yuan, down 10.5%; imports from Japan were 575.75 billion yuan, down 11.6%; trade deficit with Japan was 37.44 billion yuan, narrowing by 24.9%.
In the first eight months, the total value of domestic trade was 1.24 trillion yuan, down 9.4%, accounting for 7.9% of the total foreign trade in the Mainland. Among them, exports to Hong Kong were 1.2 trillion yuan, down 9.4%; imports from Hong Kong were 40.74 billion yuan, down 9.6%; trade surplus against Hong Kong was 1.16 trillion yuan, narrowing 9.4% (Table 1).
Table 1 I am the import and export value table of major trading partners in the first 8 months of 2015
Third, the proportion of private enterprises import and export increased, and exports increased. In the first eight months, the import and export of private enterprises was 5.71 trillion yuan, a decrease of 2%, accounting for 36.4% of the total value of foreign trade, an increase of 2.1 percentage points over the same period last year. Among them, exports were 4.02 trillion yuan, up 3.4%, accounting for 44.9% of total exports; imports were 1.69 trillion yuan, down 12.9%, accounting for 25.2% of total imports. In the same period, foreign-invested enterprises imported and exported 7.3 trillion yuan, down 6.1%, accounting for 46.6% of my total foreign trade. Among them, exports were 3.96 trillion yuan, down 5.3%, accounting for 44.2% of total exports; imports were 3.34 trillion yuan, down 7.1%, accounting for 49.7% of total imports.
In addition, the import and export of state-owned enterprises was 2.66 trillion yuan, down 13.6%, accounting for 17% of my total foreign trade. Among them, exports were 975.35 billion yuan, down 5.1%, accounting for 10.9% of total exports; imports were 1.68 trillion yuan, down 17.9%, accounting for 25.1% of total imports.

4. Imports and exports of major provinces and cities such as Guangdong and Jiangsu are not volatile, and exports from Guangdong, Zhejiang and Henan are growing. In the first eight months, Guangdong's total import and export value continued to rank first in the country, at 3.94 trillion yuan, down 1.9%, accounting for 25.1% of the total value of imports and exports. In the same period, the total import and export value of Jiangsu, Shanghai and Zhejiang was 2.2 trillion, 1.79 trillion and 1.39 trillion yuan, down by 4.7%, 3.6% and 3.2% respectively. In addition, the total value of imports and exports of Beijing (including the central government in Beijing) was 1.3 trillion yuan, down 23.9%; Shandong was 949.83 billion yuan, down 16.5%; Fujian was 690.94 billion yuan, down 2.2%. The total import and export value of the above seven provinces and cities accounted for 78.2% of the total value of China's imports and exports, an increase of 0.7 percentage points over the same period last year.
In terms of exports, Guangdong exported 2.47 trillion yuan in the first eight months, an increase of 2.9%. Jiangsu exports 1.35 trillion yuan, down 2.9%; Zhejiang 1.1 trillion yuan, up 0.4%; Shanghai 779.28 billion yuan, down 6.9%; Shandong 553.92 billion yuan, down 2.9%; Fujian 459.26 billion yuan, up 1.6%; Beijing 2070.8 100 million yuan, down 17.3%. In the same period, Henan exports increased by 15%.

5. The export of mechanical and electrical products has increased, and traditional labor-intensive products have declined. In the first eight months, China's exports of mechanical and electrical products reached 5.11 trillion yuan, an increase of 0.7%, accounting for 57% of the total value of exports. Among them, the export of electrical and electronic products was 2.24 trillion yuan, an increase of 4.1%; the mechanical equipment was 1.47 trillion yuan, a decrease of 7.3%. In the same period, clothing exports were 687.69 billion yuan, down 6.7%; textiles 442.08 billion yuan, down 1.8%; footwear 222.26 billion yuan, down 3.4%; furniture 212.72 billion yuan, up 5.1%; plastic products 149.64 billion yuan, up 1.8%; The luggage was 11.42 billion yuan, up 5.9%; the toy was 58.27 billion yuan, up 11.1%; the total exports of the above 7 categories of labor-intensive products were 1.89 trillion yuan, down 2.1%, accounting for 21.1% of the total export value. In addition, the export of fertilizers was 22.261 million tons, an increase of 41.2%; the steel was 71.86 million tons, an increase of 26.5%; the automobile was 502,000, a decrease of 14.1% (Table 2).
Table 2 Statistics of China's major export commodities in the first eight months of 2015
6. Imports of major commodities such as crude oil, grain and refined oil increased, and prices of major imported commodities generally fell. In the first 8 months, China imported 613 million tons of iron ore, a slight decrease of 0.2%. The average import price was 385.7 yuan per ton, down 43%; crude oil was 221 million tons, an increase of 9.8%, and the average import price was 2626.7 yuan per ton. It fell 45.3%; coal was 139 million tons, a decrease of 31.3%, the average import price was 382.4 yuan per ton, down 20.5%; refined oil was 20.486 million tons, an increase of 4.1%, and the average import price was 3073.4 yuan per ton, down 38.1%; The shape of plastic is 17.358 million tons, an increase of 2%, the average import price is 10.8 million yuan per ton, down 13.5%; steel 8.722 million tons, a decrease of 9.6%, the average import price is 7082.3 yuan per ton, down 7.6%; unwrought Copper and copper materials were 2.94 million tons, a decrease of 8.1%, and the average import price was 39,200 yuan per ton, down 14.1%.
In addition, imported food 83.5 million tons, an increase of 24.4%; of which 52.393 million tons of soybeans, an increase of 9.8%, the average import price of 2697 yuan per ton, down 25.4%. Imports of mechanical and electrical products were 3.17 trillion yuan, down 5.5%; among them, 709,000 vehicles were reduced by 25.6% (Table 3).
Table 3 Statistics of China's major imported commodities in the first eight months of 2015

7. China's foreign trade export leading index continued to decline. In August, China’s foreign trade export leading index was 34, down 0.1 in July, and fell for 6 consecutive months, indicating that China’s export pressure is still relatively large in the fourth quarter of this year. Among them, according to the online questionnaire data, the export manager index of China was 34, down 2.6 from the previous month; the new export order index and export manager confidence index fell by 2.5, 4.5 to 33.3, 37.8, respectively. The index rose by 0.7 to 28.4.

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