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General Customs Administration: China's foreign trade import and export continued to grow in 2017

Beijing, January, 12, Huang Songping, a spokesman for the Customs General Administration, introduced the import and export situation in 2017 on the morning of 12. Huang Songping said that in 2017, the world economy was recovering moderately, and the domestic economy was improving steadily, so as to promote the continuous growth of China's foreign trade and import and export throughout the year.
 
According to customs statistics, in 2017, the total value of imports and exports of China's goods trade was 27 trillion and 790 billion yuan, an increase of 14.2% over 2016, reversing the previous two consecutive years of decline. Among them, exports were 15 trillion and 330 billion yuan, up 10.8%, imports 12 trillion and 460 billion yuan, an increase of 18.7%, trade surplus of 2 trillion and 870 billion yuan, and narrowing 14.2%. The specific situation has the following aspects:
 
First, the import and export value rose by season, and the growth rate slowed down. In 2017, China's import and export value increased by 6 trillion and 170 billion yuan, 6 trillion and 910 billion yuan, 7 trillion and 170 billion yuan and 7 trillion and 540 billion yuan, respectively, increasing by 21.3%, 17.2%, 11.9% and 8.6% respectively.
 
Two, the import and export of general trade is growing rapidly, and the proportion is rising. In 2017, China's general trade import and export 15 trillion and 660 billion yuan, an increase of 16.8%, accounting for 56.4% of China's total import and export value, 1.3 percentage points higher than that of 2016, and the structure of trade mode has been optimized.
 
Three of the top three trading partners of import and export growth, and part of the "The Belt and Road along the country's import and export growth is good. In 2017, China's imports and exports to the European unio, the United States and the ASEAN increased by 15.5%, 15.2% and 16.6% respectively, and the total of the 3 accounted for 41.8% of the total import and export of our country. In the same period, China's imports and exports to Russia, Poland and Kazakhstan were increased by 23.9%, 23.4% and 40.7% respectively, all higher than the overall growth rate.

Four, the increase in the import and export of private enterprises and the increase in proportion. In 2017, the import and export of private enterprises in China was 10 trillion and 700 billion yuan, up 15.3%, accounting for 38.5% of China's import and export value, and 0.4 percentage points higher than in 2016. Among them, exports 7 trillion and 130 billion yuan, an increase of 12.3%, accounting for 46.5% of total exports, exports continue to maintain top position, enhance the proportion of 0.6 percentage points; imports 3 trillion and 570 billion yuan, up 22%.
 
Five, the import and export growth of the Midwest and northeast provinces is higher than that of the whole country. In 2017, 12 provinces in Western China foreign trade growth rate of 23.4%, higher than the national growth rate of 9.2 percentage points; the 6 central provinces foreign trade growth rate of 18.4%, higher than the national growth rate of 4.2 percentage points in the northeast of China; foreign trade growth rate of 15.6%, higher than the national growth rate of 1.4 percentage points; 10 provinces in East China foreign trade growth rate of 13%. The coordination of regional development was enhanced.
 
Six, mechanical and electrical products and traditional labor intensive products are still the main force of export. In 2017, the export of mechanical and electrical products in China was 8 trillion and 950 billion yuan, up 12.1%, accounting for 58.4% of China's export value. Among them, the export of cars increased by 27.2%, the export of computers increased by 16.6%, and the export of mobile phones increased by 11.3%. In the same period, the total output of traditional labor intensive products was 3 trillion and 80 billion yuan, up 6.9%, accounting for 20.1% of the total export value.
 
Seven, the import and export prices of iron ore, crude oil and soybeans are rising. In 2017, China imported 10.75 million tons of iron ore, an increase of 5%, 4.2 million tons of crude oil, an increase of 10.1%, 95 million 540 thousand tons of soybeans, an increase of 13.9%, 68 million 570 thousand tons of natural gas, 26.9% increase, 29 million 640 thousand tons of refined oil, an increase of 6.4%. In addition, 4 million 690 thousand tons of imported copper, reduced by 5.2%. In the same period, the import price of our country rose by 9.4%. Among them, the average price of iron ore imports rose 28.6%, crude oil rose 29.6%, soya bean rose 5%, natural gas rose 13.9%, refined oil rose 25.3%, copper rose 28%.
 
In eight and December, China's export guide index fell down. In December 2017, China's export guide index was 41.1, down 0.7 from last month, indicating that China's export was still under certain pressure in the first quarter of 2018. Among them, according to the network survey data show that the month, China's export managers index was 44.2, down 0.6 from the previous month; the new export orders index and export managers confidence index fell respectively 0.4, 1.2 and 48.3, 50, the comprehensive index of the cost of export enterprises rose 0.4 to 20.5.
 
Huang Songping pointed out that, in general, in 2017, China's foreign trade to consolidate the foundation of stability, development potential is gradually released. Under the background of sustained and mild global economic recovery and steady economic growth, China's foreign trade overall situation is better this year. However, there are still some uncertainties and unstable factors in the field of international economic and trade. Foreign trade's high quality development faces some challenges.
 
Source: China news network, Rong Qian international freight

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