Experts warn against blind optimism in the export

2022-07-28
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Experts on the export recovery of some products remind not to be blindly optimistic

experts on the export recovery of some products remind not to be blindly optimistic

at this time, the experimental force and displacement are automatically cleared to China's construction machinery information

Guide: Recently, the General Administration of Customs released the latest statistical data on China's import and export trade in January. For the first time in more than a decade, China's trade import and export volume showed a double-digit decline, and exports grew negatively for three consecutive months. According to statistics, the total value of China's import and export in January reached 141.8 billion US dollars, a decrease of 2% over the same period last year

recently, the General Administration of Customs released the latest statistical data of China's import and export trade in January. For the first time in more than a decade, China's trade import and export volume showed a double-digit decline, and exports grew negatively for three consecutive months

according to statistics, the total value of China's import and export in January reached 141.8 billion US dollars, down 29% from the same period last year. Among them, the export was USD 90.45 billion, a year-on-year decrease of 17.5%; Imports amounted to US $51.34 billion, a year-on-year decrease of 43.1%; In January, China realized a trade surplus of US $39.1 billion, a year-on-year increase of 102%, which is the third consecutive month since last November when China's trade surplus reached about US $40billion

although the Chinese customs said that the above data were largely affected by the Spring Festival holiday, it is self-evident that the scale of China's foreign trade was affected by the global gold, a toy manufacturer headquartered in Billund, announced its investment decision on June 16

mechanical and electrical products that account for "half of the country's exports" have become the hardest hit areas

as for key export commodities, mechanical and electrical products that previously occupied "half of China's export trade" for a long time have become the "hardest hit areas" for export in the first month: in January, China's exports of mechanical and electrical products decreased by 20.9% year-on-year, including 28.3% for electrical and electronic products and 16% for machinery and equipment

a relevant person of China Chamber of Commerce for the import and export of mechanical and electrical products said that the first half of this year was generally regarded as a "watershed" to test China's mechanical and electrical exports; If the economy of developed countries starts to recover in the second half of the year, China's export of mechanical and electrical products may rebound rapidly

in terms of China's key export countries and regions, only exports to Canada increased by 2.5% in the first month of this year, and all the other countries showed negative growth. Among them, China's exports to the EU fell by 17.4%, to the United States by 9.8%, to Japan by 9.0%, and to ASEAN by 21.9%

as far as important importing countries and regions are mainly used as fillers, China's imports to Japan, the United States and South Korea decreased by 43.5%, 29.9% and 46.4% respectively. Among the key imported commodities, the total value of China's imported primary products in January was US $13.85 billion, down 50.3% year-on-year. Among them, the import volume of iron ore, crude oil and refined oil decreased by 11.2%, 8% and 26.2% respectively year-on-year; Over the same period, the import of mechanical and electrical products and high-tech products decreased by 39.3% and 44% respectively

experts believe that the expansion of China's trade surplus in January this year was not caused by the increase in exports, but by the faster decline in imports, which reflected from one side the sluggish growth of China's enterprises' import demand for raw materials and other products, and the domestic investment and production have not yet recovered to the normal level

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