China's foreign trade situation in the first half 2016

According to customs statistics, in the first half of this year, the total value of import and export trade of goods 11.13 trillion yuan, compared with same period last year (the same below) decreased 3.3%. Among them, the export of 6.4 trillion yuan, down 2.1%; imports of 4.73 trillion yuan, down 4.7%; trade surplus of 1.67 trillion yuan, expanding 5.9%.

June month, the import and export value of 2.04 trillion yuan, down 0.3%. Among this, exports 1.17 trillion yuan, an increase of 1.3%; imports of 863.3 billion yuan, down 2.3%; trade surplus of 311.2 billion yuan, expanding 12.8 percent.

In the first half of this year, China's foreign trade of the main features:

First, import and export rebounded in the second quarter, exports to achieve positive growth, imports decline narrowed. In the first half, China's import and export, export and import values, though still down, but the quarterly situation, have stabilized. its In the first quarter, imports and exports, the value of exports and imports decreased by 6.9%, 5.7% and 8.4%, respectively. In the second quarter, import and export, the export value increased by 0.1% and 1.2%, respectively, showing a positive growth; import values Down 1.2 percent, a decline narrowed by 7.2 percentage points over the first quarter.

Second, the general trade import and export share has improved. In the first half, China's general trade import and export 6.28 trillion yuan, down 1.2%, accounting for 56.4% of total import and export, improve by 1.2 percentage points over last year, trade structure has been optimized.

Third, part of the area all the way along the country's export growth. The first half of our country Pakistan, Russia, Bangladesh, India and Egypt, exports grew 22.5%, 16.6% and 9%, respectively, 7.8% and 4.7%. Over the same period, China's exports to the EU grew by 1.3%, exports to the US fell 4.6%, 2.9% decline in exports to ASEAN, 3 together accounted for 46.4% of our total export.

Fourth, the proportion of exports of private enterprises continue to maintain first place. In the first half, China's private enterprises import and export 4.31 trillion yuan, an increase of 5.1%, 38.7% of our total foreign trade. Among this, exports 2.99 Trillion yuan, up 3.6%, accounting for 46.6% of total exports, more than foreign-invested enterprises and state-owned enterprises to export proportion, continue to maintain the share of exports topped status; imports rose 8.7%, continuing the fourth quarter of last year Growth.

Fifth, mechanical and electrical products, traditional labor-intensive products are still the main export. In the first half, China's export of electromechanical products 3.66 trillion yuan, down 2.5%, accounting for 57.2% of total export. its In medical instruments and equipment exports grew by 4.8%, 2.7% growth in exports batteries, solar battery exports increased by 7.4%. Over the same period, total exports of traditional labor-intensive products 1.34 trillion yuan, an increase of 0.4%, accounting for 21% of total exports. Among them, textiles, clothing, toys and plastic products export growth, some of the traditional products still have a competitive advantage.

Commodity import volumes, six iron ore, crude oil, copper and the like to maintain growth, the main import commodities prices continued low but the decline narrowed compared with the first quarter. In the first half, China imported 494 million tons of iron ore, an increase of 9.1%; crude oil 187 million tons, an increase of 14.2%; coal 108 million tons, an increase of 8.2%; copper 2.74 million tons, an increase of 22%. Over the same period, imports of refined oil 15.47 million tons, down 2%; steel 6.46 million tons, down 2.8%. Over the same period, China's overall import prices decreased by 8%. Among them, the import price of iron ore fell by 15.7%, 31.9% decline in crude oil, refined oil products fell by 21.4%, coal at It fell 20.1%, down 15.7% copper, steel products fell 9.2%, down compared with the first quarter narrowed to varying degrees.

In addition, China's overall export prices in the first half fell 3.2%, whereby estimates, the first half of this year, China's business conditions index was 105.2 price, means that China's exports can be more than a certain number of goods in exchange for 5.2% of imports, indicating that China's trade price conditions continue to improve.