Home / Knowledge / News / Import & export trade continues to improve
Import & export trade continues to improve
13
Aug '09
From January to July this year, China's foreign trade of imports and exports realized US $1146.71 billion in total, down 22.7 percent from the same period last year.

Of which, exports stood at $627.1 billion, down 22 percent and imports touched $519.61 billion, down 23.6 percent, realizing an accumulated trade surplus of $107.49 billion, also down 12.4 percent.

Customs statistics reveal that total value of China's foreign trade for imports and exports reached US $200.21 billion in the month of July, down 19.4 percent year-on-year, but up 9.6 percent from the previous month.

Of this, export value exceeded $100 billion for the first time in this year to $105.42 billion, down 23 percent year-on-year, but up 10.4 percent from the previous month; imports registered $94.79 billion, down 14.9 percent year-on-year, but up 8.7 percent from the previous month.

This shows that China's foreign trade has established a trend of picking up on a month to month basis as it has begun to rebound since five consecutive months since March, after continued decline for five months starting from last October.

Among major trading partners, the European Union continued to be China's largest trading partner. In the first seven months, China-EU bilateral trade value reached $192.73 billion, down 20.7 percent year-on-year.

Over the same period, the United States was China's second largest trading partner; Sino-US bilateral trade value scored $158.68 billion, down 16.1 percent year-on-year. Japan was China's third largest trading partner, as of the end of July this year, bilateral trade between China and Japan realized $119.9 billion, down 22.6 percent.

In addition, in the first 7 months this year, China's import and export value with ASEAN achieved $107.43 billion, down 22.4 percent year-on-year; import and export trade between the Mainland and Hong Kong fetched $88.68 billion, down 23.6 percent.

China's import and export trade with India came to $23.39 billion, down 30.2 percent. Among the top 10 largest trading partners, decline in China's imports and exports with Australia were the smallest at 8.6 percent, of which, imports fell only 5.2 percent.

On export side, exports of labor-intensive products saw a single-digit decline. According to customs statistics, from January to July, exports of clothing and accessories marked $56.93 billion, down 9.1 percent year-on-year.

Exports of footwear stood at $15.71 billion, down 5.2 percent year-on-year; furniture exports indicated $13.75 billion, down 9.8 percent year-on-year; exports of plastic products completed $7.82 billion, down 7 percent.

Over the same period, China's exports of machinery and electronic products scored US $367.71 billion, down 20.8 percent year-on-year.

On import side, iron ore imports recorded 360 million tons, an increase of 31.8 percent; crude oil imports registered 110 million tons, an increase of 5.8 percent; soybean imports marked 26.48 million tons, an increase of 27.7 percent.

Plastics in primary forms touched 13.83 million tons, an increase of 26.6 percent; imports of non-forged copper and copper were 2,643,000 tons, an increase of 75 percent.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X