China's crude oil import price fell 372 in the fir

2022-08-11
  • Detail

In the first quarter, China's crude oil import price fell by 37.2%

data released by the General Administration of Customs on April 13 showed that in the first quarter of this year, China's total import and export value of goods trade was 5.2 trillion yuan, a decrease of 5.9% over the same period last year (the same below). Among them, the export was 3 trillion yuan, a decrease of 4.2% at the end of 2018 compared with the end of 2017; Imports were 2.2 trillion yuan, down 8.2 percent; The trade surplus was 810.2 billion yuan, an increase of 8.5%

in March, China's total import and export value was 1.91 trillion yuan, an increase of 8.6%. Among them, the export was 1.05 trillion yuan, an increase of 18.7%; Imports were 855.5 billion yuan, down 1.7 percent; The trade surplus was 194.6 billion yuan, up from 14.6 billion yuan in the same period last year

in the first quarter of this year, the main characteristics of China's foreign trade import and export:

first, the overall import and export continued the year-on-year downward trend, and the export showed a month by month stabilization trend after being adjusted by the seasonal adjustment method. In the first quarter, China's imports and exports, exports and import values continued to decline year-on-year. From the perspective of the situation of each month, the import and export of January, February and March decreased by 6.7%, 2.9% and 3.3% year-on-year respectively after the adjustment of the seasonal adjustment method to eliminate the factors of the long Spring Festival holiday; Among them, exports stabilized month by month year-on-year, falling by 4.2%, 0.8% and 0.9% respectively, and imports fell by 10.3%, 5.5% and 8% year-on-year respectively

second, the import and export proportion of general trade has increased. In the first quarter, China's general trade import and export was 2.91 trillion yuan, down 4.9%, accounting for 55.9% of China's total import and export value in the same period, an increase of 0.6 percentage points over the same period last year, and the structure of trade mode was optimized

III. export growth to some countries along the the Belt and Road. In the first quarter, China's exports to Pakistan, Bangladesh, Egypt, India and Russia increased by 26.4%, 16.6%, 6.3%, 6.1% and 6.2% respectively. In the same period, China's exports to the EU fell by 1.4%, to the United States by 3.4%, and to ASEAN by 8.5%, accounting for 46.7% of China's total exports in the same period

IV. The proportion of exports of private enterprises continues to maintain the first place. In the first quarter, the import and export of China's private enterprises reached 2trillion yuan, an increase of 3.6%, and the demand did not improve significantly, accounting for 38.2% of China's total foreign trade value. Among them, the export was 1.39 trillion yuan, an increase of 2.4%, accounting for 46.1% of the total export value, which exceeded the export proportion of foreign-invested enterprises and state-owned enterprises, and continued to maintain the leading position of export share; Imports increased by 6.5%, continuing the growth trend in the fourth quarter of last year

v. mechanical and electrical products and traditional labor-intensive products are still the main export force. In the first quarter, China's export of mechanical and electrical products was 1.74 trillion yuan, down 4.2%, accounting for 57.7% of China's total export value in the same period. Among them, the export of medical instruments and devices increased by 3.3%, the export of storage batteries increased by 2.7%, and the export of solar cells increased by 10.9%. Over the same period, the total export of traditional labor-intensive products was 622.52 billion yuan, down 1%, accounting for 20.7% of the total export value. Among them, the export of textiles, toys and plastic products increased

VI. the import volume of iron ore, crude oil, copper and other bulk commodities maintained growth, and the prices of major imported commodities remained low. In the first quarter, China imported 242 million tons of iron ore, an increase of 6.5%; 91.1 million tons of crude oil, an increase of 13.4 percent; Copper was 1.43 million tons, an increase of 30.1%. Over the same period, imported coal was 48.46 million tons, down 1.2%; 7.75 million tons of refined oil, down 1.9 percent; 3.13 million tons of steel, down 3.3%. Over the same period, China's import prices fell by 11.5% on the whole. Among them, the average import price of iron ore fell 30.8%, crude oil fell 37.2%, refined oil fell 25.9%, coal fell 23.6%, copper fell 17.1%, and steel fell 11.3%

in addition, the overall export price of China fell by 4.2% in the first quarter of this year. Based on this calculation, China's terms of trade index in the first quarter of this year was 108.2, which means that China's exports of a certain amount of goods can be exchanged for 8.2% more imported goods, indicating that China's terms of trade continue to improve

VII. The leading index of China's foreign trade exports rebounded. In March, the leading index of China's foreign trade exports was 31.6, up 0.3 from the previous month, indicating that China's exports are expected to gradually stabilize in the second quarter. Among them, according to the questionnaire survey data, in order to measure the yield characteristics of materials, China's export manager index, new export order index and manager confidence index all rebounded in March

the General Administration of Customs said that at present, there are still great difficulties in the development of China's foreign trade. For example, China's bilateral trade with major trading partners such as the European Union, the United States and ASEAN has declined; The import and export of foreign-invested enterprises and state-owned enterprises decreased by 9.1% and 16.9% respectively; The import and export of processing trade decreased by 11.6%

Copyright © 2011 JIN SHI