A detailed analysis of China international trade exports in 2016

A detailed analysis of China international trade exports in 2016

According to customs statistics in 2016, China’s trade in goods import and export value is 24.33 trillion RMB, decline 0.9% compared with 2015. Among them, exports 13.84 trillion RMB, decline 2%; imports 10.49 trillion RMB, up 0.6%; trade surplus 3.35 trillion RMB, narrowing 9.1%.

In 2016, China’s imports and exports shows the low in front and high after it, quarterly return to good momentum. In the first quarter, China’s export and import value decreased by 8.2%, 7.9% and 8.6% respectively. In the second quarter, export and import value decreased by 1.1%, 0.8% and 1.5% respectively; export and import value increased by 0.8% and 2.3% respectively, and the export value decreased by 0.3%. In the fourth quarter, export and import value increased by 3.8%, 0.3% and 8.7% respectively.

In 2016, China’s general trade import and export total 13.39 trillion RMB, an increase of 0.9%, accounting for 55% of China’s total import and export value, an increase of 1 percentage point than in 2015. The trade structure has been optimized. Furthermore, China’s exports to Pakistan, Russia, Poland, Bangladesh and India increased by 11%, 14.1%, 11.8%, 9% and 6.5% respectively. Over the same period, China’s exports to the EU increased by 1.2%, US exports increased by 0.1%, exports to ASEAN fell 2%, the three together accounted for 46.7% of China’s total exports value.

China’s private enterprises import and export 9.28 trillion RMB in 2016, an increase of 2.2%, accounting for 38.1% of my total foreign trade. Among them, the export of 6.35 trillion RMB, down 0.2%, accounting for 45.9% of total exports, continue to maintain the status of the first export share; import growth of 8.1%.

The mechanical and electrical products, traditional labor-intensive products are still the main export product, while the iron ore, crude oil, copper and other bulk commodity maintain growth importing.

In the fourth quarter of 2016, China’s foreign trade export pilot index rebounded during the three consecutive months, to 37.4 in December, rebounded 0.5, indicating that the first quarter of 2017 China’s export pressure is expected to ease. Among them, according to the network survey data, showing that China’s export managers index fell 0.6 to 39.4 in the month,; new export orders index rose 0.6 to 41.9, the manager confidence index fell 2 to 43.5, the enterprise comprehensive cost index fell 1.6 to 23.9.

At present, China’s foreign trade development still has some difficulties, specifically reflects on the China’s foreign-invested enterprises, state-owned enterprises, whose import and export decreased by 2.2% and 5.6%.

In the face of the complex situation on the development of foreign trade, the Chinese government will continue to adhere to the open-up policy, and encourage the development of foreign trade, strive to crack the deep-seated contradiction restricting foreign trade development, focus on structural adjustment and cultivate new advantages of foreign trade competition. Relevant departments will pay close attention to the implementation of policies, which have been introduced to further improve the level of trade facilitation and reduce the burden of import and export enterprises to accelerate the cultivation of new advantages of foreign trade competition, improve the technological content of export products, quality grades and brand value, and promote the processing trade to the central and western gradient transfer. Government needs to accelerate the development of new business model of foreign trade, promote the export of small and medium enterprises and continue to strengthen imports so that continuously expand the opening to the outside world, strengthen pragmatic cooperation with economic and trade partners, and further create conditions for the import and export enterprises to explore the international market

Leave a comment

Your email address will not be published. Required fields are marked *