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Analysis on the characteristics of China's plastic products import and export

Analysis on the characteristics of China's plastic products import and export

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  • Time of issue:2020-03-04
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(Summary description)Looking at China's import and export of plastic products in 2016, the industry analysis shows that the industry has six major characteristics, namely: the proportion of general trade imports and exports has increased; imports and exports to the EU have grown, and trade partners such as the United States, ASEAN and Japan have increased. Exports declined; private enterprises' imports and exports increased, the proportion increased; exports of mechanical and electrical products fell, and exports of traditional labor-intensive products such as textiles and clothing increased; imports of major commodities such as iron ore, crude oil, and refined oil rebounded significantly, and the prices of major imported commodities fell generally ; China's foreign trade export leading index fell.

Analysis on the characteristics of China's plastic products import and export

(Summary description)Looking at China's import and export of plastic products in 2016, the industry analysis shows that the industry has six major characteristics, namely: the proportion of general trade imports and exports has increased; imports and exports to the EU have grown, and trade partners such as the United States, ASEAN and Japan have increased. Exports declined; private enterprises' imports and exports increased, the proportion increased; exports of mechanical and electrical products fell, and exports of traditional labor-intensive products such as textiles and clothing increased; imports of major commodities such as iron ore, crude oil, and refined oil rebounded significantly, and the prices of major imported commodities fell generally ; China's foreign trade export leading index fell.

  • Categories:Company news
  • Author:
  • Origin:
  • Time of issue:2020-03-04
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Looking at China's import and export of plastic products in 2016, the industry analysis shows that the industry has six major characteristics, namely: the proportion of general trade imports and exports has increased; imports and exports to the EU have grown, and trade partners such as the United States, ASEAN and Japan have increased. Exports declined; private enterprises' imports and exports increased, the proportion increased; exports of mechanical and electrical products fell, and exports of traditional labor-intensive products such as textiles and clothing increased; imports of major commodities such as iron ore, crude oil, and refined oil rebounded significantly, and the prices of major imported commodities fell generally ; China's foreign trade export leading index fell.

Analysis on the characteristics of China's plastic products import and export

The proportion of general trade import and export has increased

In the first five months, China's general trade imports and exports amounted to 5.16 trillion yuan, down 1.3%, accounting for 56.4% of China's total foreign trade value, an increase of 1.1 percentage points compared with the same period last year. Among them, exports were 2.94 trillion yuan, an increase of 0.8%, accounting for 55.7% of the total export value; imports were 2.22 trillion yuan, a decline of 3.9%, accounting for 57.3% of the total import value; the surplus under the general trade item was 724.39 billion yuan, an increase of 18.6%. During the same period, China's import and export of processing trade was 2.64 trillion yuan, a decrease of 10.7%, accounting for 28.8% of China's total foreign trade value, a drop of 2.4 percentage points from the same period last year. Among them, exports were 1.71 trillion yuan, down 9.7%, accounting for 32.3% of the total export value; imports were 935.2 billion yuan, down 12.4%, accounting for 24.1% of the total import value; the surplus under processing trade was 772.6 billion yuan, narrowing 6.2%.

In addition, China's imports and exports under special customs supervision methods were 996.75 billion yuan, an increase of 3.3%, accounting for 10.9% of China's total foreign trade value. Among them, exports were 359.36 billion yuan, an increase of 2.4%, accounting for 6.8% of the total export value; imports were 637.39 billion yuan, an increase of 3.7%, accounting for 16.4% of the total import value.

Imports and exports to the EU increase, while imports and exports to the US, ASEAN and Japan decline

In the first five months, the European Union was China's largest trading partner. The total value of China-EU trade was 1.39 trillion yuan, an increase of 2%, accounting for 15.2% of China's total foreign trade value. Among them, China ’s exports to the EU were 858.15 billion yuan, an increase of 1.6%; imports from the EU were 535.91 billion yuan, an increase of 2.7%; the trade surplus with Europe was 322.24 billion yuan, narrowing by 0.2%. The United States is China's second largest trading partner. The total value of Sino-US trade is 1.27 trillion yuan, a decrease of 5.2%, accounting for 13.8% of China's total foreign trade value. Among them, China ’s exports to the United States were 924.7 billion yuan, a decrease of 4.3%; imports from the United States were 343.3 billion yuan, a decrease of 7.5%; the trade surplus with the United States was 581.4 billion yuan, narrowing by 2.3%.

In the first five months, ASEAN was China's third largest trading partner, with a total trade value of 1.13 trillion yuan, down 1.6%, accounting for 12.3% of China's total foreign trade value. Among them, China ’s exports to ASEAN were 668.72 billion yuan, down 2.1%; imports from ASEAN were 458.89 billion yuan, down 1%; the trade surplus with ASEAN was 209.83 billion yuan, narrowing 4.4%. Japan is China's fifth largest trading partner. The total value of Sino-Japanese trade is 685.97 billion yuan, a decrease of 0.3% and accounting for 7.5% of China's total foreign trade value. Among them, exports to Japan were 332.95 billion yuan, a decrease of 1.1%; imports from Japan were 353.02 billion yuan, an increase of 0.5%; the trade deficit with Japan was 20.07 billion yuan, an increase of 37.4%.

Imports and exports of private enterprises increased, and the proportion increased

In the first five months, the import and export of private enterprises was 3.56 trillion yuan, an increase of 6.9%, accounting for 38.8% of China's total foreign trade value, an increase of 3.6 percentage points from the same period last year. Among them, exports were 2.48 trillion yuan, an increase of 5.7%, accounting for 46.9% of the total export value; imports were 1.08 trillion yuan, an increase of 9.7%, accounting for 27.8% of the total import value. During the same period, foreign-invested enterprises' imports and exports were 4.16 trillion yuan, down 7.4%, accounting for 45.4% of China's total foreign trade value. Among them, exports were 2.26 trillion yuan, down 7.8%, accounting for 42.7% of total exports; imports were 1.91 trillion yuan, down 7%, accounting for 49.1% of total imports.

In addition, the import and export of state-owned enterprises reached 1.4 trillion yuan, a decline of 13.7%, accounting for 15.2% of China's total foreign trade value. Among them, exports were 545.6 billion yuan, a decrease of 8%, accounting for 10.3% of the total export value; imports were 852.78 billion yuan, a decrease of 16.9%, accounting for 21.9% of the total import value.

Exports of mechanical and electrical products decline, and exports of traditional labor-intensive products such as textiles and clothing increase

In the first five months, China's exports of mechanical and electrical products reached 3.03 trillion yuan, a decrease of 2.5%, accounting for 57.3% of the total export value. Among them, exports of electrical and electronic products were 1.34 trillion yuan, an increase of 0.5%; machinery and equipment were 881.97 billion yuan, a decrease of 3.4%. During the same period, clothing exports were 372.59 billion yuan, up 2%; textiles were 280.56 billion yuan, up 5.3%; footwear was 122.65 billion yuan, down 3.3%; furniture was 129.89 billion yuan, down 4.7%; plastic products were 95.87 billion yuan, up 6.7%; Bags and luggage totaled 67.19 billion yuan, a decrease of 0.6%; toys totaled 34.04 billion yuan, an increase of 17.4%; the total export of the seven major labor-intensive products was 1102.8 billion yuan, an increase of 2%, accounting for 20.9% of the total export value. In addition, fertilizer exports were 10.25 million tons, a decrease of 28.1%; steel products were 46.28 million tons, an increase of 6.4%; and 280,000 vehicles, a decrease of 12.5%.

Imports of major commodities such as iron ore, crude oil, and refined oil have rebounded significantly, and the prices of major imported commodities have generally fallen

In the first five months, China imported 412 million tons of iron ore, an increase of 9.1%. The average import price was 319.6 yuan per ton, a decrease of 19.2%; crude oil was 156 million tons, an increase of 16.5%, and the average import price was 1706 yuan per ton, a decrease. 33.6%; 86.28 million tons of coal, an increase of 3.7%, the average import price was 309.9 yuan per ton, down 21%; refined oil was 13.26 million tons, an increase of 4.5%, the average import price was 2325 yuan per ton, down 23.9%; primary shape 10.29 million tons of plastic, a decrease of 7.1%, the average import price of 10,200 yuan per ton, down 4%; steel 5.32 million tons, a decrease of 3%, the average import price of 644.24.2 yuan per ton, a decrease of 10.2%; unwrought copper And copper 2.31 million tons, an increase of 2

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