In The 1-4 Months, The Export Of Masks, Protective Clothing And Other Anti Epidemic Materials Increased Rapidly, Which Led To An Increase Of 5.9% In Textile Exports.

In May 9th, the Ministry of commerce website issued the "head of the foreign trade division of the Ministry of Commerce on the situation of China's foreign trade in 1-4" in 2020. In 1-4 months, the total import and export volume was 9 trillion and 70 billion yuan, down 4.9%. Among them, exports were 4 trillion and 740 billion yuan, down 6.4%; imports 4 trillion and 330 billion yuan, down 3.2%; trade surplus 415 billion 700 million yuan, 30.4% reduction. The main features of foreign trade are as follows:

From the market perspective, exports to emerging markets are better than traditional markets. Exports to emerging markets dropped by 2.2%, representing a 2.2 percentage point increase to 50.9% over the same period last year. Among them, ASEAN has become my first export market, and my export to ASEAN has increased by 3.9%, which has led to an increase of 0.5 percentage points in our exports. Exports to traditional markets dropped by 10.4%, accounting for 49.1%.

From the perspective of business entities, the export performance of private enterprises is better than the whole. The export of private enterprises decreased by 2.7%, a decline of 3.7 percentage points, showing a strong resilience, accounting for 1.8 percentage points to 51.7%. The export of state-owned enterprises and foreign-funded enterprises decreased by 6.5% and 10.7% respectively.

From the perspective of main export commodities, the proportion of mechanical and electrical products increased. The export of mechanical and electrical products decreased by 5.9%, 0.5 percentage points better than the whole market, and the proportion increased by 0.2 percentage points to 58.8%. Clothing, toys and other seven categories of labor-intensive products exports fell by 10.2%. In addition, the export of masks, protective clothing and other anti epidemic materials has increased rapidly, driving the growth of textile exports by 5.9%.

From the perspective of trade, the share of general trade remained stable. General trade exports fell 6.3%, accounting for 58.5%. The export volume of processing trade decreased by 10.9%, which narrowed by 8.2 percentage points compared with the first quarter, but it was still deeper than the whole, accounting for 1.5 percentage points lower to 28.4%. The decline in imports has expanded and the trend of imports of commodities has been divided. Imports fell by 3.2% in 1-4 months, a 2.5 percentage point increase from the first quarter. Imports of crude oil, natural gas and refined oil dropped by 7.4%, 13.7% and 25.7%, respectively, bringing the import growth by 0.9, 0.3 and 0.3 percentage points respectively. Imports of integrated circuits, iron ore and coal increased by 14%, 15.9% and 20.6% respectively.