In August, Shandong Province'S Foreign Trade Reached A New High, And Textile And Garment Industries Accelerated Their Development

According to statistics, in August, the import and export of Shandong Province reached 19.81 billion yuan, an increase of 21%, including 118.48 billion yuan of export, an increase of 28.2%, and 80.33 billion yuan of import, an increase of 11.7%. What is the reason for Shandong's foreign trade to reach a record high in August?

The continuous improvement of macroeconomic environment has accelerated the recovery of Shandong's foreign trade. According to the data released by China Federation of logistics and purchasing, the purchasing manager index (PMI) of China's manufacturing industry in August was 51%, which has been operating at more than 50% for six consecutive months, indicating that the domestic macro-economic prosperity has continued to recover, the supply and demand cycle has improved, and the economy has accelerated its recovery. At the same time, the global manufacturing industry recovered strongly in August. According to the data of China Federation of logistics and purchasing, the PMI of global manufacturing industry in the month was 52.5%, increased by 1.2 percentage points compared with the previous month, and remained above 50% for two consecutive months, and rose month on month for four consecutive months. According to JP Morgan data, the global manufacturing PMI reached the highest level in 21 months. The improvement of the internal and external macroeconomic situation has led to a rebound in the demand for import and export in the province, which is an important factor for Shandong's foreign trade to give full play to its industrial advantages and set a new record in import and export value.

Shandong Province's foreign trade development toughness has been continuously improved, and the coordinated development of various industries has promoted the rapid growth of the province's exports. Shandong Province's complete and strong manufacturing industry has been tested. In August, the provincial government accelerated the development of high-tech and high-tech products, such as high-tech and high-tech products; in August, the provincial government accelerated the development of high-tech and high-tech products, such as textile machinery, high-tech products and plastic products The export increased by 38.7%, the equipment manufacturing industry accelerated the recovery, the high-end equipment manufacturing industry rail transit equipment export increased by 65.6%; the characteristic cultural industry developed steadily, and the export of cultural products increased significantly by 45.6% in the same month; the development of pharmaceutical and medical equipment industry in the whole province was greatly accelerated, and the export of medical materials and drugs, medical equipment and equipment increased by 13.9% and 76.8% respectively. The province's foreign trade industries are in full bloom, and jointly promote the province's foreign trade export to a monthly record high.

The province's investment has been effectively expanded, and preferential policies have been implemented, which has boosted the rapid growth of import demand. Our province has actively expanded effective investment, promoted the implementation of major landmark supporting projects one after another, complemented the weaknesses, strong and weak items, stabilized the basic aspects of investment operation and project construction, and the investment growth rate rebounded month by month. In the first seven months, the investment in new construction projects, infrastructure and industrial technological transformation projects increased by 14.4%, 21.4% and 6% respectively, which effectively promoted the import of industrial raw materials, production equipment and other means of production. At the same time, with the implementation of the "six guarantees and three promotion" policies and measures of the provincial Party committee and the provincial government, the economic benefits of industrial enterprises in the province have been further improved, the superimposed economic situation has been constantly improved, and the production enthusiasm of enterprises in the province has been rising. In August, the import of iron ore, aluminum ore, copper ore and other metal ores as industrial raw materials increased significantly by 30.4%. Crude oil also reversed the downward trend for six consecutive months with the price rising, achieving an increase of 6.8%. The contribution to the province's import increased from negative to positive. At the same time, mechanical and electrical products also increased by 18.2%. The contribution of the above commodities to the import growth of the whole province reached 43.5%, 15.6% and 30.4%, respectively, The pulling effect is remarkable.