Foreign trade exports exceeded expectations in July, and the home building materials market continued to improve

The General Administration of Customs of the People’s Republic of China announced the cumulative import and export data for July and January-July this year. The main information related to some furniture exports is as follows (in RMB): The export value of furniture and its parts in July was 39.21 Милиард Юан, увеличение на 12.2 compared to June. %; the cumulative export value from January to July was 19,682 Милион юана, надолу 2.6% from the same period in 2019 (година на година), and the decline was 6 percentage points narrower than that from January to June. The situation continued to improve.
From January to July, the cumulative export value of related products in the four categories of furniture, lamps, lighting devices and parts, ceramic products and textile products was 1,039.89 Милиард Юан, увеличение на 23.6% from the cumulative data from January to June.
Except for furniture, textile exports amounted to 634.22 Милиард Юан, На година на година увеличение на 35.8%. Lamps and lanterns were 124.8 Милиард Юан, нагоре 2.7% година на година; ceramics were 84.05 Милиард Юан, надолу 25.4% година на година. Overall, from January to July this year, the total value of my country’s imports and exports of goods trade was 17.2 trillion yuan, Намаляване на годишно годишно 1.7%, and the rate of decline narrowed by 1.5 percentage points from January to June. Сред тях, exports were 9.4 trillion yuan, надолу 0.9% година на година, and the rate of decline narrowed 2.1 percentage points from January to June; imports were 7.8 trillion yuan, надолу 2.6% година на година, and the rate of decline narrowed 0.7 percentage points from January to June; trade surplus 1,631.15 Милиард Юан.
През юли, my country’s foreign trade imports and exports were 2.9 trillion yuan, На година на година увеличение на 5.8%. Сред тях, exports were 1.7 trillion yuan, На година на година увеличение на 9.3%; imports were 1.2 trillion yuan, На година на година увеличение на 1.4%; the trade surplus was 442.24 Милиард Юан.
Imports and exports to ASEAN, the European Union and Japan increased, while imports to the United States declined. In the first seven months, China’s total trade value with ASEAN was 2.51 trillion yuan, увеличение на 6.6%, отчитане на 14.6% of China’s total foreign trade value. Сред тях, China’s exports to ASEAN were 1.4 trillion yuan, увеличение на 5.6%; imports from ASEAN were 1.11 trillion yuan, увеличение на 7.8%; the trade surplus with ASEAN was 288.13 Милиард Юан, намаление на 2.1%.
The total value of trade with the EU was 2.41 trillion yuan, увеличение на 0.1%, отчитане на 14% of our total foreign trade value. Сред тях, China’s exports to the EU were 1.47 trillion yuan, увеличение на 4%; imports from the EU were 936.72 Милиард Юан, намаление на 5.6%; and the trade surplus with the EU was 534.78 Милиард Юан, увеличение на 26.5%.
The total value of Sino-US trade was 2.03 trillion yuan, надолу 3.3%, отчитане на 11.8% of our total foreign trade value. Сред тях, China’s exports to the United States were 1.56 trillion yuan, намаление на 4.1%; imports from the United States were 475.5 Милиард Юан, намаление на 0.3%; the trade surplus with the United States was 1.08 trillion yuan, намаление на 5.7%.
The total value of Sino-Japanese trade was 1.22 trillion yuan, увеличение на 1.1%, отчитане на 7.1% of our total foreign trade value. Сред тях, exports to Japan were 557.13 Милиард Юан, увеличение на 0.2%; imports from Japan were 666.85 Милиард Юан, увеличение на 1.8%; the trade deficit with Japan was 109.72 Милиард Юан, увеличение на 10.8%.
The import and export of private enterprises increased and their proportion increased. In the first seven months, the import and export of private enterprises was 7.83 trillion yuan, увеличение на 7.2%, отчитане на 45.6% of our total foreign trade value, увеличение на 3.8 percentage points over the same period last year. Сред тях, exports were 5.12 trillion yuan, увеличение на 6.4%, отчитане на 54.5% of the total export value; imports were 2.71 trillion yuan, увеличение на 8.7%, отчитане на 34.9% of the total import value.
Analysts said that the performance of foreign trade exports in July exceeded expectations. With the accelerated resumption of overseas work and production, the external demand situation is expected to be gradually restored, and exports are expected to stabilize in a positive growth range.
Tang Jianwei, chief researcher of the Bank of Communications Financial Research Center, said that China’s exports have achieved positive growth, which is better than the export situation of neighboring countries, indicating that China’s export competitiveness is still strong. From the perspective of trade regions, China’s imports and exports with ASEAN continued to grow, and ASEAN became my country’s largest trading partner, making a significant contribution to the resilience of China’s exports throughout the first half of the year, including July.
The leading manufacturing Purchasing Manager Index (PMI) also confirms the authenticity of the improved export data. China’s manufacturing PMI rose to 51.1% през юли, увеличение на 0.2 percentage points from the previous month, and was above the threshold for five consecutive months. Сред тях, the “new order index” has rebounded for three consecutive months, which means that my country’s export growth rate is still supported in the short term, and exports in August are expected to continue to maintain positive growth year-on-year.