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 δισεκατομμύρια γιουάν, μια αύξηση 12.2 compared to June. %; the cumulative export value from January to July was 19,682 εκατομμύρια γιουάν, down 2.6% from the same period in 2019 (ετησίως), 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 δισεκατομμύρια γιουάν, μια αύξηση 23.6% from the cumulative data from January to June.
Except for furniture, textile exports amounted to 634.22 δισεκατομμύρια γιουάν, a year-on-year increase of 35.8%. Lamps and lanterns were 124.8 δισεκατομμύρια γιουάν, επάνω 2.7% ετησίως; ceramics were 84.05 δισεκατομμύρια γιουάν, down 25.4% ετησίως. 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, a year-on-year decrease of 1.7%, and the rate of decline narrowed by 1.5 percentage points from January to June. Ανάμεσά τους, exports were 9.4 trillion yuan, down 0.9% ετησίως, and the rate of decline narrowed 2.1 percentage points from January to June; imports were 7.8 trillion yuan, down 2.6% ετησίως, and the rate of decline narrowed 0.7 percentage points from January to June; trade surplus 1,631.15 δισεκατομμύρια γιουάν.
In July, my country’s foreign trade imports and exports were 2.9 trillion yuan, a year-on-year increase of 5.8%. Ανάμεσά τους, exports were 1.7 trillion yuan, a year-on-year increase of 9.3%; imports were 1.2 trillion yuan, a year-on-year increase of 1.4%; the trade surplus was 442.24 δισεκατομμύρια γιουάν.
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, μια αύξηση 6.6%, λογοδοσία 14.6% of China’s total foreign trade value. Ανάμεσά τους, China’s exports to ASEAN were 1.4 trillion yuan, μια αύξηση 5.6%; imports from ASEAN were 1.11 trillion yuan, μια αύξηση 7.8%; the trade surplus with ASEAN was 288.13 δισεκατομμύρια γιουάν, a decrease of 2.1%.
The total value of trade with the EU was 2.41 trillion yuan, μια αύξηση 0.1%, λογοδοσία 14% of our total foreign trade value. Ανάμεσά τους, China’s exports to the EU were 1.47 trillion yuan, μια αύξηση 4%; imports from the EU were 936.72 δισεκατομμύρια γιουάν, a decrease of 5.6%; and the trade surplus with the EU was 534.78 δισεκατομμύρια γιουάν, μια αύξηση 26.5%.
The total value of Sino-US trade was 2.03 trillion yuan, down 3.3%, λογοδοσία 11.8% of our total foreign trade value. Ανάμεσά τους, China’s exports to the United States were 1.56 trillion yuan, a decrease of 4.1%; imports from the United States were 475.5 δισεκατομμύρια γιουάν, a decrease of 0.3%; the trade surplus with the United States was 1.08 trillion yuan, a decrease of 5.7%.
The total value of Sino-Japanese trade was 1.22 trillion yuan, μια αύξηση 1.1%, λογοδοσία 7.1% of our total foreign trade value. Ανάμεσά τους, exports to Japan were 557.13 δισεκατομμύρια γιουάν, μια αύξηση 0.2%; imports from Japan were 666.85 δισεκατομμύρια γιουάν, μια αύξηση 1.8%; the trade deficit with Japan was 109.72 δισεκατομμύρια γιουάν, μια αύξηση 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, μια αύξηση 7.2%, λογοδοσία 45.6% of our total foreign trade value, μια αύξηση 3.8 percentage points over the same period last year. Ανάμεσά τους, exports were 5.12 trillion yuan, μια αύξηση 6.4%, λογοδοσία 54.5% of the total export value; imports were 2.71 trillion yuan, μια αύξηση 8.7%, λογοδοσία 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% in July, μια αύξηση 0.2 percentage points from the previous month, and was above the threshold for five consecutive months. Ανάμεσά τους, 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.