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 busalaen Yuan, ka hoʻonuiʻana o 12.2 compared to June. %; the cumulative export value from January to July was 19,682 Moen yean, iho 2.6% mai ka manawa like i loko 2019 (makahiki-makahiki), 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 busalaen Yuan, ka hoʻonuiʻana o 23.6% from the cumulative data from January to June.
Except for furniture, textile exports amounted to 634.22 busalaen Yuan, he makahiki makahiki o ka makahiki makahiki 35.8%. Lamps and lanterns were 124.8 busalaen Yuan, kū 2.7% makahiki-makahiki; ceramics were 84.05 busalaen Yuan, iho 25.4% makahiki-makahiki. 'Ulina, from January to July this year, the total value of my country’s imports and exports of goods trade was 17.2 Kohua yuan, he mau makahiki o ka makahiki makahiki o 1.7%, and the rate of decline narrowed by 1.5 percentage points from January to June. Mawaena o lakou, exports were 9.4 Kohua yuan, iho 0.9% makahiki-makahiki, and the rate of decline narrowed 2.1 percentage points from January to June; imports were 7.8 Kohua yuan, iho 2.6% makahiki-makahiki, and the rate of decline narrowed 0.7 percentage points from January to June; trade surplus 1,631.15 busalaen Yuan.
In July, my country’s foreign trade imports and exports were 2.9 Kohua yuan, he makahiki makahiki o ka makahiki makahiki 5.8%. Mawaena o lakou, exports were 1.7 Kohua yuan, he makahiki makahiki o ka makahiki makahiki 9.3%; imports were 1.2 Kohua yuan, he makahiki makahiki o ka makahiki makahiki 1.4%; the trade surplus was 442.24 busalaen Yuan.
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 Kohua yuan, ka hoʻonuiʻana o 6.6%, Waihona Kūpono 14.6% of China’s total foreign trade value. Mawaena o lakou, China’s exports to ASEAN were 1.4 Kohua yuan, ka hoʻonuiʻana o 5.6%; imports from ASEAN were 1.11 Kohua yuan, ka hoʻonuiʻana o 7.8%; the trade surplus with ASEAN was 288.13 busalaen Yuan, he emi o 2.1%.
The total value of trade with the EU was 2.41 Kohua yuan, ka hoʻonuiʻana o 0.1%, Waihona Kūpono 14% of our total foreign trade value. Mawaena o lakou, China’s exports to the EU were 1.47 Kohua yuan, ka hoʻonuiʻana o 4%; imports from the EU were 936.72 busalaen Yuan, he emi o 5.6%; and the trade surplus with the EU was 534.78 busalaen Yuan, ka hoʻonuiʻana o 26.5%.
The total value of Sino-US trade was 2.03 Kohua yuan, iho 3.3%, Waihona Kūpono 11.8% of our total foreign trade value. Mawaena o lakou, China’s exports to the United States were 1.56 Kohua yuan, he emi o 4.1%; imports from the United States were 475.5 busalaen Yuan, he emi o 0.3%; the trade surplus with the United States was 1.08 Kohua yuan, he emi o 5.7%.
The total value of Sino-Japanese trade was 1.22 Kohua yuan, ka hoʻonuiʻana o 1.1%, Waihona Kūpono 7.1% of our total foreign trade value. Mawaena o lakou, exports to Japan were 557.13 busalaen Yuan, ka hoʻonuiʻana o 0.2%; imports from Japan were 666.85 busalaen Yuan, ka hoʻonuiʻana o 1.8%; the trade deficit with Japan was 109.72 busalaen Yuan, ka hoʻonuiʻana o 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 Kohua yuan, ka hoʻonuiʻana o 7.2%, Waihona Kūpono 45.6% of our total foreign trade value, ka hoʻonuiʻana o 3.8 percentage points over the same period last year. Mawaena o lakou, exports were 5.12 Kohua yuan, ka hoʻonuiʻana o 6.4%, Waihona Kūpono 54.5% of the total export value; imports were 2.71 Kohua yuan, ka hoʻonuiʻana o 8.7%, Waihona Kūpono 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% iloko o Iulai, ka hoʻonuiʻana o 0.2 percentage points from the previous month, and was above the threshold for five consecutive months. Mawaena o lakou, ka “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.