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