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Observation of foreign trade data! This year's foreign trade has made a good start

Observation of foreign trade data! This year's foreign trade has made a good start

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  • Time of issue:2021-03-12 14:00
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【Summary】:CCTV news: in general, affected by Spring Festival and other factors, the first two months of each year belong to the off-season of foreign trade, the import and export volume is relatively low, and the whole year is showing a trend of low before high. However, this year is a bit different. According to the data released by the General Administration of customs, the import and export of China's goods trade has achieved "opening door" in the first two months of this year, especially in export performance. In the first two months of this year, China's foreign trade import and export was 83.44 billion US dollars, an increase of 41.2 percent over the same period last year. Of these, exports amounted to $468.87 billion, an increase of 60.6 per cent over the previous two months of last year. The growth rate is so large that there is a reason for the lower base of the epidemic last year, but even compared with the normal year, such as the same period in 2018 and 2019, the growth rate is about 20%. So large-scale growth, off-season is not light, what is the reason behind?

Observation of foreign trade data! This year's foreign trade has made a good start

【Summary】:CCTV news: in general, affected by Spring Festival and other factors, the first two months of each year belong to the off-season of foreign trade, the import and export volume is relatively low, and the whole year is showing a trend of low before high. However, this year is a bit different. According to the data released by the General Administration of customs, the import and export of China's goods trade has achieved "opening door" in the first two months of this year, especially in export performance. In the first two months of this year, China's foreign trade import and export was 83.44 billion US dollars, an increase of 41.2 percent over the same period last year. Of these, exports amounted to $468.87 billion, an increase of 60.6 per cent over the previous two months of last year. The growth rate is so large that there is a reason for the lower base of the epidemic last year, but even compared with the normal year, such as the same period in 2018 and 2019, the growth rate is about 20%. So large-scale growth, off-season is not light, what is the reason behind?

  • Categories:Industry News
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  • Time of issue:2021-03-12 14:00
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CCTV news: in general, affected by Spring Festival and other factors, the first two months of each year belong to the off-season of foreign trade, the import and export volume is relatively low, and the whole year is showing a trend of low before high. However, this year is a bit different. According to the data released by the General Administration of customs, the import and export of China's goods trade has achieved "opening door" in the first two months of this year, especially in export performance. In the first two months of this year, China's foreign trade import and export was 83.44 billion US dollars, an increase of 41.2 percent over the same period last year. Of these, exports amounted to $468.87 billion, an increase of 60.6 per cent over the previous two months of last year. The growth rate is so large that there is a reason for the lower base of the epidemic last year, but even compared with the normal year, such as the same period in 2018 and 2019, the growth rate is about 20%. So large-scale growth, off-season is not light, what is the reason behind?

 

 

The data chart can show the changes of China's foreign trade import and export since the beginning of last year. In January last year, China's foreign trade data was within the normal range. By February, the volume of trade fell sharply due to the epidemic, and the export volume of the month fell to 80.38 billion US dollars. Since then, due to the rapid control of domestic epidemic, exports have recovered rapidly. In April, the export volume returned to over $200billion again. In June, foreign trade growth was negative to positive. By December, the export volume reached 28.19 billion dollars. In the first two months of this year, even in the off-season, monthly exports were still over $200billion.

 

The first two months of last year's imports were $29.54 billion and exports were $29.45 billion. In the first two months of this year, the figures were $36.56 billion and $46.87 billion, respectively. The intuitive feeling of data is that China has made great progress in the first two months of last year, while this year is "big out".

 

In this regard, the General Administration of Customs analysis believes that the export growth is mainly due to the recovery of production and consumption prosperity in major economies such as Europe and America. In the first two months, China's export growth to Europe and America was higher than the overall export growth. In addition, during the Spring Festival holiday, many manufacturing practitioners in China chose "local new year". Many enterprises in Guangdong and Zhejiang provinces have maintained production during the Spring Festival. Orders that can be delivered only after the past year can be delivered normally.

 

 

On the import side, the domestic economy has continued to recover steadily and has driven the rapid growth of imports. In January and February this year, China's economy continued to expand in general. PMI index of manufacturing industry has been on the line of decline for 12 consecutive months, and most of the industry production index and new order index are higher than the critical point. After the Spring Festival, the production and marketing season has entered, market demand is expected to rise further, and the enterprise is more optimistic about the future expectations.

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