The Export Growth Rate Of China's Foreign Trade In July Continues To Be Lower Than The Growth Rate Of Imports.

The latest analysis of the foreign trade situation released by the NDRC website in July shows that China's trade surplus is decreasing in the 1-7 month, and the export growth rate continues to be lower than the import growth rate.

In July, China's foreign trade import and export amounted to US $248 billion 70 million, up by 29.8% over the same period last year.

Of which, exports amounted to 136 billion 680 million US dollars, an increase of 26.9%; imports of US $111 billion 400 million, an increase of 33.7%, and the monthly import scale exceeded US $100 billion for 4 consecutive months.

The export growth rate is lower than the import growth rate by 6.8 percentage points, the gap between import and export growth is 1.9 percentage points lower than that in 1-6 months, and the foreign trade surplus of that month is 25 billion 280 million US dollars, up 3.8%.

The analysis indicates that 1-7 months' foreign trade operation has the following characteristics:

1, export growth continues to be slower than import growth.

In 1-7 months, China's export growth rate was 6 percentage points lower than that of the same period last year; import growth rate was 11.6 percentage points higher than that of the same period last year; export growth rate was lower than that of the import growth rate by 8.5 percentage points.

As the import growth rate obviously exceeds the export growth rate, the trade surplus is decreasing.

The surplus of foreign trade totaled 123 billion 720 million US dollars, a decrease of US $13 billion 180 million over the same period last year.

2, the general trade growth rate is obviously higher than the processing trade.

General trade exports and imports growth rate is 8.5 and 36.5 percentage points higher than the processing trade.

3, the import and export of collective, private and other enterprises increased rapidly, and the import of state-owned enterprises increased considerably.

In 1-7 months, the collective, private and other enterprises imported and exported 301 billion 270 million US dollars, an increase of 31.9%.

The import and export of state-owned enterprises was 363 billion 210 million US dollars, an increase of 32.8%.

Among them, exports grew by 17.5% and imports increased by 45.6%, an increase of 29.2 percentage points over the same period last year.

4, exports of light industrial products such as textiles and bags, footwear and other products increased steadily, and corn and other raw grain and its milling exports decreased.

The analysis further points out that the problems that need to be paid attention to in the current operation of foreign trade include: the export of a few "two high and one capital" products is still increasing; the export of clothing and accessories is growing slowly; the imports of textile products, such as textile raw materials, paper and paperboard, billets and rough forgings, are reduced; the average import price of grain and grain flour, soybean, edible vegetable oil, iron ore, concentrate and coal increases considerably.