Xinhua news agency, Beijing, June 11 (reporter of China Securities Journal, nimingya) when talking about the operation of China's foreign trade from January to May this year, the head of the foreign trade department of the Ministry of Commerce said that at present, the COVID-19 is still spreading around the world, The external environment facing China's foreign trade development is still complex and severe. The Ministry of Commerce attaches great importance to the difficulties and challenges faced by foreign trade enterprises in terms of raw material prices, exchange rate fluctuations and sea freight, and will continue to work with local and relevant departments to promote solutions
Picture Description: data map, issued by Xinhua News Agency
the above person in charge said that from January to may, excluding the influence of last year's low base, China's import and export still maintained rapid growth and showed strong foreign trade development toughness.
specifically, China's exports to major trading partners grew rapidly. China's exports to major trading partners maintained rapid growth, especially to the United States, ASEAN and the EU, with growth rates of 38.9%, 29.3% and 27.9% respectively. Exports to BRICs countries increased by 42.8%, 12.7 percentage points higher than the overall growth rate.
the proportion of general trade exports continued to increase. The industrial foundation was more stable and the ability of independent development was continuously strengthened. The export of general trade increased by 34.5%, raising the overall growth rate by 20.3 percentage points, and the proportion increased by 2 percentage points to 60.9% compared with the same period last year.
the competitiveness of foreign trade entities was further enhanced. The scale of private enterprises continued to grow and the role of foreign trade" stabilizer"was prominent. From January to may, the export of private enterprises was 4.53 trillion yuan, an increase of 39.4%, raising the overall growth rate by 20.7 percentage points, accounting for an increase of 3.4 percentage points to 56.3% compared with the same period last year.
the export of mechanical and electrical products and labor-intensive products maintained growth. The export of mechanical and electrical products increased by 31.9%, accounting for a stable proportion, of which the export of household appliances, auto parts and auto parts increased by 42.6%, 37.6% and 95.8% respectively. Textiles were affected by the sharp decline in the export of masks, with a year-on-year decrease of 10.3%. Except textiles, the export of other six categories of labor-intensive products increased by 40.1%, 10 percentage points higher than the overall growth rate.
the price rise of some bulk commodities has driven up the import growth rate. From January to may, iron ore, copper, refined oil, soybean, steel and crude oil increased by 62.7%, 35.1%, 22.1%, 18.7%, 9.8% and 9.1% respectively. The price factors increased the import growth rate by 5.7 percentage points. (end)