China textile and garment exports USD249.89billion

Source: ctei | Date: 2012-02-23

According to customs statistics, in 2011, China`s foreign trade imports and exports valued at USD 3,642.06 billion compared with the 2010 period (hereinafter the same) 22.5%, annual foreign trade imports and exports total refresh record. Among them, export 18.986 billion dollars, an increase of 20.3%; imports amounted to USD 1,743.46 billion up 24.9%. 155.14 billion dollars trade surplus, a net decrease of USD 26.37 billion over the previous year.

Customs statistics show that in December 2011, China`s imports and exports amounted to USD 332.92 billion, an increase of 12.6%. Which export USD 174.72 billion, an increase of 13.4% and imports USD 158.2 billion, an increase of 11.8%.

Although China`s foreign trade import and export growth remained low since the second half of 2011, but more balanced trade development. Coordinated development of the import, export, foreign trade surplus narrowed year after year. In 2011, ``expansion of imports`` under the policy guidance, China`s import growth higher than the export growth rate over the same period 4.6%, trade surplus narrowed in 2010 from 7.2% continue to narrow in on the basis of 14.5%, a decrease of USD 26.37 billion, trade surpluses and foreign trade of the year the ratio of the total value of 4.3%, 1.8% lower than the previous year.

Trading structures continue to improve:

General trade a strong return in 2011, China`s general trade import and export 1,924,590,000,000 dollars, an increase of 29.2%, 52.8% per cent of total value of import and export in the same period, lifting by 2010 in proportion. Export reached USD 917.12 billion, an increase of 27.3%, up from the same period exports overall growth 7%; imports amounted to USD 1,007,470,000,000, an increase of 31%, higher than the overall growth of imports over the same period 6.1%. Deficit of USD 90.35 billion under general trade, expand 85.8%. The same period, China`s processing trade import and export of 1,305,210,000,000 dollars, an increase of 12.7%. Export reached USD 835.42 billion, an increase of 12.9%, and imports amounted to USD 469.79 billion, an increase of 12.5%. Under processing trade surplus was US USD 365.63 billion, expanding 13.4%.

Diversification of trading partner effectiveness obvious:

On Japanese traditional market growth in Europe and a smooth, strong growth in trade in emerging market countries. In 2011, the China-EU bilateral trade amounted to us USD 567.21 billion, an increase of 18.3%, 4.2% below reservoirs overall growth rate of China`s export and import. The same period, Sino-US bilateral trade amounted to USD 446.65 billion, an increase of 15.9%, 6.6% lower than overall growth in China`s import and export in the same period. In 2011, I-ASEAN bilateral trade amounted to USD 362.85 billion, an increase of 23.9%, higher than the overall growth in China`s import and export of 1.4% over. I export to ASEAN 170.08 billion dollars, an increase of 23.1%; since ASEAN imports amounted to USD 192.77 billion, an increase of 24.6%; USD 22.69 billion to ASEAN trade deficit, expanding 37.1%. Sino-Japanese bilateral trade amounted to USD 342.89 billion, an increase of 15.1%, 7.4% lower than overall growth in China`s import and export in the same period. Against Brazil, and Russia and South Africa and other countries trade import and export value of USD 84.2 billion, and 79.25 billion respectively, growth, 34.5% and 76.7% respectively, China`s overall trade growth is higher than the same period, indicating that I was strong growth in trade in emerging market countries.

Regional distribution rationalization of trade:

7 provinces such as Guangdong, Jiangsu foreign trade accounted for more than 80%, Midwest strong impetus to the development of foreign trade. In 2011, the Guangdong import and export value of us USD 913.48 billion, up 16.4%. The same period, Jiangsu Province and Shanghai, and Beijing import and export values 539.76 billion, 437.31 billion and USD respectively, growth, 15.9% and 29.1% respectively. In addition, import and export value of Zhejiang, Shandong and Fujian province to 309.4 billion, and USD 143.56 billion respectively, growth, 22% and 32% respectively. The above 7 provinces export value of import and export values together accounted for 81.5%. Exports from the point of view, in 2011, the Guangdong export reached USD 531.94 billion, an increase of 17.4%. The same period, Jiangsu Province, Zhejiang Province and Shanghai City exports 312.62 billion, and USD 209.69 billion respectively, growth, 15.6% and 16% respectively. In addition, Shandong province, Fujian province and the Beijing Municipal export 125.79 billion, and USD 59.03 billion respectively, growth, 20.7% and 6.5% respectively. Midwest export growth significantly higher than the national total export growth over the same period, Guizhou and Chongqing, Henan, and Jiangxi provinces of export growth was 1.6 times times, 82.7%, and 63.1%.

Trade the main structure of positive change:

Foreign-funded enterprises continue to dominate, share of private enterprises improve fairly quickly. In 2011, imports and exports of foreign invested enterprises 1,860,160,000,000 dollars, an increase of 16.2%, account for a quarter of the value of China`s export and import 51.1%, decline in the proportion of 2.8%. The same period, private enterprises (including collective, private enterprises and other enterprises) import and export of 1,021,280,000,000 dollars, an increase of 36%, higher than the overall growth in China`s import and export of 13.5% over, 28% of total value of import and export in the same period, a 2.8% over the previous year. In addition, the State-owned enterprises of import and export 760.62 billion dollars, an increase of 22.2%.

The export of goods, in 2011, China`s mechanical and electrical product export reached USD 1,085,590,000,000, up 16.3%. Electrical and electronic products export reached USD 445.79 billion, an increase of 14.7%; machinery equipment export 353.77 billion dollars, an increase of 14.2%. Steady growth of traditional commodity exports, garment exports 153.22 billion dollars, an increase of 18.3%; textile exports USD 94.67 billion, an increase of 22.9%; footwear exported USD 41.72 billion, an increase of 17.1%.

The import of goods, 2011, China imported primary products 604.38 billion dollars, an increase of 39.3%. Which imports iron ore 690 million tons, an increase of 10.9%, import price US USD 163.8 per tone, rising 27.1%. The same period, import soybean 52.64 million tons, a drop of 3.9%, import price 566.8 dollars a tone, up 23.7%. In addition, imports of machinery and electronic products USD 753.29 billion, an increase of 14.1%; import 1.036 million vehicles, an increase of 27.8%.

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