China's foreign trade surplus will be eroded by high prices of imported goods

The General Administration of customs 10th released the first two months of this year China's foreign trade import and export situation. According to customs statistics, this 1-February, China's import and export value of 495.83 billion U.S. dollars, compared with the same period last year (same) growth of 28.3%. of which exports 2474.700 million U.S. dollars, increased 21.3%, imports 248.36 billion U.S. dollars, growth 36%, the cumulative trade deficit of 890 million U.S. dollars. Customs statistics show that this February, China's import and export value of 200.78 billion U.S. dollars, an increase of 10.6%. Exports of 96.74 billion U.S. dollars, an increase of 2.4%, imports of 104.04 billion U.S. dollars, growth of 19.4%.　　Due to the impact of the Spring festival holiday, led to a marked slowdown in export growth in February, the month of 7.3 billion U.S. dollar trade deficit. From the first two months of this year's foreign trade data, China's trade deficit is not the result of China's initiative to increase imports, but the deteriorating environment of China's foreign trade performance.　　On the one hand, there are many Chinese export enterprises, fierce competition, products generally lack of technology and brand advantages, while China's imports of commodities prices have risen sharply. This 1-February, China imported crude oil 41.75 million tons, an increase of 17.2% per cent, imports amounted to 27.694 billion U.S. dollars, an increase of 40%. During the same period, China imported 1.200 million tons of iron ore, an increase of 22.6%, the import amount of 18.136 billion U.S. dollars, increased 50.3%. Only iron ore and crude oil have increased imports close to $14 billion trillion, nearly twice times the February trade deficit.　　China's future foreign trade, even if the surplus will be high prices of imported goods continue to "eat up." "According to the State consulting article comprehensive collation analysis"