Ministry of Commerce: China's import and export surplus declined sharply by 53% in January

Ministry of Commerce spokesman Yao Jian.　　Photography/Guo Yaping China Economic Network Beijing February 17 (reporter Liu Yangwu) Ministry of Commerce spokesman Yao Jian said in a routine press conference today, China's imports and exports in January 2011 295.01 billion U.S. dollars, an increase of 43.9%, import and export surplus of 6.46 billion U.S. dollars, a year-on-year decline of 53.5%. According to the customs preliminary statistics, January 2011 China's import and export 295.01 billion U.S. dollars, an increase of 43.9%. Exports of 150.73 billion U.S. dollars, an increase of 37.7%, imports of 144.27 billion U.S. dollars, growth of 51%.　　The import and export surplus is 6.46 billion U.S. dollars, down 53.5% year-on-year. Yao said that China's January foreign trade mainly has the following three characteristics: first, the rapid growth of imports and exports, the balance of the situation continues to improve. January, in the international market demand stability and domestic enterprises in front of the joint impact of exports and other factors, exports continued the rapid growth since last year. At the same time, the domestic economy continued to good and the rapid increase in commodity import prices led to a single month-old record of imports. As imports grow faster than export growth, the surplus scale is greatly reduced, China's import and export overall more balanced.　　In January, the foreign-owned enterprise surplus of 6.07 billion U.S. dollars, down 25.1%, state and private enterprises surplus of 390 million U.S. dollars (which state-owned enterprises deficit of 18.38 billion U.S. dollars, growth of 97.9%), resulting in a trade surplus of nearly 9 months to the lowest. Second, the export of textile products is growing faster, and commodity import prices are rising. January, the export of electromechanical products increased by 35.3%. Textile products export growth faster, clothing, textiles, footwear, furniture, plastics, bags, toys exports increase by more than 30%.　　Imports of major commodities increased, with imports of crude oil, iron ore, forged copper, soybeans and edible vegetable oils rising by 74%, with prices rising 32.8%. Third, the rapid growth of exports to emerging markets, since some resource countries import growth. In January, I grew 25%, 34.7% and 34.7% of exports to the European Union, the United States and Japan respectively. Exports to emerging markets such as Russia, Brazil and South Africa grew by 62.1%, 49.7% and 43.4% respectively.　　Imports from some resource-producing countries increased by 212.5%, 146.7%, 95.4% and 83% respectively, from South Africa, Canada, Brazil and Australia, above the overall increase of 161.5, 95.7, 44.4 and 32%. In addition, in response to a reporter on the January import Great expectations of the question, Yao said that the January import growth rate is indeed faster than the export, in which the price factor can not be belittled, as China's import structure, consumer goods imports relatively little, only about 10%, 40% of agricultural products, basic raw materials, mineral resources, The prices of these commodities have increased in the previous period, and the increase in the price of imported products has led to an increase in the total amount of imports.　　This is a very important factor. Yao also said that China promotesMeasures to balance external trade are being implemented. China's share in the international market and trade status has increased year by 2008, a large trade surplus, 2008, 2009, 2010, we have taken a number of measures in successive years to promote the development of trade balance. This year we will promote import as an important policy measure. Traditionally, it is believed that export is the driving force of economic development, in fact, the import of economic structure adjustment, for the long-term development has a clear role in promoting. Of course, the expansion of import itself depends on the enterprise as a basis, is the result of business activities, the promotion of trade balance is to be based on respect for the market operation.