Ministry of Commerce: January-March Import Volume Innovation High 6 years of the first quarter deficit

China Economic network Beijing April 19 (reporter Lin Su-min) Ministry of Commerce spokesman Yao Jian briefed the first quarter on China's foreign trade at a routine press conference today. According to customs statistics, January-March, the national total import and export amounted to 800.31 billion U.S. dollars, an increase of 29.5%.　　Among them, exports 399.64 billion U.S. dollars, growth 26.5%, imports 400.66 billion U.S. dollars, growth 32.6%, the trade deficit of 1.02 billion U.S. dollars (a year earlier, a surplus of 13.92 billion U.S. dollars). Yao said that the first quarter of the foreign trade situation mainly presented the following four characteristics: A, import volume record high, a small quarterly deficit. With a slow recovery in the world economy and an upturn in international market demand, exports reached $399.64 billion trillion in the first quarter, up 26.5% per cent, with price increases driving 11%, as domestic demand increased and international commodity prices rose, Imports reached 400.66 billion U.S. dollars, a record high in the quarterly scale, an increase of 32.6%, which led to a 16.5% rise in prices.　　With imports growing faster than export growth, the trade deficit was 1.02 billion trillion in the first quarter, with a quarterly deficit in nearly 6 years. Second, the share of exports to Europe and the United States fell, and some emerging markets trade rapid growth. In the first quarter, I grew 17.2% and 21.4% for the EU and US exports respectively, representing 19.2% and 16.5% of total exports, down 1.5 and 0.7% respectively. Exports to Japan grew by 28.1%, above the overall rate of 1.6% per cent, and imports from Japan grew 26.4% per cent, below overall growth of 6.2%.　　Bilateral trade with some emerging markets such as South Africa and Brazil grew faster, with trade volumes growing by 107.1% and 57.7% respectively. Third, the import of resources to increase the price rise, textile products export increased potential better than electromechanical products. In the first quarter, crude oil, iron ore, refined oil imports increased by 11.9%, 14.4% and 27.7% respectively, the prices increased by 24.3%, 59.5% and 18.7% respectively, the total number of three products to increase imports of 9.1%, which led to a rise in the price of 5.9%. Apparel, textiles, footwear, furniture, bags, toys total exports of 71.99 billion U.S. dollars, an increase of 23.8%.　　Mechanical and electrical products exports 232.03 billion U.S. dollars, growth of 22.8%, below the overall increase of 3.7%, of which automatic data processing equipment, integrated circuits, color TV and motorcycle exports grew 5.8%, 12.5%, 14% and 16.6% respectively, are lower than the overall export growth. The proportion of export of processing trade decreases, and the general trade contributes a lot to the increment of import. In the first quarter, processing trade exports 184.51 billion U.S. dollars, an increase of 21.6%, accounting for the overall proportion of exports 46.2%, the year-on-year decline of 1.8%; imports 107.4 billion U.S. dollars, an increase of 20.9%. General trade exports 185.97 billion U.S. dollars, growth of 31.7%, accounting for the overall proportion of exports than processing trade 0.3%; Imports 231.95 billion dollars, growth of 37.4%, higher than the overall increase of 4.8%, contribution to the import increase of 64.1%, boosting import growth of 20.9%.　　The general trade deficit rose markedly, to 45.99 billion trillion dollars, to 66.5%. (Responsible editor: Wang Huiying)