Rapid export growth, foreign trade surplus continued to expand

February, China's foreign trade import and export 140.44 billion U.S. dollars, compared with same period last year (below) up 32.9%. Export 82.1 billion U.S. dollars, up 51.7%; imports 58.34 billion U.S. dollars, up 13.1%; month trade surplus of 23.76 billion U.S. dollars.
January-February, the total import and export 297.81 billion U.S. dollars, up 31.6%. Exports 168.71 billion U.S. dollars, up 41.5%; import 129.1 billion U.S. dollars, up 20.6%; trade surplus accumulated 39.61 billion U.S. dollars.

(A) export growth, import growth fell. February, exports rose 51.7%, higher than the same period last year increased 29.4 percentage points higher than in January increased 18.7 percent; imports increased 13.1%, lower than the same period last year, an increase of 16.5 percentage points lower than the 14.4 percent increase in January. Export growth than import growth rate 38.6 percentage points.

(B) the rapid growth of exports of general trade, processing trade slowdown. January-February, the total amount of general trade import and export 133.76 billion U.S. dollars, up 39.8%. Among them, the export of 76.62 billion U.S. dollars, up 54.5%, higher than the same period last year increased 34.9 percent; imports 57.14 billion U.S. dollars, an increase of 24%. Processing trade imports and exports 135.17 billion U.S. dollars, up 23.9%. Among them, the export of 84.87 billion U.S. dollars, up 31.2%; imports 50.3 billion U.S. dollars, up 13.4%, lower than the 17.2 percent increase over the same period last year.

(C) private, foreign investment and rapid export growth of state-owned enterprises. January to February, collective, private and other enterprises import and export of 55.97 billion U.S. dollars, up 53.7%, of which exports 39.71 billion U.S. dollars, up 66.3%; imports 16.26 billion U.S. dollars, up 29.7%. Foreign export 172.39 billion U.S. dollars invested enterprises, up 29.6%, 96.06 billion U.S. dollars of exports, an increase of 36.1%; 76.33 billion U.S. dollars of imports, up 22.2%. Import and export of 69.45 billion U.S. dollars of state-owned enterprises, up 22.2%, of which exports 32.94 billion U.S. dollars, up 32.9%; imports 36.52 billion U.S. dollars, up 13.8%.

(D) mechanical and electrical products and hi-tech products export and import growth momentum. January-February, mechanical and electrical products import and export 163.48 billion U.S. dollars, up 29.3%. Among them, the export of 95.57 billion U.S. dollars, up 38.4%; imports 67.91 billion U.S. dollars, up 18.5%. High-tech product import and export of 86.96 billion U.S. dollars, an increase of 27%. Among them, the export of 46.89 billion U.S. dollars, up 31%; imports 40.07 billion U.S. dollars, up 22.8%.

(E) textile yarn, fabrics and products, apparel and clothing accessories, footwear rapid growth of traditional commodity exports. January-February, textile yarn, fabrics and products 7.82 billion U.S. dollars, up 30.1%; apparel and clothing accessories exported 15.56 billion U.S. dollars, up 44.2%; footwear exported 4.25 billion U.S. dollars, up 36.2%; bags exported 1.62 billion U.S. dollars, up 51.8%; toys exported 1.06 billion U.S. dollars, up 45.6%.

(6) with major trading partners, trade development in good condition. January-February, bilateral trade amounted 51.08 billion U.S. dollars, up 42.7%; Sino-US trade amounted 43.86 billion U.S. dollars, up 32.2%; Sino-Japanese bilateral trade amounted 33.49 billion U.S. dollars, up 22.4%. The bilateral trade volume between China and South Africa increased 71.7%, and 68.9% growth in India's bilateral trade with ASEAN, Hong Kong, Korea, Canada and other major trading partners, bilateral trade volume increased at 24% or more.

(A) of the foreign trade surplus continued to expand. February month trade surplus reached 23.76 billion U.S. dollars higher, higher than the 21.31 billion U.S. dollars last year, higher than 7.88 billion U.S. dollars in January. First two months of trade surplus totaled 39.61 billion U.S. dollars, an increase compared with 27.67 billion U.S. dollars last year.

(B) of the crude, unwrought aluminum, coal exports declined, steel, steel billets and crude forgings exports continued to increase. January-February, crude oil export 30 million tons, down 31.1%; unwrought aluminum exports 103,000 tons, down 40.9%; coal exported 7.71 million tons, down 29.6%. Steel exports 8.75 million tons, up 139.3 percent; billets and crude forgings exported 1.12 million tons, an increase of 87.9%.
(C) of the refined oil, aluminum, steel, cotton and other basic raw materials imports fell, crude oil, steel billets and crude forgings import slowdown. January-February, imports of 5.05 million tons of refined oil, down 1.4%; alumina imported 1.11 million tons, down 4.3%; steel imports 2.7 million tons, down 4.6%; unwrought aluminum and aluminum imports 149,000 tons, down 13.5 %; textile import 80,000 tons of synthetic fibers, down 16%; cotton imports 248,000 tons, down 60.1%. Crude oil imports 25.79 million tons, up 5.7%; billets and crude forgings imported 50,000 tons, an increase of 1.9%.

(D) of the United States, the European Union's trade surplus continued to expand. January-February, China's trade surplus of 25.2 billion U.S. dollars the United States, more than same period last year 7.53 billion U.S. dollars; on the EU trade surplus of 21.34 billion U.S. dollars, compared with same period last year 9.77 billion U.S. dollars. The scale of China's trade surplus with the United States and Europe continued to expand, to intensify trade friction between China and the United States and Europe, affecting the competitiveness of our export products, and further increase the pressure of RMB appreciation.