The fifth straight month of imports and exports rebound

11, released by General Administration of Customs figures show that while China's foreign trade in July year on year decline had deepened, but the chain continued to maintain a growth trend, the fifth consecutive month rebound.

    Statistics show that in July the month, China's foreign trade value of 200.21 billion U.S. dollars, down 19.4%, growth of 9.6%. Among them, the first time this year, the export value of 100 billion U.S. dollars, to 105.42 billion U.S. dollars, down 23%, growth of 10.4%; imports 94.79 billion U.S. dollars, down 14.9%, growth of 8. 7%.

    1 to 7 months, China's total foreign trade import and export value 1.14671 trillion U.S. dollars, down 22.7%. Of which exports 627.1 billion U.S. dollars, down 22%; imports 519.61 billion U.S. dollars, down 23.6%. The accumulated trade surplus of 107.49 billion U.S. dollars, down 12.4%.

    General Administration of Customs analysts pointed out that China's foreign trade since last October began to decline after 5 months later, in March this year began a rebound up to 5 consecutive months, the monthly recovery trend is basically set.

    The first 7 months, the European Union remains China's largest trading partner, China-EU bilateral trade value fell 20.7%. The United States as China's second largest trading partner, bilateral trade value dropped 16.1%. Japan's third largest trading partner, Sino-Japanese bilateral trade value dropped 22.6%. In addition, I import and export value with the Association of Southeast Asian Nations fell 22.4%; and Indian import and export value fell 30.2%. Mainland and Hong Kong import and export value fell 23.6%.

    In exports, the main labor-intensive exports fell to single digits. According to customs statistics, from January to July, exports of garments and accessories fell 9.1%; footwear exports fell 5.2%; furniture exports fell by 9.8%; plastic products exports fell 7%; luggage exports declined 8 .2%. Over the same period, China's export of electromechanical products 367.71 billion U.S. dollars, down 20.8%.

    In the imported goods, the main bulk volume of imports of goods increased to varying degrees. Among them, iron ore imports of 360 million tons, an increase of 31.8%; crude oil imports 110 million tons, an increase of 5.8%; soybean imports 26.48 million tons, an increase of 27.7%; plastics in primary forms 1383 million tons, up 26.6%; unwrought copper and copper products 2.643 million tons, an increase of 75%.

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