China's foreign trade faces four major unfavorable factors

Drying equipment At the news conference on the import and export of the first quarter of 2013 held by the China New Zealand Office on April 10, Zheng Yuesheng, a spokesperson for the General Administration of Customs and a director of the Integrated Statistics Division, said that China’s foreign trade still faces many uncertainties in 2013. However, on the whole, the situation may be slightly better than 2012, and the total value of foreign trade will recover slightly from 2012.


According to preliminary statistics from the customs, imports of some energy and resource products decreased in the first quarter. Among them, imported crude oil was 68.97 million tons, down 2.3% year-on-year; imported refined oil was 10.43 million tons, down 3.4% year-on-year. On the export side, crude oil exported in the first quarter was 640,000 tons, a year-on-year decrease of 31.9%; and refined oil exports amounted to 7.28 million tons, an increase of 20.2% over the same period last year. In addition, fertilizer imports 2.31 million tons, a year-on-year decrease of 6.8%; pesticide imports 2.27 million tons, an increase of 10%; ABS resin imports 353200 tons, a year-on-year decrease of 14%; imports of 415,000 tons of polyester chips, a year-on-year decrease of 14.2%; The import of rubber was 630,000 tons, a year-on-year increase of 31.7%. The export of plastic products was 1.928 million tons, an increase of 6.5% over the same period of last year.


Zheng Yuesheng said that the unfavorable factors faced by China's import and export trade this year are mainly four aspects. First, there has been no sign yet of a steady increase in external market demand. From the indicators of unemployment rate, consumer confidence index, manufacturing purchasing managers index, the U.S. economic growth momentum performed well. Japan has just shown signs of recovery, but deflationary pressure is very high, and the EU’s stable recovery will take some time. As the possibility of fundamental improvement in demand in major developed markets is small, the driving force for global trade growth is still insufficient.


Second, the operating costs of domestic companies are still high. On the one hand, the price of labor is on the rise. On the other hand, factors such as the appreciation of the renminbi and the difficulty of financing have also made the operating costs of China's foreign trade companies, especially small and medium-sized enterprises, operate at a high level.


Third, the international competitiveness of neighboring countries has increased. On the whole, the share of some of our products in the developed markets has declined, especially in the Japanese and EU markets, and many of these shares have been occupied by some of the surrounding countries.


Fourth, the trade environment has become increasingly complex. For 17 consecutive years, China has become the country that suffers the most trade friction in the world. At the same time, some countries use restrictive measures to control the export of high-tech products or resource products, which will also have an impact on China's expansion of imports.

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