In the first quarter, China’s textile foreign trade grew steadi

May 15, 2020

In the first quarter, China’s textile foreign trade grew steadi According to customs statistics, from January to April, the total value of China's imports and exports was 8.36 trillion yuan (equivalent to 1,313.75 billion U.S. dollars), and the deduction of the exchange rate factor increased by 14% year-on-year.

Customs statistics show that China’s total value of imports and exports in April was 2.23 trillion yuan (equivalent to 355.96 billion U.S. dollars), deducting exchange rate factors, an increase of 15.7%.

General trade and processing trade grew steadily. In the first four months, China’s general trade imports and exports totaled 667.89 billion U.S. dollars, an increase of 8.2%. During the same period, China's processing trade imports and exports 435 billion US dollars, an increase of 5.4%.

In bilateral trade with major trading partners, trade with the EU and Japan declined, and trade with the United States and ASEAN grew steadily.

Customs statistics show that total imports and exports accounted for 80% in seven provinces and cities such as Guangdong and Jiangsu. Exports in the central and western regions are active.

In the first four months, foreign-invested enterprises imported and exported USD 593.36 billion, an increase of 1.4%, which was lower than the overall growth rate of foreign trade of 12.6%. During the same period, private companies’ exports and imports reached US$433.6 billion, an increase of 51.7%, which was 37.7 percentage points higher than the overall growth rate of foreign trade and accounted for 32.6% of China’s total value of foreign trade.

Among export commodities, the growth of traditional labor-intensive products has increased significantly. According to statistics, in the first four months, garment exports reached 47.94 billion U.S. dollars, an increase of 20%; textiles accounted for 32.22 billion U.S. dollars, an increase of 11.7%; footwear reached 14.94 billion U.S. dollars, an increase of 20.5%.

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