• Sunday, February 17, 2019

China's January trade data comes in much stronger than expected

Discussion in 'China & Far East' started by beijingwalker, Feb 14, 2019 at 8:51 AM.

  1. beijingwalker

    beijingwalker ELITE MEMBER

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    China's January trade data comes in much stronger than expected
    • China reports imports, exports data for the month of January amid a trade row with the U.S.
    Published 35 Mins Ago

    China on Thursday reported imports and exports data for December that easily topped expectations amid its trade dispute with the U.S.

    That better-than-expected news comes a month after China's customs data showed imports and exports both fell unexpectedly in December.

    January dollar-denominated imports fell 1.5 percent, which was far better than expectations of a 10 percent decline from a year earlier, according to economists in a Reuters poll.

    January dollar denominated exports meanwhile rose 9.1 percent from a year ago, according to Chinese customs data. China's exports in January were expected to have contracted 3.2 percent from a year earlier, compared with the previous month's 4.4 percent decline.

    China's overall trade surplus was $39.16 billion in January. That easily topped the $33.5 billion expected, according to the Reuters poll. December trade surplus was $57.06 billion.

    China's closely watched trade surplus with the U.S. fell to $27.3 billion in January, from $29.87 billion in December.

    However, analysts say data from China in the first two months of the year must be treated with caution due to business distortions caused by the timing of the week-long Lunar New Year public holiday, which fell in mid-February in 2018 but started on Feb. 4 this year.

    All of this comes amid the ongoing U.S.-China trade war. A new round of talks between the American and Chinese negotiators began in Beijing this week as the world's two largest economies renewed efforts to reach a trade deal.

    Negotiators are trying to reach a deal ahead of a March 1 deadline when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.

    Chinese President Xi Jinping will meet with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer on Friday, the South China Morning Post reported.

    https://www.cnbc.com/2019/02/14/chi...orts-beijing-reports-china-economic-data.html
     
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  2. beijingwalker

    beijingwalker ELITE MEMBER

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    China's trade surplus with US falls but overall trade surplus hike big time, there's plenty of places on this planet for China to make money.
     
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  3. cirr

    cirr ELITE MEMBER

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    In yuan terms, China's Jan. exports to the US rise 1.9% and imports from the US fall 38.6%, producing a 31.2% hike in surplus.

    1月份我国自美进口下降38.6% 对美贸易顺差扩大31.2%

    2019-02-14 11:57:13字号:A- A A+来源:观察者网

    海关统计显示,今年1月份,我国货物贸易进出口总值2.73万亿元人民币,比去年同期(下同)增长8.7%。其中,出口1.5万亿元,增长13.9%;进口1.23万亿元,增长2.9%;贸易顺差2711.6亿元,扩大1.2倍。对美国出口2521.1亿元,增长1.9%;自美国进口637.1亿元,下降38.6%;对美贸易顺差1884亿元,扩大31.2%。

    据海关总署官网2月14日消息,按美元计价,1月份,我国进出口总值3959.8亿美元,增长4%。其中,出口2175.7亿美元,增长9.1%;进口1784.1亿美元,下降1.5%;贸易顺差391.6亿美元,扩大1.1倍。

    一般贸易快速增长且比重提升。1月份,我国一般贸易进出口1.66万亿元,增长13%,占我外贸总值的60.9%,比去年同期提升2.3个百分点。其中,出口8963亿元,增长20.9%;进口7660亿元,增长5%;贸易顺差1303亿元,扩大10倍。同期,加工贸易进出口6807亿元,下降0.9%,占24.9%,下滑2.4个百分点。其中,出口4358.6亿元,增长3%;进口2448.4亿元,下降7%;贸易顺差1910.2亿元,扩大19.5%。此外,我国以保税物流方式进出口2797.3亿元,增长9.3%,占我外贸总值的10.2%。其中,出口906.9亿元,增长13.9%;进口1890.4亿元,增长7.2%。

    对欧盟、东盟和日本等主要市场进出口增长,对“一带一路”沿线国家进出口增速高于整体。1月份,中欧贸易总值4448.4亿元,增长17.6%,占我外贸总值的16.3%。其中,我对欧盟出口2665亿元,增长20.5%;自欧盟进口1783.4亿元,增长13.5%;对欧贸易顺差881.6亿元,扩大37.7%。我与东盟贸易总值为3566亿元,增长7.8%,占我外贸总值的13.1%。其中,我对东盟出口2034.6亿元,增长17.6%;自东盟进口1531.4亿元,下降3%;对东盟贸易顺差503.2亿元,扩大2.3倍。中美贸易总值为3158.2亿元,下降10.1%,占我外贸总值的11.6%。其中,我对美国出口2521.1亿元,增长1.9%;自美国进口637.1亿元,下降38.6%;对美贸易顺差1884亿元,扩大31.2%。中日贸易总值为1853.4亿元,增长6.5%,占我外贸总值的6.8%。其中,对日本出口906.4亿元,增长10.3%;自日本进口947亿元,增长3%;对日贸易逆差40.6亿元,收窄58.4%。同期,我对“一带一路”沿线国家合计进出口7708亿元,增长11.5%,高出全国整体增速2.8个百分点,占我外贸总值的28.2%,比重提升0.7个百分点。

    民营企业进出口两位数增长且比重提升。1月份,民营企业进出口1.15万亿元,增长17%,占我外贸总值的42.3%,比去年同期提升3个百分点。其中,出口7773.6亿元,增长21.9%,占出口总值的51.8%;进口3776.2亿元,增长7.9%,占进口总值的30.7%。同期,外商投资企业进出口1.09万亿元,增长2.2%,占我外贸总值的40.1%。其中,出口5764.7亿元,增长5.7%;进口5180.9亿元,下降1.5%。此外,国有企业进出口4698.2亿元,增长6%,占我外贸总值的17.2%。其中,出口1456.4亿元,增长8.3%;进口3241.8亿元,增长5%。

    机电产品和劳动密集型产品出口均增长。1月份,我国机电产品出口8575.1亿元,增长11.5%,占出口总值的57.1%。其中,电器及电子产品出口3815.1亿元,增长8.7%;机械设备2460.3亿元,增长13.6%。同期,服装出口941.5亿元,增长9.7%;纺织品787.3亿元,增长19.7%;家具381.8亿元,增长18.9%;鞋类356.2亿元,增长14.2%;塑料制品299.3亿元,增长29.4%;箱包180.2亿元,增长21.4%;玩具158.1亿元,增长37.9%;上述7大类劳动密集型产品合计出口3104.4亿元,增长17.4%,占出口总值的20.7%。此外,钢材出口619万吨,增加33.3%;汽车9万辆,增加16.3%。

    原油、天然气等商品进口量增加,铁矿砂、大豆进口量减少,大宗商品进口均价涨跌互现。1月份,我国进口铁矿砂9126万吨,减少9.1%,进口均价为每吨511.3元,上涨7.4%;原油4260万吨,增加5.1%,进口均价为每吨3021.1元,下跌3.1%;煤3350万吨,增加19.5%,进口均价为每吨576.4元,上涨3.6%;大豆738万吨,减少13%,进口均价为每吨3101.5元,上涨12.1%;天然气981万吨,增加26.8%,进口均价为每吨3416.2元,上涨30.8%;成品油338万吨,增加17.5%,进口均价为每吨3681.7元,上涨4.1%;初级形状的塑料315万吨,增加7.4%,进口均价为每吨1.04万元,下跌7.3%;钢材118万吨,减少1%,进口均价为每吨8178.3元,下跌0.6%;未锻轧铜及铜材48万吨,增加8.2%,进口均价为每吨4.49万元,下跌8.5%。此外,机电产品进口5196.3亿元,下降1.6%;其中集成电路324.2亿个,减少9.7%,价值1600.2亿元,下降3.5%;汽车8万辆,减少12.3%,价值278.2亿元,下降1%。
     
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  4. beijingwalker

    beijingwalker ELITE MEMBER

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    Now the developing world is experiencing the fastest growth durning the whole history, the share that the west accounts for the global economy is shrinking by the day and will become irrelevant in the future. China is lucky to hit the best time as the world manufacturer selling products all across the world.
     
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  5. Dungeness

    Dungeness SENIOR MEMBER

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    'Trade wars are good, and easy to win'—————Donald J. Trump
     
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  6. qwerrty

    qwerrty SENIOR MEMBER

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    according to 'murican media, the US is winning. tariff man's trade war is working and easy to win even though china's trade surplus with US is higher than last year. so much winning.. :enjoy:
     
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  7. TaiShang

    TaiShang ELITE MEMBER

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    China's qualitative move toward high-value added manufacturing pays off. I think we will be seeing the trend to continue.

    The US regime is not against the bulk of goods China exports, but the content of it. As China starts to exports high-value, innovation driven goods, then, the US gets panicked.

    Yet, trade war is not the right way to fight a qualitatively growing economy.
     
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  8. oprih

    oprih SENIOR MEMBER

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    The murican cheeks are dark red already because of the routine bitchslaps that China gives then.