China’s Plastic Products Export Rose by 19.6% in the First Seven Months in 2017

According to the latest statistics by the General Administration of Customs P.R.China, by the end of the first seven months in 2017, total import and export value of China’s trade in goods in yuan-denominated terms reached15.46 trillion (the same below), increase 18.5% comparing with the same period of last year, and ELI(China Export Leading Index) increased month over month. In July, the leading index was 41.9, which increased by 0.4 from last month. Among them, exports reach up to 8.53 trillion with a growth rate of 14.4%; while imports increased 24% to 6.93 trillion  . The trade surplus was 1.6 trillion, narrowing by 14.5%.

In July, China’s import and export total value stood at 3.32 trillion, up 12.7%. The exports was 1.32 trillion, increased 11.2%, while the import was 1 trillion, rose 14.7%. The trade surplus increased 1.4% and reach 321.2 billion.

There presents several features about China’s import and export trade in the last seven months:

Mechanical and electrical products and traditional labor-intensive products still lead the exports. China’s mechanical and electrical exports reach 4.87 trillionwith growth rate of 14.2%. Among this, plastic products share 151.87 billion up 19.6%; the elect applicants and electronics got 2.12 trillion, up 11.2%.

Over the same period, 7 categories of labor-intensive products including clothing, textiles, furniture, shoes, plastic products, bags, toys totaled 1.77 trillion, increasing 12.3%, which account for 20.7%.

The imports of iron ore, crude oil and natural gas have risen sharply.

China’s imports of the primary shape of plastic was 15.98 million tons, increase by 11.2%, and the average price was 11.6 thousand per ton, up 11.9%. The imports of crude oil was 247 million tons, up 13.6%.

In addition, import of mechanical and electrical products reach 3.08 trillion, with an increase of 14.7%, involoved  690,000 vehicles, which  increased22%.

Origin: 21cp.com