In the first quarter, the total import and export volume of the country was US$617.8 billion, up 44.1% year-on-year; of which, exports were US$316.2 billion, up 28.7%; imports were US$301.7 billion, up 64.6%; and trade surplus was US$14.5 billion, down 76.7%.
Import growth continued to be faster than exports in the month, showing a trade deficit. In March, the total import and export volume of the country was 231.5 billion US dollars, up 27.6% from the previous month and up 42.8% year on year. Among them, the export was 112.1 billion US dollars, up 18.6% from the previous month and up 24.3% year on year. The import was 119.3 billion US dollars, up 37.3% from the previous month. 66%; trade deficit of $7.2 billion, the first deficit since May 2004.
The volume of imports and exports of steel increased significantly. In the first quarter, imported steel was 4.11 million tons, up 27.3% year-on-year; steel exports were 8.71 million tons, up 69.5%; steel and billet imports and exports equivalent to crude steel net exports were about 4.74 million tons, up 4.2 times. In March, imported steel was 1.63 million tons, up 28.3%; export steel was 3.33 million tons, up 99.4%; equivalent to crude steel net export was about 1.73 million tons (up 340,000 tons from last month).
Imports of crude oil and iron ore continued to grow. In the first quarter, crude oil imports were 56.68 million tons, up 39% year-on-year, of which 28.9% in March; iron ore imports were 155.03 million tons, up 18%; of which, imports were 59.01 million tons in March (up 9.63 million tons from last month). Increased by 13.5%.
Imports of major non-ferrous metal products have increased. In the first quarter, the import of unwrought copper and copper was 1.07 million tons, up 14.2% year-on-year, of which 21.8% was increased in March; alumina was 1.59 million tons, up 55.2%, of which 82.1% was increased in March; unwrought aluminum and aluminum 25.7 Ten thousand tons, affected by the higher base in the same period last year, decreased by 2.5% year-on-year, of which 35.4% fell in March.
Exports of textile products continued to grow. In the first quarter, exports of textiles, clothing and footwear increased by 26.6%, 9.1% and 13.8% respectively, luggage increased by 15.4%, and plastic products, lamps, toys and furniture increased by 20.6%-24.1%. Exports reflected the impact of lagging factors. In March, exports of luggage, clothing and footwear decreased by 6.5%-19.8%.
(The data in this article is from the General Administration of Customs or based on this calculation)
Import growth continued to be faster than exports in the month, showing a trade deficit. In March, the total import and export volume of the country was 231.5 billion US dollars, up 27.6% from the previous month and up 42.8% year on year. Among them, the export was 112.1 billion US dollars, up 18.6% from the previous month and up 24.3% year on year. The import was 119.3 billion US dollars, up 37.3% from the previous month. 66%; trade deficit of $7.2 billion, the first deficit since May 2004.
The volume of imports and exports of steel increased significantly. In the first quarter, imported steel was 4.11 million tons, up 27.3% year-on-year; steel exports were 8.71 million tons, up 69.5%; steel and billet imports and exports equivalent to crude steel net exports were about 4.74 million tons, up 4.2 times. In March, imported steel was 1.63 million tons, up 28.3%; export steel was 3.33 million tons, up 99.4%; equivalent to crude steel net export was about 1.73 million tons (up 340,000 tons from last month).
Imports of crude oil and iron ore continued to grow. In the first quarter, crude oil imports were 56.68 million tons, up 39% year-on-year, of which 28.9% in March; iron ore imports were 155.03 million tons, up 18%; of which, imports were 59.01 million tons in March (up 9.63 million tons from last month). Increased by 13.5%.
Imports of major non-ferrous metal products have increased. In the first quarter, the import of unwrought copper and copper was 1.07 million tons, up 14.2% year-on-year, of which 21.8% was increased in March; alumina was 1.59 million tons, up 55.2%, of which 82.1% was increased in March; unwrought aluminum and aluminum 25.7 Ten thousand tons, affected by the higher base in the same period last year, decreased by 2.5% year-on-year, of which 35.4% fell in March.
Exports of textile products continued to grow. In the first quarter, exports of textiles, clothing and footwear increased by 26.6%, 9.1% and 13.8% respectively, luggage increased by 15.4%, and plastic products, lamps, toys and furniture increased by 20.6%-24.1%. Exports reflected the impact of lagging factors. In March, exports of luggage, clothing and footwear decreased by 6.5%-19.8%.
(The data in this article is from the General Administration of Customs or based on this calculation)
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