Economic Observer reporter Zhang Rui On June 9, when Liu Chunsheng, the head of Zhuhai Blueprint Controller Technology Co., Ltd., a bicycle accessories manufacturer, replied to the Economic Observer reporter about the company’s recent export-related business through WeChat, 8 of the 12 sentences ended with the words: With a “smile” expression. It’s a completely different form than he was in April.
On the same day, data released on the official website of the General Administration of Customs showed that in May, the total value of China’s imports and exports was 3.45 trillion yuan, a year-on-year increase of 9.6%. Among them, exports were 1.98 trillion yuan, a year-on-year increase of 15.3%. Looking back at April, China’s total import and export value increased by 0.1% year-on-year. Among them, exports increased by 1.9% year-on-year.
Are exports recovering in ‘retaliatory’?
“The growth of foreign trade in May indeed exceeded expectations. Due to the suppression of imports and exports caused by the impact of the previous epidemic, the rebound effect will continue in the future.” Wei Fulei, deputy director of the Yinhu New Energy Strategy Research Center of the China (Shenzhen) Comprehensive Development Research Institute, believes that this fully reflects It shows the strength of China’s manufacturing industry and the resilience of its exports.
Regarding the reasons for the “exceedingly expected” growth of exports, he pointed out that there are several factors: First, the epidemic has repeatedly impacted production and logistics this year, resulting in a backlog of orders in the early stage; second, with the resumption of work and production, logistics resumed to ensure smooth exports The third is that the effect of the policies of various national departments and local governments to stabilize foreign trade has gradually emerged, which has formed a certain impetus for import and export.
The import and export of private enterprises grew rapidly and the proportion increased
Data from the General Administration of Customs shows that in the first five months of this year, China’s total import and export value was 16.04 trillion yuan, an increase of 8.3% over the same period last year (the same below). Among them, the export was 8.94 trillion yuan, an increase of 11.4%; the import was 7.1 trillion yuan, an increase of 4.7%; the trade surplus was 1.84 trillion yuan, an increase of 47.6%.
From January to May, China’s imports and exports to major trading partners such as ASEAN, the European Union and the United States increased. During the same period, China’s total imports and exports to countries along the “Belt and Road” reached 5.11 trillion yuan, an increase of 16.8%. Among them, exports were 2.84 trillion yuan, an increase of 15.2%; imports were 2.27 trillion yuan, an increase of 18.9%.
From January to May, the import and export of private enterprises was 7.86 trillion yuan, an increase of 11.8%, accounting for 49% of China’s total foreign trade value. Among them, exports were 5.28 trillion yuan, accounting for 59% of the total export value. In the same period, the import and export of foreign-invested enterprises was 5.53 trillion yuan, an increase of 1.4%; the import and export of state-owned enterprises was 2.62 trillion yuan, an increase of 16.1%. Exports of mechanical and electrical products and labor-intensive products both increased, the import volume and price of iron ore fell, and the import volume of crude oil, coal, natural gas and soybeans decreased in price.
On June 9, Lai Xiaoxin, head of a private diaper company in Foshan, told reporters that the company’s export business in May had resumed growth, and exports were mainly to Russia, South America and Southeast Asia. He said that customer feedback showed that “materials are running out”.
In early April of this year, Liu Chunsheng told reporters that last year, due to the shortage of shipping and raw materials, customers hoarded goods, and they expected that the consumption should be similar in the second quarter of this year. “But we started to rise in late April, and May and June were very busy. We didn’t have a day off and the orders were full.”
Liu Chunsheng feels that the confidence of the company has recovered a little now, but there will still be worries later, “all are talking about the downside.” However, Liu Chunsheng said that the products produced by the company belong to the core components of bicycles, and are still relatively lacking in the overall industry. Judging from the order situation, the domestic sales of bicycles are very good from April to July, and it is expected that the export sales will be good after July.
New energy vehicles are dazzling, home appliances continue to decline
Although the total value of China’s exports of mechanical and electrical products increased year-on-year from January to May, the performance of different products varies significantly.
According to data from the General Administration of Customs, in the first five months, China exported 5.11 trillion yuan of mechanical and electrical products, an increase of 7%, accounting for 57.2% of the total export value. Among them, automobiles were 119.05 billion yuan, an increase of 57.6%; household appliances were 235.58 billion yuan, a decrease of 7.7%. “From the perspective of export products, automobiles have become the biggest bright spot.” Wei Fulei said that in the future, with the acceleration of the export of electric vehicles of domestic independent brands such as BYD, automobiles are expected to become a new growth point of China’s exports.
On June 9, data released by the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products showed that in May, the monthly export value of household appliances fell by 8.2% year-on-year, the fourth consecutive month of year-on-year decline.
On May 11, the China Chamber of Commerce for Import and Export of Machinery and Electronic Products pointed out in its survey report released during the Canton Fair from April 15 to 24 that more than 70% of home appliance companies indicated that orders on hand had declined. Since the beginning of this year, due to factors such as soaring global inflation, the high base effect in the second half of last year, and the reduction in home demand brought about by the epidemic, the growth rate of home appliance exports in the first quarter of 2022 has slowed down significantly, and the export volume of most products has declined.
On May 31, the operation of China’s purchasing managers’ index in May 2022 released by the National Bureau of Statistics also showed that in May, the manufacturing purchasing managers’ index (PMI) was 49.6%, although lower than the threshold, but up 2.2% from the previous month. percentage points, the overall economic level of the manufacturing industry has improved.
Among other related indicators of China’s manufacturing PMI, the new export orders index in May was 46.2%, close to 47.2% in March, but the production and business activity expectations index was 53.9%, close to 53.3% in April, lower than the 47.2% in March 55.7%.Return to Sohu, see more
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