China Import & Export Value Up for Jan.-Feb. 2013
According to China Customs statistics data:
For January-February, China's gross import-export value reaches CNY 3.83 trillion (around USD 609.31 billion), up 14.2% year-on-year with exchange fluctuations deducted
; therein, the export value is CNY 2.05 trillion (around USD 326.73 billion), up 23.6% year-on-year, and the import value CNY 1.78 trillion (USD 282.58 billion), up 5% year-on-year; and the trade surplus amounts to CNY 277.82 billion (USD 44.15 billion), replacing a deficit of USD 4.78 billion last year.
For February alone, China's gross import-export value reaches CNY 1.65 trillion (around USD 263.49 billion), up 1% year-on-year with exchange fluctuations deducted; therein, the export value is CNY 875.12 billion (around USD 139.37 billion), up 21.8% year-on-year, and the import value CNY 778.97 billion (USD 124.12 billion), down 15.2% year-on-year; and the trade surplus amounts to CNY 96.15 billion (USD 15.25 billion), replacing a deficit of USD 31.98 billion last year.
With a seasonal adjustment employed, compared with last February, this February's gross import-export value shows an increase by 13.5%, export value up 20.6% and import value up 6.5%.
During the two months, the value from ordinary trade totaled USD 316.62 billion, up 11.5% YOY, accounting for 52% of the gross value; that of processing trade totaled USD 202.58 billion, up 7.6% YOY, accounting for 33.2% of the gross value.
Regarding the trade partners, China-EU trade increased by 3.2% YOY; China-Japan trade reduced by 8.2% YOY; China-USA trade increased by 14.8% YOY; China-ASEAN trade increased by 22% YOY; the mainland-Hong Kong trade increased by 58.7% YOY; Chinese exports to Russia and South Africa grew faster by 31.6% and 61.4% YOY respectively.
Regarding Chinese export goods, the electromechanical goods totaled USD 187.81 billion, up 20.1% YOY, accounting for 57.5% of the total export value; the labor-intensive goods such as textile, garment, bags, shoes, toys, furniture and plastics totaled USD 69.57 billion, up 40.3% YOY.
Regarding Chinese import goods, iron ores reached 120 million tons, down 1.5% YOY; coal 53.85 million tons, up 34.3% YOY; crude oil 45.93 million tons, down 2.4% YOY; oil products 7.3 million tons, up 6.1% YOY; soybeans 7.68 million tons, down 9% YOY; copper 649,000 tons, down 27.8% YOY; finished automobiles 131,000 units, down 28.8% YOY.
February's export manager index is 38.2, more by 0.7 than January, up for straight three months; therein, new export order index was 40.6, export confidence index 44.1, and exporter composite cost index 19.1; the rising indexes signal an improving export trend.
In February, the Chinese exporters telling YOY fall in their new order value accounted for 47.1%, less by 0.3 percentage point than January; 26.7% exporters told YOY growth in their new order value; and 26.2% exporters told no change therein.
The Chinese businesses of pessimism about the export situation for next 2-3 months accounted for 39.6%, less by 1.3 percentage points than January; 24.7% businesses told that they were optimistic about the situation.
The exporters telling YOY increase in composite cost accounted for 69%, less by 1.5 percentage points than January; 25.1% exporters told that their composite cost kept flat in February and 5.9% exporters told YOY slip in their February cost.
February's export manager indexes of large, medium, and small firms are respectively 41.8, 40.2, and 35.2, respectively up 1.1, up 1.8 and down 0.2 month-on-month.