The export value of plastic products decreased in January-February

In February, China’s total import and export value was 1.43 trillion yuan, down 15.7%. Among them, exports were 821.8 billion yuan, down 20.6%; imports were 61.23 billion yuan, down 8%; trade surplus was 209.5 billion yuan, narrowing 43.3%.

Export situation:

From January to February, China exported 1.48 million tons of plastic products , down 7.9% year-on-year; the export value was 34.95 billion yuan, down 11.0% year-on-year. In February, the export volume was 580,000 tons, down 21.6% year-on-year; the export value was 13.28 billion yuan, down 25.7% year-on-year.

Import status:

From January to February, China imported 3.61 million tons of primary plastics, down 4.7% year-on-year; the import value was 36.81 billion yuan, down 10.8% year-on-year. In February, the import volume was 1.6 million tons, up 1.9% year-on-year; the import value was 16.38 billion yuan, down 2.3% year-on-year.

From January to February, China imported 770,000 tons of natural and synthetic rubber (including latex), a year-on-year increase of 23.5%; the import value was 6.84 billion yuan, down 0.7% year-on-year. In February, imports were 310,000 tons, up 14.8% year-on-year; the import value was 2.79 billion yuan, down 5.1% year-on-year.

In the first two months, China's foreign trade import and export mainly showed the following characteristics:

First, the proportion of general trade exports has increased. In the first two months, China’s general trade import and export was 1.87 trillion yuan, down 12.8%, accounting for 56.5% of my total foreign trade. Of this total, exports were 1.12 trillion yuan, down 12.6%; imports were 753.27 billion yuan, down 13.2%, and the trade surplus was 363 billion yuan, narrowing 11.3%.

Second, the import and export of major trading partners declined. In the first two months, the EU was China's largest trading partner. The total trade value of China and the EU was 516.06 billion yuan, down 9.7%, accounting for 15.6% of China's total foreign trade. Among them, China’s exports to the EU were 336.84 billion yuan, down 10.7%; imports from the EU were 179.22 billion yuan, down 7.7%; trade surplus with Europe was 157.62 billion yuan, narrowing 13.9%. The United States is China's second largest trading partner. The total trade value between China and the United States is 471.14 billion yuan, down 12.2%, accounting for 14.2% of China's total foreign trade. Among them, China’s exports to the United States were 352.6 billion yuan, down 10.9%; imports from the United States were 118.54 billion yuan, down 15.8%; trade surplus with the United States was 234.06 billion yuan, narrowing 8.2%.

Third, the proportion of private enterprises import and export increased. In the first two months, the import and export of private enterprises was 1.29 trillion yuan, a decrease of 7.3%, accounting for 38.8% of China's total foreign trade, an increase of 2.2 percentage points over the same period last year. Among them, exports were 928.24 billion yuan, down 10.2%, accounting for 47.3% of the total export value; imports were 357.9 billion yuan, up 1.2%, accounting for 26.6% of the total value of imports.

4. Exports of traditional labor-intensive products such as mechanical and electrical products, textiles and clothing declined. In the first two months, China's exports of mechanical and electrical products reached 1.11 trillion yuan, down 12.2%, accounting for 56.6% of the total value of exports. Among them, the export of electrical and electronic products was 487.3 billion yuan, down 7.2%; the mechanical equipment was 32.52 billion yuan, down 12.6%. In the same period, the total exports of clothing, textiles, footwear, furniture, plastic products, luggage, toys and other seven labor-intensive products totaled 434.79 billion yuan, down 12.4%, accounting for 22.1% of the total export value.