Exports of labor-intensive products such as clothing bags are growing well

- Apr 03, 2019-

Business News Agency February 21st Recently, the Ministry of Commerce held a regular press conference to inform the business operations in January, the Ministry of Commerce spokesperson Shen Danyang made a detailed report on China's business operations in January 2014, he said, 2014 In the beginning of the year, there is a joy in China's market operation and foreign trade. The export of traditional labor-intensive products is growing, with the growth of clothing and footwear.

Shen Danyang introduced that the national import and export in January was 2.34 trillion yuan, a year-on-year increase of 7.3%. Among them, exports were 1.27 trillion yuan and imports were 1.07 trillion yuan, up 7.6% and 7% respectively year-on-year; the surplus was 194.85 billion yuan, an increase of 11% year-on-year.

From the data point of view, foreign trade exports achieved rapid growth in January this year. Shen Danyang said that its rapid growth was mainly driven by three reasons: First, the economic recovery of developed countries, and second, China’s foreign trade stability policy continued to play a role. The third is the impact of seasonal factors in the Spring Festival.

From the perspective of export commodity structure, it is mainly driven by the growth of traditional consumer labor-intensive commodities. In January, the export of traditional labor-intensive products grew well, exporting 295.23 billion yuan of labor-intensive products such as textiles, clothing, luggage bags, shoes, toys, furniture and plastic products, an increase of 12.2%, higher than the export of China during the same period. The overall growth rate was 4.6 percentage points. Among them, clothing increased by 13.4%, textiles increased by 11.7%, footwear increased by 13.7%, plastic products increased by 27.6%, and luggage increased by 7% (in RMB).

From the perspective of exporting countries and regions, China's exports to the United States, the European Union, the ASEAN and other countries have grown at the same time, including the simultaneous growth of developed regions and some emerging countries, and negative growth for Hong Kong. Exports to the EU increased by 15.6%, to the United States by 7.7%, and to ASEAN by 15.2%.

From the perspective of the exporting provinces, the overall export of China's eastern regions maintained steady growth in January, and exports from the central and western regions were active. Among them, the export growth rates of Hunan, Jiangxi, Guangxi, Chongqing and Sichuan in the central and western regions were 17.1%, 60.4%, 40.9%, 23.9% and 41.2%, respectively, maintaining rapid growth.