In May, the export of ceramics is still difficult to predict

On June 10, the State Administration of Customs announced that the import and export data show that in May this year, the total value of China's imports and exports was 343.58 billion U.S. dollars, an increase of 14.1%. Among them, the export volume reached 181.1 billion U.S. dollars, a record high, and the growth rate also increased from 4.9% in April to 15.3%. After months of sluggish growth, this data is particularly bright and beyond the expectations of most people. According to the data, an important reason for the rebound in China's export growth in May was that some of the major export markets performed well. In the first five months, I had exported 14.4%, 14.8%, and 15.3% to the United States, ASEAN, and Russia, respectively, which together led to an increase of 4.1% in exports. In the month of May, the United States, ASEAN, and Russia increased by 23%, 28.3%, and 18.9%, respectively.

It is not difficult to see that the growth of China’s exports to the United States and emerging markets has apparently rebounded. In the first five months, China’s bilateral trade growth with the United States remained at a relatively high level of 12%, faster than the EU, Japan, and ASEAN, and played an important role in stabilizing China’s foreign trade. At the same time, the growth of new economies’ imports to China was relatively stable. There is a clear trend of recovery of external demand.

“From the external environment, foreign demand is now recovering and stabilizing,” said Huo Jianguo, dean of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce. The larger increase in exports to the United States in May was mainly due to the better recovery momentum of the US economy. In the first quarter of the year, the US economic growth rate was 1.9%, and consumer confidence increased month by month, which led to an increase in import demand.

At the same time, the effect of market diversification strategy has further manifested. Relying on the support of the China-ASEAN Free Trade Area, I have consistently maintained a relatively rapid growth in exports to emerging markets such as ASEAN, with the proportion continuing to rise.

In addition, the recent exchange rate changes in the international market are also conducive to China's foreign trade exports. In the past six months, the US dollar has appreciated a lot in the process of strengthening, and the Japanese yen has also risen in the comparison. At the same time, the exchange rate of *** has not yet experienced significant appreciation pressure. The *** has seen a slight correction. advantageous.

Compared with China’s strong rebound in trade with the United States, Japan, and other countries, the import and export situation in Europe has remained weak. Affected by the weak recovery in the European economy, although exports to the EU rose by 3.4% in the month of May, the total exports to the EU fell by 0.8% in the first five months, with exports to Germany, France and Italy falling by 3.4%, 3% and 25.1% respectively.

The reason is that the European debt crisis continues to ferment, the risk of escalation in the political situation in Greece has led to an increase in the withdrawal from the euro zone, the Spanish banking crisis has continued to develop, and the EU’s parties have increased their disagreements in the resolution of crisis resolution, leading to a sharp shock in the financial markets. Both consumer demand and demand are affected. In the first quarter, the EU economy had zero growth, and the economy of nine member states had fallen into recession. The debt crisis in Europe has not been eased to a certain extent, which has curbed the recovery of China’s foreign trade situation.