According to customs statistics, in the first quarter of 2014, the national import and export is 5.9 trillion yuan, fell by 3.7% year-on-year. Among them, the export is 3 trillion yuan, down 6.1%; Imports is 2.9 trillion yuan, down 1.2%; Surplus is 102.8 billion yuan, narrowed by 60.9%.
The mainly features in the first quarter of the foreign trading:
Firstly, keeping the trade growth with European Union, the United States, Japan, and Asean.
Secondly, the import & export of eastern region is declining, but exports is active in the central and western regions.
Thirdly, general trading is increasing, processing trading is reducing.
Fourthly, traditional labor-intensive products exports is lower than the foreign trade exports, part of the traditional competition advantage product has a good momentum of growth.
Fifthly, main commodity imports increased, import prices fell.
Written by Dora Men
