Changchun Customs: Private Enterprises’ Foreign Trade up against Trend of Recession, EU Remains Largest Trading Partner

Updated : 2020-07-31Source : CCFAO
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The first-half-year economic data of Jilin Province was released lately according to which the economy of whole province had already been on the trend of stable recovery, and most indicators proved better than the average on a national scale. The Information Office of the People’s Government of Jilin Province held a press conference on the report of imports and exports of Jilin Province in the first half year Tuesday morning on July 28, 2020.  

 

The total value of imports and exports is 0.6 percentage point higher than that of the whole country.  

 

According to Xie Bing, Deputy Director of Changchun Customs, the foreign trade volume of Jilin province amounted to RMB62.19 billion in the first half of this year, down 2.6% year on year but 0.6 percentage point higher than the average of the whole country (a drop of 3.2% on a national scale). The decline in foreign trade of Northeast China was the lowest, and its growth ranked the 12th nationwide. The value of exports totaled RMB14.68 billion, a drop of 8.9%, and that of imports was RMB47.51 billion, down 0.4%. 

 

Four characteristics in foreign trade appeared in the first half of this year.  

 

The proportion of general trade of imports and exports continued to grow. The amount of general trade of imports and exports reached RMB54.75 billion, up 0.4%, accounting for 88% of the total of Jilin Province with an increase in proportion of 2.6 percentage points compared with that over the same period last year. The amount of processing trade totaled RMB4.55 billion, up 1.7%. The imports and exports of bonded logistics reached RMB2.26 billion, a drop of 22.4%. 

 

The markets of imports and exports mainly included the European Union, Japan, ASEAN, ROK, Mexico, the United States and Russia. The imports and exports from and to Japan increased rapidly, with a total of RMB6.88 billion, up 33.1%, accounting for 11.1% of the total of the province. The value on upward trend also included that from and to Mexico of RMB2.46 billion, an increase of 5.7%, and that from and to the United States of RMB2.31 billion, up 1.4%. The EU remained the largest trading partner, with a total of RMB32.24 billion, down 4.9%, accounting for 51.8% of the total of the province. The value of imports and exports from and to ASEAN was RMB3.25 billion, down 0.9%, that from and to ROK reached 3.23 billion, a drop of 2.8% and that from and to Russia, RMB2.28 billion, down 13.2%. In addition, the imports and exports with the countries included in the “Belt and Road” Initiative amounted to RMB17.62 billion, a drop of 6.4%. 

 

The imports and exports of private enterprises increased against the trend of recession, with a more conspicuous role in the steady growth of foreign trade in the first half of the year. The value of imports and exports of private enterprises reached RMB13.69 billion, an increase of 3.2%, accounting for 22% of the total of the province, or an increase of 1.2 percentage points over the same period last year. The value of imports and exports of foreign-invested enterprises reached RMB30.99 billion, accounting for 49.8%, and that of state-owned enterprises was RMB17.22 billion, accounting for 27.7%. 

 

Mechanical, electrical and agricultural products constituted the major imported and exported commodities among which the value of agricultural imports and exports increased rapidly. In the first half of this year, the value of agricultural exports totaled RMB3.82 billion, an increase of 6.8%, including RMB710 million for fresh and dry fruits and nuts, up 48.9%, RMB450 million for aquatic products, an increase of 2.1%, and RMB380 million for grain, up 24.3%. The value of imports reached RMB2.8 billion, an increase of 36.1%, including RMB1.63 billion for corn, an increase of 2.1 times.