my country’s export pressure is expected to ease in the second quarter

The General Administration of Customs recently announced my country’s foreign trade import and export situation in January 2016. According to customs statistics, the year-on-year export growth rate in January showed a negative growth trend, and the total export value to major economies such as Europe, the United States, and ASEAN has declined. In January, China’s total import and export value was 1.88 trillion yuan, down 9.8% from the same period last year. Among them, exports were 1.14 trillion yuan, a decrease of 6.6%; imports were 737.54 billion yuan, a decrease of 14.4%; the trade surplus was 406.2 billion yuan, an expansion of 12.2%. In U.S. dollars, China’s exports in January fell by 11.2% year-on-year; imports in January fell by 18.8% year-on-year; the trade surplus in January was US$63.29 billion.

Textile exports in January were US$9.45 billion, a year-on-year decrease of 2.7%; clothing exports were US$14.68 billion, a year-on-year decrease of 7.2%.

At the same time, the General Administration of Customs said that the foreign trade export leading index rebounded month-on-month. In January, China’s foreign trade export leading index was 31.7, an increase of 0.5 from December last year. It was the first month-on-month rebound since February 2015. It is initially judged that my country’s export pressure is expected to ease in the second quarter of 2016. According to online questionnaire survey data, my country’s export managers’ index was 33.4 that month, up 0.7 from the previous month; the new export orders index and export enterprise comprehensive cost index rose by 1.6 and 0.2 to 33.3 and 29.9 respectively, and the manager’s confidence index fell by 0.4 to 35.4. my country’s export pressure is expected to ease in the second quarter

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