Trade Risk Alert
Release time:
2021-06-10 09:03
Source:
The head of the Foreign Trade Department of the Ministry of Commerce talks about the operation of China's foreign trade from January to May 2021: from January to May, China's foreign trade continued to grow, with the total import and export volume in RMB (the same below) of 14.76 trillion yuan, a record high in the same period. Import and export, export and import increased by 28.2, 30.1 and 25.9 respectively, the highest level in the same period in 10 years. Compared with the same period in 2019, imports and exports, exports and imports increased by 21.6, 23.6 and 19.2, respectively. The main features are as follows:
First, exports to major trading partners grew rapidly. China's exports to its major trading partners have maintained rapid growth, especially to the United States, ASEAN and the European Union, which have grown by 38.9 per cent, 29.3 per cent and 27.9 per cent respectively. Exports to the BRICS countries increased by 42.8, 12.7 percentage points higher than the overall growth rate.
Second, the proportion of exports of general trade continued to increase. The industrial foundation has become more stable and the ability of independent development has been continuously enhanced. Exports of general trade mode increased by 34.5, boosting the overall growth rate by 20.3 percentage points, accounting for 2 percentage points higher than that of the same period last year to 60.9 percent.
Third, the competitiveness of foreign trade subjects has been further enhanced. The scale of private enterprises continues to grow, and the role of foreign trade "stabilizer" is prominent. From January to May, private enterprises exported 4.53 trillion billion yuan, an increase of 39.4 percent, raising the overall growth rate by 20.7 percentage points, accounting for 3.4 percentage points higher than the same period last year to 56.3 percent.
Fourth, exports of mechanical and electrical products and labor-intensive products have maintained growth. The export of mechanical and electrical products increased by 31.9, and the proportion remained stable. Among them, the export of household appliances, auto parts and accessories, and automobiles increased by 42.6, 37.6, and 95.8, respectively. Textiles were affected by a sharp decline in mask exports, down 10.3 percent year-on-year. With the exception of textiles, exports of the other six categories of labor-intensive products increased by 40.1, 10 percentage points higher than the overall growth rate.
Fifth, the rise in the prices of some commodities has boosted the growth rate of imports. From January to May, iron ore, copper, refined oil, soybeans, steel, and crude oil rose by 62.7, 35.1, 22.1, 18.7, 9.8, and 9.1, respectively. Price factors combined to increase import growth by 5.7 percentage points.
From January to May, excluding the influence of last year's low base factor, China's import and export still maintained a rapid growth, showing a strong resilience to foreign trade development.
At present, the new crown epidemic is still spreading around the world, and the external environment facing China's foreign trade development is still complex and severe. We pay close attention to the difficulties and challenges faced by foreign trade enterprises in raw material prices, exchange rate fluctuations, sea freight, etc., and will continue to work with local and relevant departments to implement comprehensive policies to promote solutions. (Ministry of Commerce website)
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The company was founded in 1997, currently 4000 a variety of models of automobile brake discs. Products are mainly exported to Europe, North America, South America, Australia and other countries and regions. At present to SAIC, JAC, BYD, Jinlong, Yutong and other domestic models to provide supporting. The company's process equipment strength, Japan's new east automatic casting line 6, commercial vehicle brake disc automatic casting line 2. There are 56 processing lines -6 full-automatic one-word processing lines and 30 robot processing lines. Packaging cleaning line 5, spraying line 3.
Since the beginning of this year, the price of raw materials has risen sharply, sea freight has soared, and the difficulty of finding a box of shipping space has seriously plagued manufacturing companies. The current power curtailment has made companies even worse. Take our company as an example. Since the power limit in early September, the company's production capacity has dropped by about 50% on average every day. Exports have decreased by 0.02 billion yuan. The performance rate of orders in hand is about 50%. New orders were reduced by 10%. These data are the impact of the current power rationing on enterprises. If the power rationing situation is not alleviated, the impact on enterprises in the fourth quarter will be more serious.
Recently, Yunnan, Jiangsu, Qinghai, Ningxia, Guangxi, Guangdong, Sichuan, Henan, Chongqing, Inner Mongolia, Henan and other places have begun to carry out energy control measures to limit energy consumption.
The total power generation in 021 is not low. In the first half of the year, China's total power generation was 3871.7 billion kWh, twice that of the United States. At the same time, China's foreign trade has grown extremely fast this year. According to data recently released by the General Administration of Customs, in August, the total value of my country's foreign trade imports and exports was 3.43 trillion billion yuan, a year-on-year increase of 18.9 percent, achieving positive year-on-year growth for 15 consecutive months, further showing a steady and solid trend. In the first eight months, the total value of China's foreign trade imports and exports was 24.78 trillion billion yuan, up 23.7 percent year-on-year and 22.8 percent over the same period in 2019.
The impact of the neo-coronary pneumonia epidemic on global supply chains continues, with high international freight rates, container shortages and terminal congestion still unabated, and labor shortages exacerbating the dilemma. The outbreak of the new coronary pneumonia epidemic in 2020, due to the obstruction of international freight, soaring transportation costs, international trade in goods greatly hindered, triggering a supply chain crisis in many countries (regions), since 2021, the new coronary pneumonia virus variant strain raging, so that the supply chain has not yet fully recovered.
Statistics from the China Association of Automobile Manufacturers show that in the first seven months of 2021, China's cumulative automobile exports reached 1.002 million, an increase of 1.2 times year-on-year, but the month-on-month growth was only 9.8 percent, showing a shrinking trend. Moreover, commercial vehicle exports fell 11.6 percent month-on-month, of which new energy commercial vehicle exports fell 57.8 percent month-on-month. It is said that the main reason for the decline in automobile exports is the poor shipping channels.
Product recommend
At present, 4000 a variety of models of automobile brake discs, brake drums with an annual output of 10 million pieces. Products are mainly exported to Europe, North America, South America, Australia and other countries and regions. At present to SAIC, JAC, BYD, Jinlong, Yutong and other domestic models to provide supporting.
At present, 4000 a variety of models of automobile brake discs. Products are mainly exported to Europe, North America, South America, Australia and other countries and regions. At present to SAIC, JAC, BYD, Jinlong, Yutong and other domestic models to provide supporting.
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