China News network January 13, The State Council Information Office held a press conference today on imports and exports in 2015. Huang Songping, spokesman for the General Administration of Customs, said that the total value of China's imports and exports of goods in 2015 was 24.59 trillion yuan, down 7% from 2014. In December last year, China's foreign trade export leading index was 31.2, down 0.8 from November, indicating that China's export pressure is still large in the first quarter of this year.

Huang Songping pointed out that in 2015, the overall global economic recovery is weak, the prospect is difficult and tortuous, China's economy is under great downward pressure, and the development of foreign trade has entered a new normal. According to customs statistics, the total value of China's import and export of goods in 2015 was 24.59 trillion yuan, down 7 percent from 2014. Among them, the export value was 14.14 trillion yuan, down by 1.8 percent; Imports were 10.45 trillion yuan, down 13.2 percent; And trade surplus was 3.69 trillion yuan, up 56.7 percent.

Huang Songping said that in the complex and grim situation, the development of foreign trade still showed some positive changes and bright spots, mainly in the following aspects:

First, the way of trade is more reasonable. Under the vigorous promotion of the relevant measures of "steady growth and structural adjustment" of The State Council, China's general trade import and export value in 2015 was 13.29 trillion yuan, down 6.5%, accounting for 54% of the total import and export value, accounting for 0.3 percentage points higher than that of the previous year; Among them, export increased by 2.2%.

Second, positive progress was made in diversifying our trading partners. In 2015, the EU, the US and ASEAN were China's top three trading partners, with bilateral trade worth 3.51 trillion yuan, 3.47 trillion yuan and 2.93 trillion yuan respectively. In the same period, China's trade with ASEAN, India and other emerging markets performed relatively well. Bilateral trade with ASEAN decreased slightly by 0.6% and increased by 2.5% with India, both of which were better than the overall import and export performance.

Third, the foreign trade of private enterprises showed vitality. In 2015, the import and export of private enterprises in China reached 9.1 trillion yuan, down slightly by 0.2%, accounting for 37% of the total value of imports and exports, up by 2.5 percentage points. In particular, exports increased by 3.1 percent.

Fourth, the mix of export commodities was further improved. In 2015, China's export of mechanical and electrical products reached 8.15 trillion yuan, an increase of 1.2 percent, accounting for 57.7 percent of the total export value, an increase of 1.7 percentage points over the previous year. In the same period, the export value of seven categories of labor-intensive products, including textiles, clothing, luggage, shoes, toys, furniture and plastic products, was 2.93 trillion yuan, down 1.7 percent, accounting for 20.7 percent of the total export value. Among them, the export of toys, furniture, bags and plastic products maintained growth.

Fifth, the import volume of some bulk commodities maintained growth, and the terms of trade further improved. In 2015, China's import volume of some bulk commodities kept increasing. Among them, 953 million tons of iron ore were imported, up 2.2 percent; And 334 million tons of crude oil, up 8.8 percent. China's import prices overall fell 11.6 percent during the same period. Among them, the prices of commodities such as iron ore, crude oil, refined oil, soybeans, coal and copper fell more deeply. During the same period, China's export prices overall fell by 1 percent, a much smaller decline than the overall decline in import prices during the same period. It is estimated that the price terms index of China's trade in 2015 was 112.1, indicating that a certain amount of goods exported by China can be exchanged for 12.1% more imported goods, which means that China's trade price terms have significantly improved and the benefits of foreign trade have increased.

At the same time, Huang Songping said that there are still some difficulties in the development of China's foreign trade. For example, in 2015, China's bilateral trade with the EU and Japan fell by 7.2 percent and 9.9 percent, respectively. The import and export of foreign-invested enterprises and state-owned enterprises fell by 6.5 percent and 12.1 percent respectively; And the import and export of processing trade fell 10.6 percent. In December 2015, the export leading index of China's foreign trade was 31.2, down 0.8 from November, indicating that China's export pressure is still relatively high in the first quarter of this year.

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