China News network December 17, according to the Ministry of Commerce website news, the Ministry of Commerce held a regular conference today, Ministry of Commerce spokesman Shen Danyang introduced at the meeting, affected by the decline in commodity prices, China's demand weakening and other factors, imports are still running at a low level.

Data show that according to customs statistics, from January to November 2015, China's imports and exports were 3,565.53 billion US dollars, down 8.5% year-on-year, of which exports were 2,052.32 billion US dollars, down 3% year-on-year, and imports were 1,513.21 billion US dollars, down 15.1% year-on-year. In November, China's import and export volume was 340.39 billion US dollars, down 7.6 percent. Exports were 1,972.4 US dollars, down 6.8 percent, and imports were 143.14 billion US dollars, down 8.7 percent.

Shen Danyang pointed out that the operation of foreign trade from January to November mainly showed the following characteristics:

First, from the perspective of trade mode, general trade exports maintained growth and the proportion increased. From January to November, general trade exports were 1,099.9 billion US dollars, up 1.1%, accounting for 53.6% of foreign trade exports, 2.2 percentage points higher than the same period last year; And the export of processing trade was 720.1 billion US dollars, down 9.7 percent, accounting for 35.1 percent, down 2.6 percentage points over the same period last year.

Second, in terms of major products, the export of mechanical and electrical products maintained growth, while the export of labor-intensive products declined. From January to November, the export of mechanical and electrical products reached 1,181.5 billion US dollars, up 0.2% year on year, accounting for 57.6% of foreign trade exports, an increase of 1.8 percentage points. Among them, the export of mobile phones, ships and lamps increased by 11.7 percent, 12.6 percent and 14.9 percent, respectively. Exports of seven categories of labor-intensive products fell 3.3 percent year on year to $426.76 billion, with textiles, clothing and shoes down 2.6 percent, 7.7 percent and 5.4 percent, respectively.

Third, from the perspective of business entities, the export of private enterprises maintained growth. From January to November, the export of private enterprises reached 921.6 billion US dollars, a year-on-year increase of 1.2 percent, accounting for 44.9 percent of foreign trade exports, 1.8 percentage points higher than that of the same period last year; Foreign-funded enterprises exported $911.2 billion, down 6.2 percent year on year, while state-owned enterprises exported $219.5 billion, down 5.7 percent. Fourth, imports are still operating at a low level due to falling commodity prices and weakening demand in China. From January to November, China's imports of 11 major commodities, including crude oil, iron ore, plastics, soybeans, refined oil products, natural gas, paper pulp, grains and copper concentrate, increased and fell in price, reducing foreign exchange payments by more than US $182 billion (about 1.15 trillion yuan), significantly lowering production costs and improving efficiency of Chinese enterprises.

Fifth, from the perspective of international comparison, China's export performance is still better than that of the world's major economies and emerging markets. According to the monthly statistics of the WTO, from January to September, the export value of global trade in goods fell by 11.1%, and the exports of the United States, the European Union, Japan, the Republic of Korea, India, South Africa and Brazil fell by 6.2%, 12.8%, 9.2%, 6.6%, 16.6%, 7.9% and 16.8% respectively. China's market share increased from 12.4 percent at the end of 2014 to about 13 percent. China will remain the world's largest trading country.

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