Shanghai’s import and export trade volume fell for two consecutive months
Statistics released by Shanghai Customs on the 12th showed that the total foreign trade volume of the Shanghai Customs District exceeded the 600 billion U.S. dollar mark in 2008, reaching 606.56 billion U.S. dollars, an increase of 16.3% over the previous year, and the growth rate dropped by 5.3 percentage points. . However, in the last two months of 2008, as the impact of the international financial crisis increased, the import and export scale turned from increase to decrease. The total import and export volume in December was only US$43.48 billion, a decrease of 8.8%. Among them, exports were US$28.92 billion, down 1.5%; imports were US$14.56 billion, down 20.5%.
From an increase to a decrease in November and December last year
According to statistics, in 2008, the Shanghai Customs District’s exports were US$393.65 billion, an increase of 19.9%, and the growth rate dropped by 3.3 percentage points; imports were US$212.91 billion, An increase of 10.3%, the growth rate dropped by 8.7 percentage points; a cumulative trade surplus of US$180.74 billion, an increase of 33.6%. Among them, the Shanghai Customs District’s import and export maintained a rapid growth momentum in the first seven months, with a cumulative import and export of US$355.11 billion, an increase of 26.5%, and the growth rate increased by 6.4 percentage points compared with the same period last year.
However, as the international financial crisis intensified, since the Shanghai Customs District’s single-month import and export volume reached a historical high in July, the import and export scale began to decline month by month, and the import and export growth rate from August to December has dropped to 4.8%. , down 18.2 percentage points and 21.7 percentage points respectively from the same period last year and the first seven months. By November, the Shanghai Customs District’s monthly imports and exports took a sharp turn. The single-month imports and exports reversed from a growth of 15.7% in October to a decrease of 9.7%, which was the largest single-month decline since China’s accession to the WTO. Among them, the export growth rate reversed from an increase of 20.8% in October to a decrease of 2.4%; the import growth rate reversed from an increase of 7% in October to a decrease of 22.8%. At the end of the year in December, the total import and export volume of the customs area in a single month continued to decline.
Foreign trade with Japan grew against the trend
In 2008, the European Union, as the major trading partner of Shanghai Customs Zone, maintained its leading position. According to statistics, the total import and export trade of the Shanghai Customs District to the EU for the whole year was US$139.8 billion, an increase of 22.6%, and the growth rate dropped by 7.6 percentage points. It accounted for 23% of the total foreign trade of the Customs District during the same period, and the proportion increased by 1.2 percentage points. However, as far as exports are concerned, as the EU was more directly affected by the financial crisis and consumer demand shrank significantly, the growth rate of exports from the Shanghai Customs District dropped significantly. Data show that in 2008, the customs area’s exports to the EU were US$96.19 billion, an increase of 24.2%, and the growth rate dropped by 8.1 percentage points; imports from the EU were US$43.61 billion, an increase of 19.2%, and the growth rate dropped by 6.7 percentage points.
In addition, although the United States still maintains its position as the second largest trading partner of Shanghai Customs District, the growth rate of Shanghai Customs District’s imports and exports to the United States slowed down in 2008, with a total import and export of US$105.13 billion, an increase of 11.3%. The rate fell by 4.2 percentage points, 5 percentage points lower than the average growth rate of imports and exports in the customs area, accounting for 17.3% of the total foreign trade in the customs area during the same period. During the same period, the growth rate of Shanghai Customs District’s import and export to Japan bucked the trend, achieving a foreign trade volume of US$84.12 billion, an increase of 15.4%, and a growth rate of 2.7 percentage points.
Imports of high-tech products are declining
Data show that the financial crisis will begin to spread to the real economy in the second half of this year, with capital-intensive high-tech industries bearing the brunt. In 2008, the Shanghai Customs District imported US$79.14 billion of high-tech products. Imports only maintained a single-digit growth of 2.8%, and the growth rate fell by 19 percentage points, driving the overall import growth rate of the Customs District to fall by 4.9 percentage points during the same period. Among them, the import of integrated circuits, a major category of imported products in the customs area, was US$31.83 billion, a decrease of 1.9%; the import of LCD panels was US$7.8 billion, an increase of 2.2%, and the growth rate dropped by 17.4 percentage points.
Similarly, due to the tightening trend of domestic demand since the second half of the year, the decline in industrial investment has led to a slowdown in the import pace of most major industrial raw materials. In 2008, the Shanghai Customs District imported five categories of industrial raw materials worth more than 2 billion U.S. dollars, including primary plastics, unwrought copper and copper products, steel products, refined oil products, and iron ore and concentrates. Except for refined oil products, the import pace of the other four categories of products has slowed down. Among them, iron ore and its concentrate imports were 20.556 million tons, reversing from an increase of 18.7% in the same period last year to a decrease of 25.8%.
In terms of exports, the export of mechanical and electrical products was US$233.42 billion, an increase of 22%, with the growth rate falling by 3.5 percentage points, accounting for 59.3% of the total exports of the customs area during the same period. Traditional labor-intensive products include clothing and clothing accessories, textile yarns, fabrics and products, furniture and parts, bags and similar containers, plastic products, footwear, mattresses and bedding, toys and lamps, with total exports of US$94.01 billion. , an increase of 13.1%, and the growth rate dropped by 2.8 percentage points. Among them, except for the slight increase in the growth rate of textile yarns, fabrics and products, the export growth rates of the other eight categories of products all showed a downward trend. (Shanghai Business Daily) AAJH. LK‘PO[IUYUKT
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