China’s import and export trade improved in March

  • 28-Apr-2020
  • China’s import and export trade improved in March

In March 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 122.54 points, down 3.92% year-on-year; the export trade index was 128.37 points, down 6.81% year-on-year; the import trade index was 116.61 points, down 0.47% year-on-year. In the first quarter, China’s total import and export trade was $942.391 billion, down 8.24% year-on-year. Total export trade was $477.597 billion, down 13.40% year-on-year; total import trade was $464.794 billion, down 2.27% year-on-year; the trade surplus was 12.803 billion US dollars, narrowing by 83.13%.

China’s trade with continents

In the first quarter, the import and export trade value between China and Asia was $ 502.705 billion, a year-on-year decrease of 4.62%, accounting for 53.34% of China’s total imports and exports. The export trade value was $ 246.923 billion, down 8.53% year-on-year; the import trade value was $ 255.782 billion, down 0.52% year-on-year.

The import and export trade value between China and Europe was $179.478 billion, down 10.28% year-on-year, accounting for 19.04% of China’s total import and export value. The export trade value was 93.679 billion US dollars, down 16.95% year-on-year; the import trade value was 85.798 billion US dollars, down 1.66% year-on-year.

The import and export trade value between China and Africa was $ 41.252 billion, a year-on-year decrease of 13.27%, accounting for 4.38% of China’s total imports and exports. The export trade value was US $ 214.29 billion, down 10.50% year-on-year; the import trade value was $19.823 billion, down 16.08% year-on-year.

The import and export trade value between China and North America was $106.784 billion, down 21.30% year-on-year, accounting for 11.33% of China’s total imports and exports. The export trade value was 74.453 billion US dollars, down 25.17% year-on-year; the import trade value was 32.331 billion US dollars, down 10.64% year-on-year.

The import and export trade value between China and Latin America was $68.411 billion, down 5.05% year-on-year, accounting for 7.26% of China’s total imports and exports. The export trade value was $ 29.547 billion, down 8.23% year-on-year; the import trade value was $ 38.863 billion, down 2.47% year-on-year; the trade surplus was $ 9.316 billion, up 21.80% year-on-year.

The import and export trade value between China and Oceania was $ 43.653 billion, down 1.59% year-on-year, and accounted for 4.63% of China’s total imports and exports. The export trade value was 11.565 billion U.S. dollars, down 11.68% year-on-year; the import trade value was 32.007 billion U.S. dollars, up 2.64% year-on-year.



Source:- Hellenicshippingnews.com

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