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