Analysis of the Customs Declaration Situation for Import and Export in Dalian
The latest data released by the General Administration of Customs shows that in the first five months of this year, the total value of import and export customs declarations for goods transactions in China was 10.76 trillion yuan, an increase of 19.8% compared to the same period last year. During this period, exports amounted to 5.88 trillion yuan, an increase of 14.8%; Imports amounted to 4.88 trillion yuan, an increase of 26.5%; The trade surplus was 994 billion yuan, narrowing by 21.1%. In detail, in May, the total value of China's import and export customs declaration was 2.35 trillion yuan, an increase of 18.3%. During this period, exports amounted to 1.32 trillion yuan, an increase of 15.5%; Imports amounted to 1.03 trillion yuan, an increase of 22.1%; The trade surplus was 281.6 billion yuan, narrowing by 3.4%.
It should be said that from the perspective of data, the import and export declaration data in May exceeded expectations, which also means that China's import and export situation continues to improve, providing strong support for economic stability, structural adjustment, and reform promotion. Detailed analysis can be conducted from several aspects.
Firstly, there is a positive trend of steady improvement. We have noticed that although the import and export declaration data in May decreased by 1.5 percentage points compared to the increase in the previous five months, overall, the momentum of development is still relatively good and steadily improving.
A very important condition is the increase in quantity and decrease in price of bulk commodities. In terms of quantity, 91.52 million tons of iron ore and concentrate were imported in May, an increase of 5.5% year-on-year and 7.5 percentage points higher than the previous month; Imported crude oil of 37.2 million tons, an increase of 15.4% year-on-year, up 9.8 percentage points; Imported steel of 1.11 million tons, an increase of 1.8% year-on-year, up 3.7 points; The imported soybean quantity reached 9.59 million tons, a record high, with a year-on-year growth rate of 25.2%, up 11.8 percentage points. From the perspective of quotations, the year-on-year increase in quotations for imported iron ore, crude oil, and soybeans (in US dollars) in May was 27.1%, 30.3%, and 7.6%, respectively, with a decrease of 31.5, 11.9, and 5.1 points compared to the previous month.
Secondly, it presents an outstanding format with constantly improving construction. From a regional perspective, the growth rate of exports to the European Union has increased, while exports to Japan and ASEAN have declined, and exports to the United States have remained stable. In May, the export growth rates to the European Union, South Korea, and Hong Kong were 9.7%, 10.2%, and -10.6%, respectively, an increase of 5.6, 9.5, and 4.7 percentage points compared to the previous month. The export growth rates to Japan, ASEAN, Taiwan, and India were 3.7%, 3.8%, -2.7%, and 12.3%, respectively, with a decrease of 9.6, 1.5, 3.8, and 12.8 percentage points compared to last month.
The export growth rate to the United States was 11.7%, the same as last month. As the EU is one of China's primary trading partners, improving the export environment for the EU will inevitably have a positive impact on the overall export environment. More importantly, the increase in EU exports means that the black swan danger may have begun to weaken, and the European economy will enter a new normal. In this way, it will have a very primary effect on further improving the trading relationship between China and the European Union.
From the perspective of trading entities, the proportion of import and export customs clearance by private companies has increased. In the first five months, Chinese private companies imported and exported 4.11 trillion yuan, an increase of 21.5%, accounting for 38.1% of China's total foreign trade value, an increase of 0.5 percentage points compared to the same period last year.
The improvement of the export situation of private companies is the most crucial aspect of import and export transactions. Due to the fact that private companies are primarily concentrated in small and medium-sized enterprises and traditional commodities, including labor-intensive companies. Once the export environment of private companies improves, it will play a crucial role in promoting the development of the real economy, increasing residents' work and income, and ensuring social stability.
