Import and export ratio in 2008 increased by 9.3%
In 2010 the first month, Foshan City, import and export surged 60.9% year on year, achieving good start.
According to Customs statistics, in January 2010 import and export trade value of Foshan City, 3.88 billion U.S. dollars, compared with same period last year (below) up 60.9%. Among them, the export of 2.39 billion U.S. dollars, up 28.6%; imported 1.49 billion U.S. dollars, up 169.1 percent. The city’s foreign trade, export, import growth was higher than the provincial average were 27.5,11.6, and 103.9 percent increase. Month’s trade surplus of 900 million U.S. dollars, down 30.8%.
Import – copper imports surge
Data show that imports of Foshan has maintained since last year, relatively strong growth in January this year, on copper, aluminum, the import value reached 248.17 million U.S. dollars respectively, 136.74 million U.S. dollars, growth rates were as high as 1040.3%, 556.3%. Since 2009, domestic copper all the way up, insiders said, “after the Spring Festival consumption as the medium-term response, copper prices will rise. This may be a surge of imports of copper an important reason.”
The impact by the Spring Festival, Foshan January imports of fresh, dried fruits and nuts are also up 30.4% year on year. Meanwhile, the mechanical and electrical products and high-tech product imports grew to 127.8%, respectively, 112.4%. “Foshan enterprises to seize the country’s preferential policies to encourage imports of equipment, significantly increased its efforts to bring the production machinery.” Xiewei Xiong said.
Exports – 100.6% growth in aluminum
Exports, an increase of 100.6%, Foshan aluminum. Meanwhile, footwear, precious metals or jewelry with precious metal, lamps, lighting equipment fell 7.3%, respectively, 26.3% and 3.9%.
Future – can not be blindly optimistic
Foshan Foreign Trade, Deputy Secretary Xie Weixiong also stressed that the monthly data is difficult to judge the overall trend throughout the year, Foshan Foreign Trade, foreign trade can not be blindly optimistic. With china replacing Germany as the world’s largest exporter, trade friction will frequent this year, while the RMB revaluation pressure is also growing.