In May this year, China's textile and apparel trade volume was $ 25.34 billion, an increase of 5.6%, of which exports $ 22.97 billion, an increase of 5.2%; imports $ 2.37 billion, an increase of 9.6%, a surplus of $ 20.6 billion, an increase of 4.8%. 1 ~ May, total textile and apparel trade volume 113.62 billion U.S. dollars, an increase of 13.5%, of which exports $ 103.14 billion, up 13.8%, imports 10.48 billion U.S. dollars, an increase of 10.5%, the cumulative surplus of $ 92.66 billion, an increase of 14.2%.
April this year, China's textile(include ribbon wholesale) and apparel exports to Hong Kong and ASEAN are abnormally high growth in the month increased 45% for Hong Kong's exports to ASEAN increased 71%. In response to this phenomenon, the relevant state departments to carry out a series of investigations, confirmed that trade with unusual factors, the data are "water." Early May, the State Administration of Foreign Exchange issued a "State Administration of Foreign Exchange on Strengthening the foreign exchange inflow management issues related to notice", increase the presence of unusual or suspicious circumstances, corporate verification efforts. State Administration of Taxation, Ministry of Public Security and the General Administration of Customs in the same period also issued a notice requiring local carry out activities to combat fraudulent export tax rebates, which focus on examination of products, including textiles and clothing. Remediation measures introduced to promote exports of fake components are extruded, trade data to be clarified. May return to real data, the month's textile and apparel exports increased rapidly from 18% in April, down 5.2%, Hong Kong and ASEAN export growth fell to 18.8% and 14.1%.
Trade export growth dropped significantly
April exports grew rapidly in general trade and border trade to fall in May, the general trade export growth of 5.5% in the month, compared with April fell 13 percentage points, border trade exports for the month increased 23% compared to April fell 74.3 percentage points. 1 ~ 5 months, general trade exports increased by 14.7% cumulative, border trade grew 61%, the processing trade downward trend has not changed, a decline of 0.5%, the share of exports fell again last year, compared with nearly one percentage point.
Exports to major markets showed differences
May, exports to the EU fell again, month, exports $ 3.89 billion, down 0.8%. Exports to the U.S. continue to rebound, month, exports $ 3.46 billion, an increase further to 1.9%. 1 ~ May, the EU and the United States exports were up 4% and 5.9%, of which apparel exports were up 5.6% and 8.9%.
Early in the country's exports to ASEAN same false declaration, customs and other high-priced issues, causing data distortion, high export growth. May, with the data "water" extrusion, and the country's exports to ASEAN rapid decline year on year increase, month, exports $ 2.89 billion, an increase of 14.1 percent, exports were down 15%, an increase of 57 percentage points lower. 1 ~ 5 months, total exports to ASEAN $ 13.48 billion, an increase of 48.1%.
May, although exports to Japan to grow, but the growth rate is only 1.2%, compared with April fell 6 percent. 1 to May total exports fell by 0.6%, has yet to resume growth. The main products of knitted and woven garments export volume growth of 1.1%, the average export price fell 0.2%.
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