According to customs statistics, in the first quarter of 2016, China's foreign trade import and export value of 6 trillion and 120 billion yuan (equivalent to 974 billion 670 million U.S. dollars), net of exchange rate factors (the same below) an increase of 13.4%. Which exports 3 trillion and 200 billion yuan ($508 billion 870 million), an increase of 18.4%; imports of 2 trillion and 920 billion yuan ($465 billion 800 million), an increase of 8.4%; trade surplus of 270 billion 500 million yuan ($43 billion 70 million) last year, trade surplus of only $210 million.
Import and export of mechanical and electrical products steady growth. In the first quarter, China's exports of mechanical and electrical products 298 billion 540 million U.S. dollars, an increase of 18.1%, accounting for 58.7% of China's foreign trade export value. Over the same period, imports of mechanical and electrical products 198 billion 950 million U.S. dollars, up 14.5%.
It is understood that in the first quarter, China's foreign trade import and export of the main features are:
General trade, processing trade steady growth. In the first quarter, China's general trade import and export 486 billion 300 million U.S. dollars, up 7.4%. Export growth of 16.6%, imports and the same period last year was essentially flat.
Trade in the EU, Japan, the United States, the ASEAN trade steady growth. In the first quarter, China and the EU bilateral trade value of 124 billion 410 million U.S. dollars, down 1.9%; Sino US bilateral trade value of 118 billion 240 million U.S. dollars, up 10.8%.
Guangdong, Jiangsu and other 7 provinces and municipalities accounted for 80% of the total, the central and Western foreign trade and export growth.
Foreign investment enterprises accounted for a sustained decline in the proportion of private enterprises and the rapid growth of imports and exports.