China: 27.45 billion of Furniture exports in April, an increase of 12.5%, and the situation improved gradually

Exports have already recovered in April.

According to data from the General Administration of Customs, exports have already recovered in April.
 
The General Administration of Customs announced the cumulative import and export data for April and January-April of this year. The main information related to some furniture exports is as follows (in RMB):
 
01
 
The export value of furniture and parts in April was 27.45 billion yuan, an increase of 12.5% ​​from March; the cumulative export value from January to April was 93.23 billion yuan, a decrease of 15.7% compared with the same period in 2019 (year-on-year), and the decrease rate was narrowed by 3 percentage points .
 
From January to April, the cumulative export value of four categories of furniture, lamps, lighting fixtures and parts, ceramic products and textile products was 445.87 billion yuan, an increase of 53.4% ​​from the first quarter cumulative data.
 
In addition to furniture, the export value of textiles including masks was 261.3 billion yuan, up 5.9% year-on-year; lamps and lanterns were 53.78 billion yuan, down 13.4%; ceramics were 37.56 billion yuan, down 20.7%.
 
Overall, in the first four months of this year, China ’s total import and export value of goods trade was 9.07 trillion yuan, a year-on-year decrease of 4.9%, a decrease of 1.5 percentage points from the first quarter. Among them, exports were 4.74 trillion yuan, down 6.4%, a decrease of 5 percentage points narrower than the first quarter; imports were 4.33 trillion yuan, down 3.2%, a decrease of 2.5 percentage points higher than the first quarter; trade surplus was 415.7 billion yuan, a decrease of 30.4% .
 
In April, China's foreign trade imports and exports were 2.5 trillion yuan, a slight decrease of 0.7% year-on-year; of which, exports were 1.41 trillion yuan, up 8.2%; imports were 1.09 trillion yuan, down 10.2%; trade surplus was 318.15 billion yuan, up 2.6 times.
 
02
 
Imports and exports to ASEAN and countries along the “Belt and Road” have grown against the trend, while imports and exports to the European Union, the United States and Japan have declined.
 
In the first 4 months, ASEAN was the largest trading partner, with a total trade value of 1.35 trillion yuan, an increase of 5.7%, accounting for 14.9% of China's total foreign trade value. Among them, China's exports to ASEAN reached 740.9 billion yuan, an increase of 3.9%; imports from ASEAN reached 608.51 billion yuan, an increase of 8%; trade surplus with ASEAN was 132.39 billion yuan, a decrease of 11.5%.
 
The EU is the second largest trading partner, with a total trade value of 1.23 trillion yuan, a decrease of 6.5%, accounting for 13.6% of China's total foreign trade. Among them, China's exports to the EU were 719.01 billion yuan, down 6.6%; imports from the EU were 515.56 billion yuan, down 6.4%; trade surplus with the EU was 203.45 billion yuan, down 7.1%.
 
The United States is my third largest trading partner. The total value of Sino-US trade is 958.46 billion yuan, down 12.8%, accounting for 10.6% of my total foreign trade value. Among them, I exported 702.28 billion yuan to the United States, down 15.9%; imports from the United States were 256.18 billion yuan, down 3%; trade surplus with the United States was 446.1 billion yuan, down 21.9%.
 
In the same period, China ’s total import and export of countries along the “Belt and Road” reached 2.76 trillion yuan, an increase of 0.9%, accounting for 30.4% of China ’s total foreign trade, and its proportion increased by 1.7 percentage points.
 
03
 
In an exclusive interview with reporters from Xinhua News Agency, Ni Yuefeng, director of the General Administration of Customs, said: "Foreign trade is resilient and the situation is improving day by day."
 
Although the overall import and export declined in the first quarter, the decline in imports and exports in March was significantly narrowed by 3.1 percentage points from the previous two months, showing a better situation than in the past ten days. In April, the latest daily data monitored by the General Administration of Customs showed that exports have already shown a recovery growth.

Looking back on the first quarter of 2019, China's foreign trade also began to be under pressure, but throughout the year, the share of foreign trade in global trade not only did not decline, but increased by 0.2 percentage points.
 
"Therefore, it is said that China's foreign trade is resilient," Ni Yuefeng said.

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