China's electromechanical import and export increased significantly

In the first quarter of 2013, the total value of China's foreign trade imports and exports reached 6.12 trillion yuan (equivalent to 974.67 billion US dollars), and the deduction of the exchange rate factor increased by 13.4% year-on-year. Among them, exports were 3.2 trillion yuan (equivalent to US$508.87 billion), an increase of 18.4%; imports were 2.92 trillion yuan (equivalent to US$455.8 billion), an increase of 8.4%; trade surpluses were 270.5 billion yuan (equivalent to US$43.07 billion). The trade surplus is only 210 million U.S. dollars.

In March, China’s total value of imports and exports was 2.29 trillion yuan (equivalent to 365.26 billion US dollars), deducting exchange rate factors, an increase of 12.1%. Among them, exports were 1.14 trillion yuan (equivalent to US$182.19 billion), an increase of 10%; imports were 1.15 trillion yuan (equivalent to US$18.30 billion), an increase of 14.1%; trade deficit was 6.1 billion yuan (equivalent to US$880 million). A trade surplus of 5.18 billion U.S. dollars.

In the first quarter, China’s export of mechanical and electrical products was US$298.54 billion, an increase of 18.1%, which accounted for 58.7% of the total value of China’s foreign trade exports, of which 220,000 were automobiles, an increase of 25.1%. During the same period, the import of machinery and electronic products was US$189.50 million, an increase of 14.5%; of which 216,000 were autos, a decrease of 26.6%.