August foreign trade import and export growth slowed slightly | annual trade surplus or significant narrowing

On September 10, the medical network was affected by the global economic performance and the emerging market currency crisis. In August, China's foreign trade import and export growth rate slowed slightly, but the import growth rate continued to be higher than that of exports, and the export growth rate still reached 20%. Analysts expect that the trade surplus for the whole year will be significantly narrowed.

General Administration of Customs data released on the 8th, in dollar terms, exports in August grew by 9.8%, imports grew by 20%, the growth rate was down slightly from the previous month trade surplus of $ 27.91 billion, trade surplus continued to narrow.

Export growth in August was slightly lower than previous market expectations. Li Chao, chief macro analyst of Huatai Securities, said that the growth rate of export trade in major countries has slowed down, PMI data in developed economies have continued to fluctuate, and global economic recovery continues to show uncertainty. , may have a negative impact on China's exports.

Data show that China's exports to emerging economies declined in August. Among them, exports to Brazil decreased by 217 million US dollars, and exports to Russia decreased by 125 million US dollars.

'Because of the local turmoil in emerging economies, some countries have a currency crisis, and exports to emerging economies have declined. This is also the main reason for the slowdown in export growth in August.' Liu Xuezhi, a senior researcher at the Bank of Communications Research Center.

However, from the accumulated data from January to August, China's imports and exports to the EU, the United States, ASEAN and Japan have maintained growth.

Although the growth rate of imports has also slowed down, imports in August increased by 20% year-on-year, and have maintained double-digit growth for six consecutive months, indicating that the effect of expanding import policies continues to emerge.

Li Chao said that the country has recently introduced a series of policies to encourage imports. In addition, the growth rate of infrastructure investment in the next half year is expected to bottom out, which will further boost the import of basic raw materials such as iron ore.

Regarding the future foreign trade situation, the market generally expects that export growth may slow down, but imports will still maintain high growth, and the annual trade surplus will be significantly narrowed.