According to the customs statistics, the imports and exports of Jilin Province totaled RMB￥ 73.07 billion January-July, 2015, which can be converted into US$ 11.889 billion, marking a year-on-year decrease of 19.9%. The exports totaled RMB￥ 16.88 billion, which can be converted into US$ 2.754 billion, marking a year-on-year decrease of 13%; the imports totaled RMB￥ 56.19 billion, which can be converted into US$ 9.135 billion, marking a year-on-year decrease of 21.8%.

　　The imports and exports of Jilin Province totaled RMB￥ 8.7 billion in July, 2015, which can be converted into US$ 1.42 billion, marking a year-on-year decrease of 38.5%. The exports totaled RMB￥ 2.26 billion, which can be converted into US$ 369 million, marking a year-on-year decrease of 24.1%; the imports totaled RMB￥ 6.44 billion, which can be converted into US$ 1.051 billion, marking a year-on-year decrease of 42.3%.

　　I. Main features of imports and exports of our province in July 2015

　　(I) Intensifying measures to spare no effort to make up for the foreign trade shortfall of key enterprises, Jilin Province’s ranking rose somewhat over the 1st half of the year in China. Affected by the dramatic fall of imports and exports of key enterprise like FAW, etc., from January to July, our province’s imports and exports were down by US$ 2.96 billion year-on-year. FAW achieved US$ 6.69 billion accumulatively from January to July, down by 28% year-on-year, with the net decrease of imports and exports being US$ 2.61 billion. FAW apart, the imports and exports of other enterprises from January to July totaled US$ 5.2 billion, down by 6.4%. The enterprises with big decreases were Dacheng Group, Ji’en Nickel Industry, Sinosteel Jilin Electromechanical Equipment Co., Ltd., China-Russia Frontier Trade and CRC. The net decrease of imports and exports of the five enterprises totaled US$ 340 million year-on-year. In order to overcome the adverse impacts of the slide of these key enterprises, the Jilin Province Department of Commerce tapped growth potential in the municipalities (prefectures) of our province, actively went to such places as Qingdao, Yantai, Dalian, Yunnan, etc. to attract enterprises to settle down in our province, did a good job in warranty services of mainstay enterprises and major projects, and spared no effort to make up for the shortfall caused by the slide of key enterprises by means of intensifying measures. In the first seven months, our province’s imports and exports ranked 21nd in China, up by two compared with its status in 2014.

　　To be more specific, from January to July, the top 100 importing and exporting enterprises of our province achieved US$ 10.2 billion, accounting for 88.8% of the total imports and exports of our province. 46 of the enterprises witnessed growth in imports and exports and 17 of the enterprises had growth of imports and exports by over 50%. However, due to the rather big declines of some key enterprises’ imports and exports, the foreign trade decrease was furthered in the entire province.

　　In terms of exports, from January to July, our province’s exports were down by 13% year-on-year, and the net amount of exports was down by US$ 410 million. In the first seven months, of the 82 enterprises each of which has exports exceeding US$ 6 million, 40 witnessed growth in exports. Among the key exporting enterprises were seven large enterprises, i.e., Hunchun Xinshidai Industrial and Trade Co., Ltd., Jilin City Jianlong Steel & Iron Co., Ltd., Royal DSM Biochemistry Midbody (Changchun) Co., Ltd., etc., and each of them had its net increased of exports over US$ 10 million. Their net increase of exports totaled US$ 150 million. From January to July, among the enterprises whose net reduction of exports exceeded US$ 20 million each were nine: Dacheng Group, Sinosteel Jilin Electromechanical Equipment Co., Ltd., China-Russia Frontier Trade, etc., and their net decrease of exports totaled as much as US$ 350 million.

　　In July, the enterprises with quite large drops of exports were FAW, down by 25.6% (net decrease of US$ 117.21 million), Hunchun China-Russia Frontier Trade Service Co., Ltd., down by 47.7% (net decrease of US$ 18.97 million), Sinosteel Jilin Electromechanical Equipment Co., Ltd., down by 100% (net decrease of US$ 22.86 million), Jilin Province Xianghe Agricultural Production Materials Co., Ltd., down by 100% (net decrease of US$ 18.88 million), Dongbei (Yanbian) Wood Industrial Co., Ltd., down by 100% (net decrease of US$ 10.04 million), CRC, down by 98.5% (net decrease of US$ 9.45 million), and Dacheng Group, down by 78.9% (net decrease of US$ 6.62 million). These seven enterprises’ net decrease totaled US$ 200 million in the month.

　　In terms of imports, from January to July, our province’s imports were down by 21.87% year-on-year, and the net decrease of imports was down by US$ 2.55 billion year-on-year. In the first seven months, of the 83 enterprises each of which has imports exceeding US$ 5 million, 45 witnessed fall in their imports. Among the key importing enterprises that experienced large falls over US$ 20 million in imports were FAW, Ji’en Nickel Industry, Continental Automotive Electronics, CRC, etc., totaling eight, and the net amount of their imports was down by US$ 2.77 billion year-on-year. In the first seven months, seven enterprises had the amount of their imports increase by US$ 20 million each, including Shuangliao Huifeng Oils Co., Ltd., Jilin Province Bolaide Industrial and Trade Co., Ltd., etc., and their net increase of imports totaled US$ 270 million.

　　In July, the enterprises with quite large drops of imports were FAW, down by 42.5% (net decrease of US$ 754.32 million), Jilin Ji-en Nickel Industrial Co., Ltd., down by 79.1% (net decrease of US$ 17.73 million), Jilin Province Haoyu Petrochemical & Electrical Equipment Manufacturing Co., Ltd., down by 73.9% (net decrease of US$ 10.41 million), Puxiang Tonggang (Jilin) Steel Processing Co., Ltd., down by 79.4% (net decrease of US$ 5.83 million), Tonghua Steel Group Imports and Exports Co., Ltd., down by 41.1% (net decrease of US$ 5.91 million), CRC, down by 12.9% (net decrease of US$ 6.02 million), Continental Automotive Electronics (Changchun) Co., Ltd., down by 14.9% (net decrease of US$ 5.2 million). The seven enterprises’ net decrease totaled US$ 810 million in the month.

　　(II) The sluggish situation of mainstay merchandise exports was not turned, and only exports agricultural products achieved growth in the month. In July, among the eight major types of merchandises for exportation, under our monitoring, only agricultural products witnessed growth. From January to July, the exports of the eight major types of merchandise totaled US$ 2.43 billion, down by 13.6% year-on-year. Their total exports accounted for 94.3% of the total exports of our province. The exports of pharmaceutical products were down by 33.8%, which was huge, and the exports of light industrial and textile products, wood products, agricultural products, and automobile and auto parts were all down by over 10%. From January to July, the exports of mechanical electrical products of our province were US$ 900 million, down by 17.9% year-on-year, and the exports of hi-tech products were US$ 280 million, marking a year-on-year decrease of 31.4%.

　　(III) The trend of sharp increase of imports of agricultural products remained unchanged, but the price falls of bulk commodities affected the imports scale of our province. The imports of the four major types of merchandise, i.e. automobile and parts, metallurgical, agricultural and petrochemical products, totaled US$ 7.39 billion, marking a year-on-year decline of 22.5%. Their total imports accounted for 83% of the total imports in our province. The imports of agricultural products continued to be strong. In the first seven months, the imports of agricultural products increase by 103.3% year-on-year. The import growth of petrochemical products was 33.8%. The import declines of automobiles and parts, and metallurgical and mineral products decreased by 27% and 19.1% respectively. From January to July, our province’s imports of soybean and iron ore sand grew by 114.6% and 111% respectively, but, affected by the price falls, the amounts of their imports grew only by 77.5% and 10.4% respectively. In the first seven months, our province’s imports of mechanical and electrical products were US$ 7.29 billion, marking a year-on-year decrease of 27%; the imports of hi-tech products were US$ 1.01 billion, marking a year-on-year drop of 10.5%.

　　(IV) Jilin Province achieved growth in imports from and exports to the United States while its imports from and exports to Europe and Northeast Asia dropped. From January to July, our province’s imports from and export to American markets were US$ 1104.28 million, marking a year-on-year growth of 24.7%. The exports were US$ 493.46 million, marking a year-on-year growth of 19.4%; the imports were US$ 610.82 million, marking a year-on-year growth of 29.2%. The imports from and exports to the U.S.A., our major trade country, were US$ 634.86 million, marking a year-on-year growth of 16.5%; the exports were US$ 263.74 million, marking a year-on-year growth of 7%; the imports were US$ 371.11 million, marking a year-on-year growth of 24.4%. The imports from and export to Brazil were US$ 235.65 million, marking a year-on-year growth of 45.2%, including exports of US$ 116.89 million, marking a year-on-year growth of 334.8%, and imports of US$ 118.77 million, marking a year-on-year drop of 12.3%.

　　The imports from and exports to Europe (excluding Russia and the CIS) were US$ 7086.68 million, marking a year-on-year drop of 23.3%, including exports of US$ 456.02 million, marking a year-on-year drop of 5.1%, and imports of US$ 6630.66 million, marking a year-on-year drop of 24.3%. Our province’s imports from and exports to Germany were US$ 4500.10 million, marking a year-on-year drop of 22.9%, including exports of US$ 151.78 million, marking a year-on-year fall of 2.7%, and imports of US$ 4348.32 million, marking a year-on-year drop of 23.5%.

　　The imports from and exports to Northeast Asian markets were US$ 1472.72 million, marking a year-on-year drop of 34.4%, including exports of US$ 521.04 million, marking a year-on-year drop of 18.7%, and imports of US$ 951.68 million, marking a year-on-year drop of 40.6%. The imports from and exports to Japan, our major trade country, were US$ 1038.83 million, marking a year-on-year drop of 43.5%, including exports of US$ 259.57 million, marking a year-on-year drop of 34.9%, and imports of US$ 779.26 million, marking a year-on-year drop of 45.8%. The imports from and exports to ROK were US$ 405.84 million, marking a year-on-year drop of 0.5%, including exports of US$ 259.62 million, marking a year-on-year growth of 7.5%, and imports of US$ 146.22 million, marking a year-on-year drop of 10.1%.

　　The imports from and export to Asia (excluding Northeast Asia, Southeast Asia and Central Asia) and Africa were US$ 657.62 million, marking a year-on-year drop of 8%, including exports of US$ 488.35 million, marking a year-on-year growth of 2.6%, and imports of US$ 169.27 million, marking a year-on-year drop of 29.1%. The imports from and exports to South Africa, our major trade country, were US$ 81.39 million, marking a year-on-year drop of 36.3%, including exports of US$ 34.40 million, marking a year-on-year drop of 26.3%, and imports of US$ 46.99 million, marking a year-on-year drop of 42%. The imports from and exports to India were US$ 119.03 million, marking a year-on-year growth of 2.7%, including exports of US$ 103.14 million, marking a year-on-year growth of 4.4%, and imports of US$ 15.88 million, marking a year-on-year fall of 6.8%.

　　The imports from and exports to Southeast Asia, Taiwan, Hong Kong, Macao and Oceania were US$ 856.74 million, marking a year-on-year drop of 15.1%, including exports of US$ 480.1 million, marking a year-on-year drop of 28.2%, and imports of US$ 376.64 million, marking a year-on-year growth of 10.7%. The imports from and exports to Malaysia, our major trade country (region), were US$ 106.8 million, marking a year-on-year drop of 45.2%, including exports of US$ 49.52 million, marking a year-on-year drop of 64%, and imports of US$ 57.27 million, marking a year-on-year drop of 0.1%. The imports from and exports to the Philippines were US$ 117.29 million, marking a year-on-year growth of 83%, including exports of US$ 91.65 million, marking a year-on-year growth of 98.4%, and imports of US$ 25.64 million, marking a year-on-year growth of 43.4%. The imports from and exports to Australia were US$ 157.24 million, marking a year-on-year drop of 12.6%, including exports of US$ 24.43 million, marking a year-on-year drop of 65.1%, and imports of US$ 132.81 million, marking a year-on-year growth of 21%.

　　The imports from and export to Russia and its surrounding markets were US$ 306.61 million, marking a year-on-year drop of 14.1%, including exports of US$ 141.01 million, marking a year-on-year drop of 52.1%, and imports of US$ 165.6 million, marking a year-on-year growth of 166.1%. The imports from and exports to Russian, our major trade country, were US$ 258.43 million, marking a year-on-year drop of 22.8%, including exports of US$ 134.68 million, marking a year-on-year drop of 51.1%, and imports of US$ 123.75 million, marking a year-on-year growth of 108.5%.

　　(V) The processing trade registered some growth, and the imports and exports of private enterprises were up. From January to July, the imports and exports in processing trade were US$ 920 million, increasing by 2.6% year-on-year, accounting for 8% of the total imports and exports of our province. The exports were US$ 650 million, dropping by 5.5% year-on-year, and the imports were US$ 270 million, marking a year-on-year growth of 28.9%

　　The imports and exports in general trade were US$ 10.26 billion in our province, marking a year-on-year drop of 22.3%, including exports of US$ 1.72 billion, marking a year-on-year fall of 13.1%, and imports of US$ 8.53 billion, marking a year-on-year drop of 24%.

　　From January to July, the imports and exports of the private enterprises in our province were US$ 1.81 billion, marking a year-on-year growth of 13.6%, accounting for up to 15.8% of the total imports and exports of our province, indicating gradual growth of the independent development capacity in our province’s foreign trade. The imports and exports of foreign-funded enterprises were US$ 5.96 billion, dropping by 13.3% year-on-year. The imports and exports of state-owned enterprises were US$ 3.68 billion, marking a year-on-year drop of 38%.

　　II. Several concerns about our province’s foreign trade

　　(I) FAW was the main company that caused the dramatic drop of imports and exports of our province. From January to July, the accumulative imports and exports of FAW were US$ 6.69 billion, dropping by 28% year-on-year, with its net decrease of imports and exports being US$ 2.61 billion. In July, FAW achieved imports and exports of US$ 720 million, dropping by 50.7% year-on-year, with its net decrease of imports and exports being US$ 740 million. If we fail to effectively stop the decline of FAW, it will be impossible to attain this year’s targets, which will also affect our province’s ranking in China in terms of imports and exports.

　　(II) Under the circumstances of weak domestic demands, the recent price falls of bulk commodities have further diminished the imports amount. From January to July, the imported iron ore sand dropped by 43.8%, crude oil by 45.3%, coal by 20.1%, and refined oil products by 37.3%. the falling prices of imported bulk commodities at varying degrees resulted in the dwindling amount of imports.

　　(III) The foreign trade situation remains unoptimistic still in the 3rd quarter. From the perspectives of the trend of recent PMI new export orders and the foreign trade leader, the pressure on exports still remains huge in the 3rd quarter. The PMI new order index was 47.9 in July, which was the lowest over the recent two years. The foreign trade leader glided to the record low of 34.1. The lead time of new orders to the time of exports takes about 3-6 months, so, given the continuous dwindling situations of new orders now, it will be difficult to for exportation to rebound in the 3rd quarter of the year.