According to the customs statistics, the imports and exports of Jilin Province totaled RMB￥ 98.08 billion January-October 2015, which can be converted into US$ 15.88 billion, marking a year-on-year decrease of 26.4%. The exports totaled RMB￥ 24.33 billion, which can be converted into US$ 3.94 billion, marking a year-on-year decrease of 13.6%; the imports totaled RMB￥ 73.75 billion, which can be converted into US$ 11.94 billion, marking a year-on-year decrease of 29.9%.
The imports and exports of Jilin Province totaled RMB￥ 8.41 billion in October, which can be converted into US$ 1.33 billion, marking a year-on-year decrease of 37.7%. The exports totaled RMB￥ 2.27 billion, which can be converted into US$ 360 million, marking a year-on-year decrease of 20.5%; the imports totaled RMB￥ 6.14 billion, which can be converted into US$ 970 million, marking a year-on-year decrease of 42.3%.
I. Main features of imports and exports of our province in October 2015 (with the data about enterprises, commodities, etc. excluding the amount with DPRK)
(I) Exports witnessed decreases in the month, while the accumulative imports continued to fall. In October, the exports of Jilin Province reached US$ 360 million, marking a drop of over 20%, while the imports of Jilin Province were merely US$ 970 million, marking a drop of over 40% and a net reduction of US$ 700 million year-on-year. The accumulative imports and exports of Jilin Province ranked 10th among the provinces of China in the first 10 months of this year, staying at the same position as last year.
January-October, the imports and exports of Jilin Province were US$ 15.88 billion, marking a net year-on-year decrease of US$ 5.7 billion. January-October, the imports and exports of FAW were US$ 8.61 billion, down by 35.9%, marking a net year-on-year decrease of US$ 4.82 billion, accounting for 84.6% of the net reduction of the imports and exports. Apart from the FAW factor, the imports and exports of other enterprises totaled US$ 7.27 billion January-October, marking a year-on-year decrease of 10.8%
The enterprises witnessing rather big decreases in imports and exports are as follows: CRC: US$ 430 million, down by 22.0%, marking a net decrease of US$ 120 million year-on-year; Ji’en Nickel: US$ 58.97 million, down by 63.9%, marking a net decrease of US$ 100 million year-on-year; China-Russia Frontier Trade: US$ 140 million, down by 40.8%, marking a net increase of US$ 98.83 million year-on-year; Sinosteel Jilin Electromechanical Equipment: US$ 24.42 million, down by 79.7%, marking a net decrease of US$ 95.81 million year-on-year; Dacheng Group: US$ 29.01 million, down by 71.4%, marking a net decrease of US$ 72.51 million year-on-year; Jilin Province Xianghe Agricultural Production Materials Co., Ltd.: US$ 28.29 million, down by 72.2%; Dongbei (Yanbian) Woodware Co., Ltd.: US$ 12.58 million, down by 82.3%, marking a net decrease of US$ 59.72 million year-on-year; Continental Automotive Electronics: US$ 390 million, down by 12.2%, marking a net decrease of US$ 54.17 million year-on-year; Tonghua Iron & Steel Group: US$ 300 million, down by 11.6%, marking a net decrease of US$ 40.11 million year-on-year. The net decreases of the imports and exports of the above nine enterprises totaled US$ 720 million.
January-October, the imports and exports of the top 100 importing and exporting enterprises of Jilin Province totaled US$ 13.42 billion, accounting for 87.9% of the total imports and exports of Jilin Province.
In terms of exports, January-October,, the net year-on-year decrease of our province’s exports was US$ 620 million. In the first 10 months of this year, of the 96 enterprises in our province, each of which had exports over US$ 7 million, 43 saw their exports growing. The enterprises with net export increases of over US$ 10 million were the Hunchun Xinshidai Industrial and Trade Co., Ltd., the Jilin City Jianlong Steel & Iron Co., Ltd., the Royal DSM Midbody (Changchun) Co., Ltd., etc., totaling 10, and their total net growth of exports was US$ 250 million. From January to October of this year, the enterprises, each of which had net reduction of exports of US$ 20 million, were FAW, China-Russia Frontier Trade, Dacheng Group, the Sinosteel Jilin Electromechanical Equipment Co., Ltd., etc., totaling 10, and their net exports were US$ 630 million short in total.
In October, the enterprises having rather big increases in exports were as follows: the Hunchun Fengyi Trade Co., Ltd. (net increase of US$ 15.63 million), CRC-Bombardier Rail Vehicles Co., Ltd. (net increase of US$ 13.12 million), the Jilin City Jianlong Iron & Steel Co., Ltd. (net increase of US$ 7.10 million), and the Hunchun Qingquan Trade Co., Ltd. (net increase of US$ 6.27 million). The net increase of the four enterprises totaled US$ 42.12 million in the month.
In terms of imports, January-October of this year, the net decrease of the amount of imports was US$ 5.08 billion year-on-year. In the first 10 months of the year, of the 80 enterprises in our province, each of which had imports over US$ 7 million, 47 saw their imports declining. The enterprises with import decreases of more than US$ 20 million each included FAW, Ji-en Nickel, Continental Automotive Electronics (Changchun), CRC, etc., totaling 12, and their net decrease of imports totaled US$ 7.13 billion. In the first 10 months of this year, the enterprises, each of which had incremental imports of more than US$ 20 million, were the Jinlong Soybeans Industrial Co., Ltd. of the Heilongjiang Jinquan Grains & Oils Trade Group, the Jilin City JIanlong Iron & Steel Co., Ltd., etc. totaling six, and their net increase of imports was US$ 290 million in total.
In October, the enterprises with rather big decreases of imports were as follows: FAW: down by 49.6% (net decrease of US$ 636.61 million), the Tonghua Iron & Steel Group Imports and Exports Co., Ltd.: down by 71.9% (net decrease of US$ 32.24 million), the Jilin Province Bolaide Industrial and Trade Co., Ltd.: down by 100% (net decrease of US$ 27.89 million), and CRC: down by 16.0% (net decrease of US$ 5.40 million). The net decrease of the above four enterprises was US$ 700 million in the month.
(II) The two kinds of broad heading merchandise like rail passenger cars and their parts saw their exports increase while the accumulative exports of mechanical and electrical products and hi-tech products declined more. In October, of the eight types of merchandise under major monitoring, rail passenger cars and their parts, and woodware and furniture achieved growth in exportation, respectively by 141.4% and 3.6%, which narrowed their export decline accumulatively. January-October, the exports of the eight types of merchandise totaled US$ 3.47 billion, marking a year-on-year drop of 13.9%, and their total exports accounted for 94.3% of the total exports of Jilin Province. From January to October, the exports of mechanical and electrical products were US$ 1.25 billion, down by 19.6% year-on-year, and the exports of hi-tech products were US$ 390 million, down by 29.6% year-on-year.
(III) The increase trend of imports of agricultural products and petrochemical products remained robust, while the drop of imports of automobiles and parts remained downward. The imports of the four major types of merchandise, i.e. automobile & parts, metallurgical, agricultural and petrochemical products, totaled US$ 9.64 billion, marking a year-on-year decline of 30.2%, and the total amount of their imports accounted for 83.2% of the total amount of the imports of Jilin Province. The imports of agricultural products continued with robust growth. From January to October, the amount of their imports tallied a year-on-year increase of 45.3%. During the same period, the imports of petrochemical products grew by 15.5%, while the imports of automobiles & parts and metallurgical & mineral products fell by 34.4% and 15.0% respectively. From January to October, Jilin Province’s imports of mechanical and electrical products were US$ 9.46 billion, marking a year-on-year decrease of 34.4%; the imports of hi-tech products were US$ 1.33 billion, marking a year-on-year decrease of 19.7%.
(IV) Jilin Province achieved continuous growth in imports from and exports to the American markets while its imports from and exports to Europe, Northeast Asia, etc. dropped by a large margin. From January to October, Jilin Province’s imports from and exports to American markets were US$ 1.48 billion, marking a year-on-year increase of 13.8%, including exports of US$ 690 million, marking a year-on-year growth of 14.2%, and imports of US$ 790 million, marking a year-on-year growth of 13.5%. The imports from and exports to the U.S.A., our major trade country, were US$ 810 million, marking a year-on-year growth of 14.2%; the exports were US$ 390 million, marking a year-on-year growth of 5.4%; the imports were US$ 430 million, marking a year-on-year growth of 23.4%. The imports from and exports to Brazil were US$ 330 million, marking a year-on-year growth of 27.2%, including exports of US$ 140 million, marking a year-on-year growth of 276.6%, and imports of US$ 190 million, marking a year-on-year drop of 15.0%.
The imports from and exports to European markets (excluding Russia and the CIS) were US$ 9.19 billion, marking a year-on-year drop of 31.0%, including exports of US$ 670 million, marking a year-on-year growth of 0.3%, and imports of US$ 8.52 billion, marking a year-on-year drop of 32.6%. Jilin Province’s imports from and exports to Germany were US$ 5.85 billion, marking a year-on-year drop of 31.2%, including exports of US$ 220 million, marking a year-on-year growth of 6.3%, and imports of US$ 5.62 billion, marking a year-on-year drop of 32.1%.
The imports from and exports to Northeast Asian markets were US$ 2.04 billion, marking a year-on-year drop of 36.7%, including exports of US$ 740 million, marking a year-on-year drop of 18.0%, and imports of US$ 1.3 billion, marking a year-on-year drop of 43.9%. The imports from and exports to Japan, our major trade country, were US$ 1.44 billion, marking a year-on-year drop of 45.9%, including exports of US$ 360 million, marking a year-on-year drop of 35.4%, and imports of US$ 1.08 billion, marking a year-on-year drop of 48.7%. The imports from and exports to ROK were US$ 580 million, marking a year-on-year growth of 1.6%, including exports of US$ 380 million, marking a year-on-year growth of 9.9%, and imports of US$ 200 million, marking a year-on-year drop of 11.3%.
The imports from and exports to Asia (excluding Northeast Asia, Southeast Asia and Central Asia) and Africa were US$ 900 million, marking a year-on-year drop of 18.7%, including exports of US$ 670 million, marking a year-on-year drop of 10.6%, and imports of US$ 230 million, marking a year-on-year drop of 35.7%. The imports from and exports to South Africa, our major trade country, were US$ 120 million, marking a year-on-year drop of 34.3%, including exports of US$ 52.65 million, marking a year-on-year drop of 22.4%, and imports of US$ 69.02 million, marking a year-on-year drop of 41.2%. The imports from and exports to India were US$ 160 million, marking a year-on-year drop of 23.3%, including exports of US$ 140 million, marking a year-on-year drop of 23.8%, and imports of US$ 20.01 million, marking a year-on-year drop of 19.7%.
The imports from and exports to Southeast Asia, Taiwan, Hong Kong, Macao and Oceania were US$ 1.2 billion, marking a year-on-year drop of 18.5%, including exports of US$ 670 million, marking a year-on-year drop of 27.4%, and imports of US$ 530 million, marking a year-on-year fall of 3.7%. The imports from and exports to the Philippines, our major trade country, were US$ 150 million, marking a year-on-year growth of 62.3%, including exports of US$ 120 million, marking a year-on-year growth of 85.0%, and imports of US$ 34.15 million, marking a year-on-year drop of 13.3%. The imports from and exports to Australia were US$ 230 million, marking a year-on-year drop of 19.4%, including exports of US$ 32.22 million, marking a year-on-year drop of 58.7%, and imports of US$ 200 million, marking a year-on-year fall of 4.5%.
The imports from and exports to Russia and its surrounding markets were US$ 460 million, marking a year-on-year drop of 9.8%, including exports of US$ 240 million, marking a year-on-year drop of 42.8%, and imports of US$ 220 million, marking a year-on-year growth of 143.0%. The imports from and exports to Russian, our major trade country, were US$ 390 million, marking a year-on-year drop of 16.4%, including exports of US$ 230 million, marking a year-on-year drop of 40.5%, and imports of US$ 160 million, marking a year-on-year growth of 97.4%.
(V） The imports of the processing trade witnessed continuous growth, and the imports and exports of private enterprises were up in proportion. From January to October, Jilin Province’s imports and exports in the processing trade were US$ 1.29 billion, marking a year-on-year growth of 2.4%, accounting for 8.5% of the total amount of imports and exports of the province, including exports of US$ 940 million, marking a year-on-year drop of 0.1%, and imports of US$ 350 million, marking a year-on-year growth of 9.9%.
Jilin Province’s imports and exports in general trade were US$ 13.52 billion, marking a year-on-year drop of 29.4%, including exports of US$ 2.45 billion, marking a year-on-year drop of 15.2%, and imports of US$ 11.07 billion, marking a year-on-year drop of 32.0%.
January-October, the imports and exports of private enterprises in Jilin Province were US$ 2.52 billion, marking a year-on-year growth of 3.7%, accounting for up to 16.5% of the total value of imports and exports of the province, up by 0.2% over the previous nine months. It showed that the independent growth capacity of the province’s foreign trade was gradually building up. The imports and exports of foreign-funded enterprises in the province were US$ 7.85 billion, marking a year-on-year drop of 23.1%. The imports and exports of state-owned enterprises were US$ 4.86 billion, marking a year-on-year drop of 41.0%.
II. Several concerns about Jilin Province’s foreign trade
(I) FAW Group’s imports and exports continued to go down. From January to October, FAW’s accumulative imports and exports were US$ 8.61 billion (accounting for 54.2% of the total foreign trade amount of Jilin Province), which marked a year-on-year decrease of 35.9% and 1.5% in comparison with the amount in the previous nine months, with the year-on-year net reduction being US$ 4.82 billion. In October, its monthly imports and exports were US$ 670 million, marking a year-on-year drop of 49.7% and a chain growth of 21.7%. Although FAW achieved some more growth in its imports and exports than last month, its downward trend was not effectively checked yet.
(II) There was a continuous nationwide downturn of foreign trade. From January to October 2015, the imports and exports of China were US$ 3226.96 billion, down by 8.5% year-on-year and by 0.4% over the previous nine months. Only six provinces (municipalities) realized growth of imports and exports in China. 13 out of the 15 top-ranking provinces (municipalities) saw their imports and exports fall. From January to October, the imports and exports of Liaoning Province were US$ 79.44 billion, down by 16.6%; the imports and exports of Heilongjiang Province were US$ 17.73 billion, down by 43.4%. Liaoning Province, Heilongjiang Province and Jilin Province ranked 9th, 21st and 23rd respectively in China in terms of imports and exports.
(III) The prices of bulk commodities stayed low. In terms of imports, due to the lingering low prices of bulk commodities around the world, from January to October of this year, the prices of Jilin Province’s imported bulk commodities, soybean, coal, crude oil, grains, grain powder and iron ore sand were down by 25.4%,21.6%, 46.1%, 10.7% and 40.9% respectively, which had brought about negative impacts on the province’s imports.
