The General Administration of Customs of my country released the 2014 Import and Export Data Express. The data showed that for the whole year of 2014, my country’s total import and export value was 26.43 trillion yuan, an increase of 2.3% over 2013.
Among them, exports were 14.39 trillion yuan, a year-on-year increase of 4.9%; imports were 12.04 trillion yuan, a decrease of 0.6%; the trade surplus was 2.35 trillion yuan, an expansion of 45.9%.
In terms of US dollars, the total import and export value in 2014 was US$4.30 trillion, an increase of 3.4% over 2013. Among them, exports were US$2.34 trillion, a year-on-year increase of 6.1%; imports were US$1.96 trillion, an increase of 0.4%.
Import and export statistics from the General Administration of Customs show that my country’s textile and apparel exports in 2014 were 1.83 trillion yuan, a year-on-year increase of 4.06%.
Among them, the export of textile yarns, fabrics and products was 0.69 trillion yuan, an increase of 3.8%;
Exports of clothing and accessories were 1.14 trillion yuan, an increase of 4.2%. In terms of US dollars, my country’s textile and apparel exports in 2014 were US$298.427 billion, a year-on-year increase of 5.09%.
Among them, exports of textile yarns, fabrics and products were US$112.142 billion, an increase of 4.9%; exports of clothing and accessories were US$186.285 billion, an increase of 5.2%.
Zheng Yuesheng, spokesman of the General Administration of Customs and director of the Comprehensive Statistics Department, pointed out that the growth rate of my country’s foreign trade import and export in 2014 was only 2.3%, which did not meet the expected target of 7.5% at the beginning of the year.
The reasons for this are relatively complicated. In 2014, my country’s economic development entered a new normal, and some new characteristics emerged in my country’s opening up and foreign trade.
At present, my country’s foreign trade is in a period of shifting growth rates and a period of structural transformation, and has entered a medium-to-high-speed growth range from a high-speed growth stage.
In 2014, the pace of world economic recovery was slow, international market demand was sluggish, and domestic economic downward pressure was great.
Under this circumstance, my country’s foreign trade imports and exports still increased by 2.3% compared with 2013. Affected by exchange rate fluctuations, if the growth is calculated in US dollars, it is 3.4%. Although this growth rate is somewhat different from the expected target at the beginning of the year gap, but it is indeed not easy to achieve such results.
