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« U.S. July industrial production rose 0.9%

The impact of global import and export commodity prices

Customs Guangdong Branch 17 issued statistics, the first seven months of 2011, Guangdong import and export trade value of $ 513.4 billion, up 24 percent over last year, this year on export growth for the first time since the total is lower than the country, than the national 25.1 % increase 1.1 percentage points lower which total exports of 297.12 billion U.S. dollars, up 25.9%; imports 216.28 billion U.S. dollars, up 21.6%, Guangdong's foreign trade surplus of 80.84 billion U.S. dollars.

Customs insiders believe that this year, rising global commodity prices, driving up China's imports of goods, especially energy and resource commodity prices, this impact, the first seven months of the Guangdong energy resource imports of commodities to a general decline in a 20%. the first seven months of this year, Guangdong's foreign trade export growth in major provinces and cities to stay ahead, but import growth, lack of motivation, the first seven months of total import and export growth in Guangdong for the first time in years behind the national average, into Although exports have slowed but steady trend of growth, deserve attention.

Data show that as the province of China's processing trade, processing trade in Guangdong and general trade import and export growth are similar, but significantly behind the general trade, according to statistics, the first seven months, import and export of processing trade in Guangdong Province, $ 285.83 billion, up 23.7%; general trade import and export 179.53 billion U.S. dollars, up 23.9 percent, with imports of $ 76.86 billion, an increase of 17.4%, significantly lower than the increase in imports of 21.6% over the same period, Guangdong Province, the overall increase.


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