China's exports of plastic products increased by 4.4% in the first seven months of the year

According to the latest release of the General Administration of Customs of China, from January to July this year, the total value of China's import and export of goods was 132,200 yuan, down 3% from the same period last year. Among them, exports were 7.6 trillion yuan, down 1.6%; imports were 56,100 yuan, down 4.8%, still in a double-down situation. The trade surplus was 1.99 trillion yuan, an increase of 8.7% year-on-year.
Since July is the first month of the second half of the year, how China's foreign trade situation has received much attention. In the month of July, China’s total import and export value was 2.09 trillion yuan, down 0.9% year-on-year. Among them, exports were 1.22 trillion yuan, an increase of 2.9%, and continued to maintain positive growth for 5 months; imports were 873 billion yuan, down 5.7%. The trade surplus continued to expand to 342.8 billion yuan, an increase of 34% year-on-year.
Export situation
From January to July, China exported 5.87 million tons of plastic products , up 6.0% year-on-year; the export value was 134.65 billion yuan, up 4.4% year-on-year. In July, the export volume was 910,000 tons, an increase of 10,000 tons from the previous month; the export value was 20.72 billion yuan, an increase of 0.6% from the previous month.
Import situation
From January to July, China imported 14.37 million tons of primary-shaped plastics, down 6.0% year-on-year; the import value was 148.69 billion yuan, down 10.1% year-on-year. In July, the import volume was 2.04 million tons, which was the same as the previous month; the import value was 21.80 billion yuan, which was basically the same as the previous month.
From January to July, China imported 3.11 million tons of natural and synthetic rubber (including latex), up 31.8% year-on-year; the import value was 28.96 billion yuan, up 12.9% year-on-year. In July, imports were 430,000 tons, an increase of 20,000 tons from the previous month; the import value was 4.25 billion yuan, an increase of 1.7% from the previous month.
Experts said that the main producing country of natural rubber is currently in the peak season of rubber production, the glue output is normal, and the supply pressure is expected to rise continuously. The operating rate of China's downstream tire companies is lower, terminal demand is shifting to the off-season mode, consumption power is weakening, and the contradiction between supply and demand is not conducive to the strength of rubber prices. The import volume and import value of natural rubber in the second half of the year will still be greater than last year.

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