The Epidemic Severely Hit Foreign Trade, And China's Exports Of Adhesives / Coatings In The Downstream Sector Plummeted In The First Quarter
Recently, the State Council Office held a press conference, and Li Kuiwen, a spokesperson for the General Administration of Customs and the director of the Statistics and Analysis Department, introduced the import and export situation in the first quarter of 2020 and answered questions from reporters. According to data released, the total value of China's imports and exports of goods traded in the first quarter of this year was 6.57 trillion yuan, a decrease of 6.4% over the same period last year. Among them, exports were 3.33 trillion yuan, down 11.4%; imports were 3.24 trillion yuan, down 0.7%; trade surplus was 98.33 billion yuan, down 80.6%.
China's imports and exports of adhesives and coatings are not large, mainly affected by the downstream areas of adhesives and coatings. Among these exported categories, downstream industries closely related to adhesives and coatings have experienced a sharp decline. Among them, luggage, shoes, clothing, furniture, toys, etc. generally fell by about 18%, and home appliances, mobile phones, and electromechanical products fell by about 10%. According to the analysis of customs statistics, the sharp decline of these types of products is related to the decrease in market orders in the major export markets such as the United States and the European Union. Among them, exports to the US in the first quarter of this year were 476.55 billion yuan, down 23.6%.