Popular export of mechanical and electrical products increased by 9.9%

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According to reports, statistics from the Mainland Customs show that from January to May of this year, the export of electromechanical products grew faster. During the period, the export of machinery and electronic products was US$447.88 billion, an increase of 9.9%, which was 1.2 percentage points higher than the overall growth rate of exports in the same period of 2011 and accounted for 57.8% of the total value of exports during the same period. Among them, electrical appliances and electronic products exported 1,794.6 billion U.S. dollars, an increase of 6.7%; machinery and equipment exports were 148.5 billion U.S. dollars, an increase of 12.1%. During the same period, garment exports reached US$52.57 billion, an increase of 2.5%; textile exports were US$38.07 billion, up 1.4%; footwear exports were US$16.42 billion, up 8.5%.

Among imported goods, the import prices of bulk commodities such as iron ore and soybeans have dropped significantly, and auto imports have grown rapidly. According to customs statistics, from January to May, the import of iron ore was 310 million tons, an increase of 9%, the average import price was 138.4 US dollars per ton, down 13.9%; the import of soybeans was 23.43 million tons, an increase of 20.7%, and the average import price was Ton 544.7 US dollars, down 5.7%. In addition, the import of mechanical and electrical products was 297.4 billion U.S. dollars, which was basically the same as the same period of last year; of which 510,000 cars were imported, an increase of 31.5%.

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