Import And Export Double Down Foreign Trade Situation Is Grim And Complicated.

Customs data show that in 2015, China exported 14 trillion and 140 billion yuan, down 1.8%, imports 10 trillion and 450 billion yuan, fell 13.2%, trade surplus 3 trillion and 690 billion yuan, expand 56.7%.

In the month of December, the total value of China's imports and exports was 2 trillion and 480 billion yuan, down 0.5%.

Among them, exports of 1 trillion and 430 billion yuan, an increase of 2.3%; imports of 1 trillion and 50 billion yuan, down 4%.

The double drop of export volume occurred only once in 2009 when it encountered the global financial crisis.

In response to this grim situation, Huang Songping, spokesman for the General Administration of customs, said: "in 2015, the overall recovery of the global economy was weak, the prospects were tortuous and the domestic economic downward pressure was bigger, and China's foreign trade development entered a new normal."

He analyzed China.

The main reason for this decline is the sluggish external demand.

The international financial crisis since 2008 has destroyed the power of world economic growth, and the overall recovery of the international economy has been weak, leading to the deep adjustment period of Global trade, thus restraining China's export growth.

In 2015, the export value of China's mechanical and electrical products increased by only 1.2%, down 1.4 percentage points from the previous year, and the export value of traditional labour intensive products dropped by 1.7%, a rare phenomenon in recent years.

This year, deputy director of the Ministry of foreign trade of the Ministry of Commerce, David Lu said.

The grim complexities of the situation are unprecedented. External demand is weak, domestic demand is weak, fixed asset investment slows down, factor costs continue to rise rapidly, financing and other unfavorable factors are intertwined, and this kind of difficulty is not short-term.

This is confirmed by the global export situation released by the world trade organization.

Since 2015, the global export value has seen a slight decline in recent years. WTO released data shows that in the first 10 months of 2015, the global export value dropped by more than 11%, which is a drop again after the outbreak of the global financial crisis in 2009.

Huang Songping said that the sharp decline in global commodity prices and the slowdown in imports of bulk commodities were important reasons for the decline in China's import value in 2015.

The commodity price index of commodity Survey Bureau fell to the level of the global financial crisis in 2008 in 2015.

In addition, as China's economic development has entered a new normal, the domestic economy is facing greater downward pressure, and the growth of imports of some commodities has also slowed down.

In 2015, China's crude oil imports increased by 8.8%, iron ore imports increased by 2.2%, and coal, copper and steel imports decreased by 29.9%, 0.3% and 11.4% respectively, all of which fell to varying degrees over the previous year.