China's Foreign Trade Operations From January To April 2021(part Three)

Sixth, the steady and positive domestic economy has driven import growth, and the rapid rise in the prices of some bulk commodities has pushed up import growth. Since the beginning of this year, the manufacturing PMI has remained in the expansion range, stimulating import demand for energy resources, raw materials and spare parts. From January to April, the import volume of crude oil, iron ore, and integrated circuits increased by 7.2%, 6.7%, and 30.8%, respectively. The prices of some bulk commodities rose rapidly. The average import prices of soybeans, iron ore and copper ore increased by 15.5%, 58.8% and 32.9% respectively, and the price factor combined to increase the overall import growth rate by 4.2 percentage points.

Recently, various localities have actively implemented the spirit of the National Foreign Trade Work Conference, focused on foreign trade services to build a new development pattern, and put forward practical measures in terms of ensuring market players, ensuring market share, ensuring the stability of the industrial chain and supply chain, and promoting the innovation and development of foreign trade, so as to improve foreign trade comprehensiveness. Competitiveness plays an important role.