China'S Exports Of Footwear Decreased By 2 Billion 130 Million US Dollars In March.

　　今年3月份，海关统计显示，我国进出口总值为2314.6亿美元，增长42.8%。其中出口1121.1亿美元，进口1193.5亿美元。当月贸易逆差为72.4亿美元，中止了我国自2004年5月开始连续70个月贸易顺差的局面。对此，海关总署综合统计司统计分析处处长黄国华解释逆差原因。

First of all, rising costs, external market deterioration and Spring Festival factors have led to the contraction of some labor-intensive products exports.

In March, China exported 4 items of clothing, footwear, luggage and game machines, a net decrease of US $2 billion 130 million over the same period last year, equivalent to 29.4% of the current trade deficit.

There are two main reasons for this: on the one hand, the shortage of short supply of labor affects the export level of Guangdong, Zhejiang and Jiangsu provinces after the Spring Festival.

And since September 2009, domestic cotton and chemical fiber prices have risen rapidly.

The rising price of raw materials and labor has made the profit of labor-intensive products obviously squeezed, and the motive force of export is insufficient.

On the other hand, the market environment of foreign countries tends to deteriorate.

Since 2009, the number of anti-dumping cases against China's textile and apparel industry has increased by 32.4% over the past year, and the number of special safeguard cases has increased from 1 in 2008 to 7.

At the same time, the unemployment rate in the developed countries is high, and the consumer confidence has been greatly attacked. In the short term, the growth space of the labor intensive products in China is limited.

In addition, according to the law of the past years, the production and export of labor-intensive products are at a low ebb after a long holiday of the Spring Festival.

Secondly, domestic demand is strong, which leads to the increase of raw material import quantity and price, which is another reason for the deficit.

In March, the total price of China's imports increased by 17.2% compared with the same period last year, and the import volume increased by 41.7%, leading to a 66% increase in import volume.

Only price factors increased imports by US $17 billion 470 million, or 36.8% of imports.

Meanwhile, the upgrading of domestic consumption structure has led to a surge in imports of automobile products.

In March, China imported 85 thousand vehicles, an increase of 2.7 times, worth 3 billion 210 million US dollars, an increase of 2.4 times; imports of auto parts 1 billion 730 million US dollars, a 1.4 fold increase.

The total import value of the two commodities increased by 3 billion 270 million US dollars over the same period last year, equivalent to 45.2% of the trade deficit of that month.