Plastic Products Export Growth Fell
Latest Customs data show that in May China exported 815,900 tons of plastic products, the chain increased 6.26%, an increase of 2.24%. 1 ~ May Chinese plastic products exports, total exports 3,219,700 tons, an increase of 5.6%, the growth rate down.
2013 Chinese exports of plastic products showing a cumulative growth rate continued to decline in the overall pattern of a ~ May exports of plastic products accumulated growth of 6.5% compared with a growth rate of 6.6% ~ April smidge, and 1 to May plastic products export value growth rate continued to decline trend since March. Export value, the 1 ~ May plastic products exports amounted to $ 13.4 billion total, compared to the prior-year growth of 23.6% qoq growth rate fell 7.6 percentage points, an increase of 2 percentage points.
Contemporary Chinese plastics market export pattern is changing, China Hong Kong, China Taiwan, Singapore and other countries and regions in Asia, near China's export growth to become the main driving force, Africa, Latin America and other emerging markets are also being gradually replaced by imports of Chinese and European markets become major areas of plastic products .
Judging from the current situation in the international macroeconomic point of view, despite the recent European and American frequent macro good news, but the slow recovery of the U.S. economy, the European debt crisis still risks, the international market demand side has not improved significantly, will affect China's exports in Europe and America. June Chinese plastics market supply will increase, taking into account the recent European economic recovery and demand from emerging countries, is expected in June exports of plastic products in China will increase slightly.