According to relevant statistical data, in the first three quarters of this year, the import and export trade of China's petroleum and chemical industries continued to grow at a rapid rate. The total import and export volume reached US$450.09 billion, a record high in the same period, a year-on-year increase of 33.5%, and the growth rate was 1.3 percentage points higher than that in the first half of the year. . Among them, total imports reached US$320.856 billion, an increase of 34.2% year-on-year, and exports totaled US$129.153 billion, an increase of 31.6% year-on-year. The cumulative deficit was 191.703 billion U.S. dollars, an increase of 36.1% year-on-year.
Zhong Jianzhi, a researcher in the chemical industry of China Investment Advisors, pointed out that the trade deficit of China's petroleum and chemical industries still showed an expanding trend in the first three quarters of this year. The reason is that due to the unreasonable product structure of China's petrochemical industry, some of the technology is high. In addition, the large value-added products still need a large amount of imports; on the other hand, the current global economic recovery process is slow, the international market is relatively weak in demand for chemical products, and the export of chemical products in China is poor. In addition, the appreciation of the renminbi and the increased friction in international trade will also curb the export of chemical products in China.
Chang Yuzhi pointed out that due to the backward production equipment in China's petroleum and chemical industries and the relatively low level of technology has not been fundamentally changed, domestic petrochemical products are still based on low-tech products and relatively low value-added basic products. There has been a situation of overcapacity, and some high-end products with high added value can hardly be produced. At present, most of China's chemical products used for export are low-cost basic chemical products, while imports are high-end, high-priced products. As a result, China's oil and chemical industries have a long-standing trade deficit.
Moreover, the European debt crisis continues to spread this year, the global economic development situation is not optimistic, the international market for petrochemical products demand growth is limited, which will affect the growth of China's petrochemical product exports to a certain extent. In addition, factors such as the appreciation of the renminbi and the intensification of international trade friction have increased the export costs of domestic petrochemical products, which will also affect the export of China's petrochemical products.
The "Investment Analysis and Forecast Report of China's Petrochemical Industry 2011-2015" released by the China Investment Advisor shows that the deficit in the import and export trade of China's petroleum and chemical industries has been relatively large. In 2008, the import and export trade deficit of China's petroleum and chemical industries was US$163.54 billion, an increase of 40.7% year-on-year. In 2009, the trade deficit was US$129.055 billion. In 2010, the import and export trade deficit of China's petroleum and chemical industries was US$190.14 billion.
Zhong Jianzhi, a researcher in the chemical industry of China Investment Advisors, pointed out that the trade deficit of China's petroleum and chemical industries still showed an expanding trend in the first three quarters of this year. The reason is that due to the unreasonable product structure of China's petrochemical industry, some of the technology is high. In addition, the large value-added products still need a large amount of imports; on the other hand, the current global economic recovery process is slow, the international market is relatively weak in demand for chemical products, and the export of chemical products in China is poor. In addition, the appreciation of the renminbi and the increased friction in international trade will also curb the export of chemical products in China.
Chang Yuzhi pointed out that due to the backward production equipment in China's petroleum and chemical industries and the relatively low level of technology has not been fundamentally changed, domestic petrochemical products are still based on low-tech products and relatively low value-added basic products. There has been a situation of overcapacity, and some high-end products with high added value can hardly be produced. At present, most of China's chemical products used for export are low-cost basic chemical products, while imports are high-end, high-priced products. As a result, China's oil and chemical industries have a long-standing trade deficit.
Moreover, the European debt crisis continues to spread this year, the global economic development situation is not optimistic, the international market for petrochemical products demand growth is limited, which will affect the growth of China's petrochemical product exports to a certain extent. In addition, factors such as the appreciation of the renminbi and the intensification of international trade friction have increased the export costs of domestic petrochemical products, which will also affect the export of China's petrochemical products.
The "Investment Analysis and Forecast Report of China's Petrochemical Industry 2011-2015" released by the China Investment Advisor shows that the deficit in the import and export trade of China's petroleum and chemical industries has been relatively large. In 2008, the import and export trade deficit of China's petroleum and chemical industries was US$163.54 billion, an increase of 40.7% year-on-year. In 2009, the trade deficit was US$129.055 billion. In 2010, the import and export trade deficit of China's petroleum and chemical industries was US$190.14 billion.
Chongqing Sungrace International Trading Co.,Ltd , https://www.sungracetrading.com