Tibet Export-Import Value Down 12.97% in January 2018

[2018-04-09]

According to Lhasa Customs statistics, in January 2018, Tibet’s foreign-trade export and import totaled CNY 374 million, a decrease of 12.97% year-on-year (YOY). Therein, export value 277 million yuan, down 1.12%; import value 97 million yuan, down 35.24%; the surplus 180 million yuan.

Trade Characteristics:

Trade mode: frontier petty trade reached 217 million yuan, a decrease of 16.37% YOY, accounting for 58.02%; ordinary trade reached 153 million yuan, down 6.44%; border market exchange reached 2 million yuan, an increase of 2.1 times.

Trade partners: Tibet’s export-import trade with Nepal and the EU dropped by 16.01% and 57.1% respectively, while with the ASEAN and the USA rose by 7.89% and 2.58 times respectively.

Commodity composition: the exports of traditional labor-intensive products reached 181 million yuan, down 13.26%, accounting for 65.34%; therein, export textiles, footwear, and bags decreased by 6.98% and 34.11% and rose 18.83% respectively; import pharmaceutical products totaled 73 million yuan, down 37.84%, accounting for 75.26%.

Causes:
First, the monthly data was reduced because of holidays, the decrease of foreign trade participants, and the import and export volume of small-medium-sized enterprises significantly shrank, and there was a lack of stable trade support.
Second, the political election in Nepal had certain impact on the bilateral trade.
Source: ETCN
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