[Industry Alert] General Administration of Customs: The Price Index of China's
[2009-02-09 09:39:59]
According to the report from General Administration of Customs, the price index of China’s import and export commodities continuous drops since December 2008. The price index of import commodity drops dramatically in the 4th month, which drops 11.9 percent to 90 than that in November and makes a lowest point since March 2002. The price index of export commodity is 105.1 which drops 0.4 percentage point than that in November and creates new lowest point in 2008.
In December, the amount of imports in China drops 21.3%, price drops 10% and actual amount of imports drops 12.5%. During the same term, the amount of export in China drops 2.8%, price rises 5.1% and actual amount of export drops 7.5%.
The price of import commodity in China takes on the following characters in December
Ⅰ、The import price drops dramatically
In December, the price of import commodity in China drops 10%, which drops 11.9 percentage points compared with that in November and firstly falls into the descending section since May 2006. The import price of primary products drops 26.4%, lowering 26.5 percentage points than that in November. The import price of industrial product drops 3.7%, lowering 9.6 percentage points than that in November. The import price of consumable goods, semi-finished products and capital goods drops 0.8%、10.1% and 12.8% separately.
According to the classification standards for national economic industries, the import price of products of agriculture, forestry, animal husbandry and fishery drops 9.8%, lowering 21.6 percentage points than that in November, during which, the price of agricultural product drops 12.4%, lowering 25.5 percentage points than that in November. The import price of mining drops 30.5%, lowering 30.3 percentage points than that in November, during which, the import price of product in petroleum and natural gas exploitation industry, while the import price of product in nonferrous metal industry drops 30.4%. The import price of product in manufacture drops 5.8%, lowering 6.8 percentage points than that in November.
According to the main commodities, the import price of crude oil and iron sand drops dramatically. In November, the import price of crude oil in China drops 40.2%, lowering 30.5 percentage points than that in November；the import price of iron sand drops 26.5%, lowering 35.2 percentage points than that in November; the import price of edible vegetable oil drops 13.8%, lowering 28.2 percentage points than that in November; The import price of nonferrous metal drops 22.5%, lowering 1.5 percentage points than that in November.
Ⅱ、The export price rises slightly
In December, the export price of commodities in China rises 5.1%, a drop of 0.4 percentage point than that in November, during which, the export price of primary products rises 13.4%, a drop of 9 percentage points than that in November; the export price of industrial product rises 5.3%, a drop of 0.3 percentage point than that in November. The export price of consumable goods and semi-finished product rises 11.4% and7.9% separately, and the export price of capital goods drops 6.3%.
According to the classification standards for national economic industries, the export price of products of agriculture, forestry, animal husbandry and fishery rises 10.8%, a drop of 3.9 percentage points than that in November. The export price of mining rises 30.7%, a drop of 4 percentage points than that in November. During which, the export price of coal exploitation rises 88.8%, and the export price of petroleum and natural gas rises 4.8%. The export price of manufacture product rises 5.1%, a drop of 0.4 percentage point. During which, the export price of product in food manufacture rises 19.8%, the export price of product in textile, clothes, shoes and hat manufacture rises 11.4%, and the export price of product in furniture manufacture rises 13.2%.
According to the main commodities, the increase of export price of agricultural product and crude oil drops to some extend. In December, the export price of agricultural product rises 17.6%, a drop of 3.2 percentage points than that in November; the export price of crude oil rises 5.2%, a drop of 2.2 percentage points than that in November; the export price of edible vegetable oil rises 7.8%, a drop of 15.9 percentage points than that in November; and the export price of steel rises 28.7%, a drop of 17.9 percentage points than that in November.Source: www.chinanews.com
Keywords:Commodity Drops
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