Export Prices Of Footwear And Other Commodities In October

In October, China's export commodity price index was 106.2 (Fisher index, =100 last year, the same below), a slight increase of 0.2 percentage points over September, and the import price index of 106.8, an increase of 4.5 percentage points over September.

In October, the terms of trade for import and export commodities were 99.4, down 4.2 percentage points from September, which means exporting the same quantity of goods and exchanging less than 0.6% of imports. The terms of trade are deteriorating compared with September.

In October, the price fluctuation of China's import and export commodities showed the following characteristics: first, the prices of export commodities rose steadily; in October, the price of China's export commodities rose by 6.2%, basically unchanged from September, and the export price increase was still fluctuating within the normal range.

(1) the export price of primary products increased substantially, and the export price of industrial products dropped.

According to SITC classification, the export prices of primary products in China increased by 12.5% in October, up 7.3 percentage points from September. Among them, food and activities increased by 10.2%, beverages and cigarettes increased by 16%, industrial raw materials increased by 8.9%, fuel increased by 16.6%, and animal and vegetable oils increased by 36.1%.

The export price of industrial products increased by 6%, 2.5 percentage points lower than that in September. Among them, chemical products increased by 16.6%, manufactured goods increased by 8.8%, machinery pportation equipment increased by 2.5%, clothing increased by 13.8%, and footwear increased by 6.1%.

(two) the export price of consumer goods and intermediate products has increased to below 10%, and the export prices of capital goods have declined.

According to BEC classification, the export price of food and beverage in China increased by 11.2% in October, industrial supplies increased by 11.3%, fuel and lubricants increased by 14%, capital goods except pportation equipment decreased by 3.6%, and pportation equipment increased by 7.4%.

According to the classification of final products in BEC classification, the export prices of consumer goods and intermediate products increased by 8.3% and 4.6% respectively, and the export prices of capital goods fell by 1%.

(three) animal husbandry has led the export price of the primary industry, and the export price of the second industry has been rising steadily.

According to the classification of the national economy, China's agricultural, forestry, animal husbandry and fishery export prices increased by 7% in October, of which agriculture increased by 7.1%, livestock industry increased by 20.5%, manufacturing industry increased by 6.6%, of which, food manufacturing increased by 10.2%, textile and clothing, shoes and hats manufacturing increased 15.3%, plastic products increased 13.7%, metal products increased by 5.9%, and communications equipment and computer manufacturing increased by 0.1%.

(four) crude oil export prices rebounded sharply, and export prices of edible vegetable oils continued to rise.

In October, the export price of crude oil for export of key commodities increased by 28.6%, edible vegetable oil increased by 50.6%, agricultural products increased by 10.1%, non-ferrous metals increased by 9.9%, steel and iron products increased by 19.4%, and steel products increased by 16.9%.

Two, the price of imported goods rebounded strongly. In October, the price of China's imports increased by 6.8%, up 4.5 percentage points compared with September, and returned to the level of the first few months.

(1) the import prices of primary products are running at a high level and the import prices of industrial products have picked up.

According to SITC classification, the import price of primary products increased by 23.8% in October, of which 11% of food and movable products, 9.4% of beverages and cigarettes, 25.6% of industrial raw materials, 21.7% of fuel and 62% of animal and vegetable oils.

The import price of industrial products increased by 1.1%. Among them, chemical products increased by 8.5%, manufactured goods increased by 9.5%, machinery pportation equipment increased by 15.3%, and professional, scientific and control instruments and equipment decreased by 16.8%.

(two) the import price of intermediate products has increased by more than 10%.

According to BEC classification, import and export prices of food and beverages increased by 40.4% in October, industrial supplies increased by 11.8%, fuels and lubricants increased by 22.3%, capital goods increased by 8.1% except pportation equipment, and pportation equipment increased by 10%.

The import prices of consumer goods, intermediate goods and capital goods increased by 4.2%, 14.6% and 1.9% respectively, according to the end use classification of products.

(three) the gap between the first, second industry's import prices continues to widen.

According to the classification of national economy, the import price of agriculture, forestry, animal husbandry and fishery increased by 26.1% in October, of which agriculture rose by 44.9%, and manufacturing industry increased by 5.1%. Among them, the food industry increased by 34.4%, oil, coking and nuclear fuel processing industry increased by 18%, plastic products industry increased 3.6%, metal products industry increased by 12.5%, and communications equipment and computer manufacturing increased 9.7%.

The first, second industry's import price increase widened from 21 percentage points in September to 16.3 percentage points.

(four) import prices of key commodities such as iron ore and crude oil have risen sharply.

In October, China's edible vegetable oil increased by 62.3%, pork import prices increased by 55.4%, agricultural products increased by 31.4%, non-ferrous metals increased by 16.1%, mechanical and electrical equipment increased by 2.3%, and the import price of these commodities increased by little compared with September. In October, the import prices of iron ore and crude oil rose faster, rising 40.5% and 22.3% respectively, up 15.6 and 21.9 percentage points respectively over September.