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Customs: Price Rise of Bulk Stock Promotes Import and Export

Data Analysis 01:34PM Oct 13, 2017 Source:SMM

SHANGHAI, Oct. 13 (SMM)-On Oct.13th, Huang SongPing, the press spokesman of the General Administration of Customs, said price rise of bulk stock promotes increase of import as well as export. During first three quarters of this year, influenced by price rise of foreign bulk stock, the average price of imported iron ore in China rises 38.4%, crude oil rises 33%, copper rises 29.2% and coal rises 75.4%, which raises overall price of imported commodities in China by 10.6%. Price rise of imported goods has contributed 52.5% to total import value. Meanwhile, price rise of imported goods is conducted to export process, raising price of exported goods by 4.8%, which contributes 41.5% to total export value.


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Key Words:  customs   import   export