In the first 11 months of 2012, the magnesium export volume in Shanxi dropped by nearly 50%

As China’s economic stabilization signal is evident, news of imports and exports from negative to positive has frequently been heard here. However, the latest data released by the Shanxi Provincial Department of Commerce on the 27th show that since the beginning of this year, due to the bulk commodities such as Shanxi coke and iron ore The sluggish trend has dragged the province’s imports and exports into negative growth. From January to November, the total value of imports and exports in Shanxi Province was US$13.07 billion, a year-on-year decrease of 1.1%.

Shanxi Province as the world's largest coke production base, coke exports have been leading in the country, but according to Shanxi Provincial Department of Commerce data show that from January to November, Shanxi coke exports 388,000 tons, down 75.6%, export value of 184 million US dollars, down 75.3%, a decrease of 563 million U.S. dollars.

In addition to coke, Shanxi coal, stainless steel, and magnesium exports have also been sluggish. From January to November, coal exports fell by 31.9%; stainless steel exports fell by 17.4%; and magnesium metal exports dropped by 45.8%.

According to the Shanxi Provincial Department of Commerce, from January to November, Shanxi's four major commodities including coke, coal, stainless steel, and magnesium were exported 1.34 billion U.S. dollars, a decrease of 42% from the same period of last year, and the proportion of total export value decreased from 47.6% in the same period of last year. To 23%.

Industry analysts believe that the main reason why exports are so sluggish is that the economies of major export destinations such as the United States and Europe have yet to enter a stage of full recovery.

On the other hand, the sharp decrease in the import of Shanxi's mineral products has become the main reason for the drop in imports from the province. From January to November, imports of mineral products decreased by 31%, a decrease of 1.523 billion U.S. dollars from the same period of last year, accounting for 136.7% of the province's import reduction, and affecting imports of the entire province of Shanxi by 18.2%.