Metallurgy / Chemicals / Rubber & Plastics

In the first three quarters of this year, thanks to the efficient coordination of epidemic prevention and control and economic and social development, the total import and export volume of China's five minerals and chemical industry achieved double-digit growth year-on-year. According to customs data, from January to September, the total import and export volume of China's mining and chemical industry was US $1527.7 billion, accounting for 32.1% of the national total import and export volume, with a year-on-year growth of 16.4%. Among them, the export volume was 579.4 billion US dollars, accounting for 21.5% of the total national export volume, with a year-on-year growth of 22.7%; Imports reached US $948.3 billion, accounting for 46.2% of the country's total imports, up 12.8% year on year. Jiang Hui, President of China Chamber of Commerce for Import and Export of Minerals and Chemicals, predicted that in the fourth quarter, the import and export of China's minerals and chemicals industry will continue to maintain the momentum of growth, but due to the high base last year and global inflation and other factors, the growth rate of import and export will fall back.

"Since this year, the general trade exports of China's Minmetals and Chemical Industry have achieved a substantial year-on-year growth, and the proportion of general trade exports has increased significantly, which fully shows that the trade mode of Minmetals and Chemical Industry is gradually optimized." Jiang Hui said. According to customs data, from January to September, the general trade export of the Minmetals and Chemical Industry was USD 461.1 billion, up 27.7% year on year, accounting for 79.6%, 3.1 percentage points higher than the same period last year; The export of processing trade was 49.1 billion US dollars, up 7.6% year on year, accounting for 8.5%, 1.2 percentage points lower than the same period last year; Exports of other trade modes reached US $69.2 billion, up 5.9% year on year, accounting for 11.9%, down 1.9 percentage points from the same period last year.

ASEAN and EU are the main export markets

Chemical products, hardware and building materials became the main export products of China's five minerals and chemical industry in the first three quarters. According to customs data, from January to September, the export of chemical products in the Minmetals and Chemicals industry reached 256 billion US dollars, up 27.5% year on year, accounting for 44.2% of the total export of the industry; The export of hardware and building materials reached USD 181.9 billion, up 11.1% year on year, accounting for 31.4% of the total export of the industry; The export of mineral products reached USD 141.5 billion, up 31.5% year on year, accounting for 24.4% of the total export of the industry.

ASEAN and EU have become the main export markets of China's mining and chemical industry. In the first three quarters, China's mining and chemical industry achieved double-digit growth in exports to these two markets. "At present, ASEAN is the largest export market of China's mining and chemical industry. The Regional Comprehensive Economic Partnership Agreement (RCEP) officially came into force on January 1 this year, and China's mining and chemical industry's exports to ASEAN have increased significantly. According to customs data, from January to September, China's mining and chemical industry exported $117.9 billion to ASEAN, a year-on-year increase of 26.1%, accounting for 20.3%." Jiang Hui said.

The EU is the second largest export market of China's mining and chemical industry. From January to September, China's mining and chemical industry exported US $71.2 billion to the EU, a year-on-year growth of 30.0%, accounting for 12.3%. "The European Union is one of the world's important production bases. Since this year, international energy prices have risen sharply. High energy prices have affected the production order of the European Union, raised the production costs of European enterprises, and some energy consuming enterprises have stopped production. For this reason, the European Union has increased its procurement of Chinese goods, and the export of China's mineral and chemical industries to the European Union has achieved a substantial growth." Jiang Hui said.

In the first three quarters, the export growth of China's mining and chemical industry to the United States was significantly lower than the industry average, which was mainly affected by the high inflation in the United States. According to customs data, from January to September, China's mining and chemical industry exported $57.8 billion to the United States, up 9.2% year on year, accounting for 10%.

The import of chemical products and mineral products increased significantly

Among the imported products of China's five minerals and chemical industry, chemical products and mineral products became the main imported products in the first three quarters. According to customs data, from January to September, the import of chemical products reached 518.4 billion US dollars, up 25.3% year on year, accounting for 54.7% of the total import of the industry; The import of mineral products was USD 399.8 billion, up 2% year on year, accounting for 42.2% of the total import of the industry; The import of hardware and building materials was US $30.1 billion, down 13.3% year on year, accounting for 3.2% of the total import of the industry.

At present, ASEAN is the largest import market of China's mining and chemical industry. "Benefiting from the implementation of RCEP, China's mining and chemical industry has achieved a substantial increase in imports from ASEAN since this year." Jiang Hui said. From January to September, China's mining and chemical industry imported US $117.6 billion from ASEAN, a year-on-year increase of 18.0%, accounting for 12.4%.

Affected by the sharp drop in iron ore prices, since this year, the import of China's five minerals and chemical industry from Australia has declined against the trend. From January to September, China's mining and chemical industry imported US $97.3 billion from Australia, down 18.5% year on year, accounting for 10.3%. Among them, China's iron ore imports from Australia amounted to US $64 billion, accounting for 65.8% of the total imports of China's mining and chemical industry from Australia, a year-on-year decrease of 31.0%.

Affected by the soaring international oil prices, China's mining and chemical industry has witnessed a substantial increase in imports from Saudi Arabia since this year. From January to September, China's mining and chemical industry imported US $59.3 billion from Saudi Arabia, a year-on-year increase of 45.8%, accounting for 6.3%. Among them, China imported US $49.6 billion of crude oil from Saudi Arabia, accounting for 83.6% of the total imports of China's five minerals and chemical industry from Saudi Arabia, a year-on-year increase of 56.9%.