Plastic products exports tumbled in March
Plastic products exports tumbled in March
March export data in China presents the largest decline since more than a year, the overall exports by 14.6%. Plastic products export situation is not optimistic, down nearly 25%.
In march, according to customs data released today plastic products exports of 530000 tons, the amount of $1.94 billion. Compared with the same period last year, exports fell by 23.2%, exports is shrunk by 24.6%.
In march of last year's plastic products exports of 690000 tons, exports of $2.59 billion.
In fact, this year 1 to 2 months in China plastic products export to achieve the high speed growth, volume growth reached 24.5%, growth of 20.6%. Thanks to this, the first quarter of this year's plastic products export still achieved 8.1% volume growth and 5.9% of the amount of growth.
Some economists argue that the Numbers affected by the lunar New Year holiday in late February. For export manufacturers holiday after the restart, need some time to produce the products and shipped to the port for export.
Markets expect the government to further economic growth policy.
