According to a recent survey conducted by the China Entrepreneur Survey System under the Development Research Center of the State Council, the global economic environment is gradually improving, which has led to a positive shift in the export performance of Chinese enterprises during the first quarter. The volume of exported goods has seen a moderate recovery, with 54.3% of companies reporting an increase in their export volumes compared to the same period last year. Among these, 8.7% experienced significant growth, while 45.6% saw a modest rise. Notably, sectors such as pharmaceuticals, plastics, and automobiles witnessed particularly strong export growth, with the number of companies reporting "growth" far exceeding those experiencing a decline—by more than 50 percentage points.
In addition to the rebound in export volumes, product export prices also rose slightly. According to the survey, 28% of companies reported higher export prices year-on-year, while 52.7% noted stable pricing. Only 19.3% saw a decrease, marking a significant improvement compared to the previous quarter. This indicates a more favorable pricing environment for exporters.
On the import side, the data shows a substantial recovery as well. In the first quarter, the number of companies importing products increased by 32.9% compared to the same period last year. Nearly half (49.9%) of the companies reported stable import levels, while 17.2% experienced a decline. Industries like medicine, plastics, automotive, and communication equipment are leading the trend in rising imports.
At the same time, import prices have also seen a notable increase. The survey found that 43.2% of companies experienced higher prices for imported goods, while 47.8% reported stable prices. Only 9% saw a decrease. Price increases were observed across several key sectors, including food, textiles, paper, pharmaceuticals, chemical fibers, rubber, and plastics, indicating broader inflationary pressures in the import market.
Overall, the survey highlights a mixed but generally positive outlook for Chinese businesses, with both exports and imports showing signs of recovery, albeit at different paces and with varying price trends across industries.
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