In the latest list of China's top ten export commodities issued by the General Administration of Customs, the resources of commodity steel ranked first for the first time, and mechanical and electrical products still ranked first. The gap between electromechanical exports and the top three narrowed. In 2004, China's exports of mechanical and electrical products reached 323.4 billion US dollars, ranking fourth in the world. The gap with the top three Germany, the United States and Japan has gradually narrowed. China has entered the ranks of major exporters of electromechanical products. At present, the number and amount of exports of color TVs, DVD players, mobile phones, monitors, program-controlled switches, air conditioners, containers, optical components, power tools, microwave ovens and other products made in China rank first in the world, and motorcycle exports rank among the world. second. In contrast, in 1985, China’s exports of mechanical and electrical products reached US$1.68 billion, ranking 28th in the world, accounting for about two-thousandths of the world’s trade in electromechanical products. In 1996, China rose to No. 15 with US$48.21 billion, but exported. The amount is only one-seventh of that of the United States and Japan, and one-sixth of Germany. Since the reform and opening up, China's export commodity structure has experienced two important leaps. One was that in 1986, textiles and clothing replaced oil as the largest export product in China, marking the leap from export-oriented products to labor-intensive products. Another time was that mechanical and electrical products replaced textiles and clothing in 1995. A large class of export commodities marks the beginning of the transformation of export commodities from labor-intensive to capital-intensive. In 2004, China’s total foreign trade reached US$1,154.8 billion, surpassing Japan and becoming the world’s third largest trading nation. Industrial products have occupied the absolute dominant position of China's exports. In 1981, the proportion of exports of industrial products in China exceeded the proportion of exports of primary products for the first time. Since 1992, the proportion of exports of industrial products has reached more than 80%. In 2004, the export value of industrial products reached 552.82 billion US dollars, accounting for 93.2% of total exports. Looking at the discovery of China's exports of ten major commodities in 2004, the structure of China's export commodities is constantly being optimized. Most of the major export commodities in 1993 were lower value-added commodities such as sugar, cigarettes, edible oilseeds, tea, artificial flowers, etc., which were replaced by higher value-added goods in 2004, such as automatic data processing equipment. Parts, handheld or in-vehicle radiotelephones, integrated circuits and microelectronic components, stationary converters, wires and cables, ships, automotive parts, etc. Steel exports come to the fore In the recent iron ore price increase incident, China Baosteel Group negotiated on behalf of China's steel manufacturing industry and international iron ore giants. This shows that China's steel industry status is rising. In recent years, China's steel production has not only increased in quantity but also in quality, and has also emerged in the international market. The export volume has grown rapidly after years of accession. Before 1990, except for 7.2 million tons of steel exported in 1982, China's steel exports were less than one million tons. In 2001, China exported 4.74 million tons of steel. In 2004, the export volume exceeded the 10 million tons mark, reaching 14.23 million tons, two times more than in 2001 when it entered the WTO. Since May last year, China's steel exports have exceeded 1 million tons for 8 consecutive months, reaching 1.92 million tons in November, valued at 1.16 billion US dollars, an increase of 2.3 times and 3.3 times. The first-month export was 130,000 tons more than imports. Monthly net exporter of steel. In December, steel exports reached a new high, exporting 2.16 million tons, and net exports of steel in a single month increased to a record 210,000 tons. Last year, the cumulative export of steel was 14.23 million tons, valued at 8.34 billion US dollars, an increase of 1 time and 1.7 times. Among them, steel plates and steel bars were exported 5.78 million tons and 4.47 million tons, respectively, an increase of 2.2 times and 86.9%. In addition to steel, last year China exported 6.06 million tons of steel billets and rough forgings, valued at 2.31 billion US dollars, with a rapid growth of 3.1 times and 5.2 times, and both export volume and amount reached record highs. With the comprehensive strength of China's iron and steel enterprises and the competitiveness of the international market have significantly increased, the pace of enterprises' march toward large-scale and internationalization is gradually accelerating. A large number of large-scale steel production and export enterprises have emerged in China, Anshan Iron and Steel, Baosteel, Wuhan Iron and Steel, and Xianggang And Shougang's monthly export volume exceeds 500,000 tons
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