On February 6, the China Petroleum and Chemical Industry Federation issued a report predicting that in 2012, China’s foreign trade growth in petroleum and chemical products will slow down, taking into account factors such as the slowdown in global economic growth and the sluggish demand in the international market. The growth rate of total trade will drop to about 20%. In 2011, the total growth of the industry's import and export trade was 32.3%. According to Prince Min, deputy director of the Information and Marketing Department of the China Petroleum and Chemical Industry Federation, the main reason for the slowdown in growth is that the major destinations for China’s petrochemical exports, such as Europe and the United States, have not yet emerged from the shadow of the financial crisis. The foundation for recovery is still not solid. In order to protect the stability of their industries and markets, these countries will do more work in revitalizing their industries. This will reduce their demand for imported products from abroad and will directly affect the export of China's petrochemical products. Fan Debiao, director of the Information and Statistics Division of the China Petroleum and Chemical Industry Federation, believes that the turbulent international situation will have little impact on the import of China's petrochemical products. Because China's major petrochemical products have large gaps: synthetic resins, synthetic fiber monomers, basic organic chemical raw materials, etc. require large amounts of imports each year. In 2011, imports were 30.26 million tons, 33.932 million tons and 15 million tons respectively. Demand in the international market is sluggish, which will in turn push major exporters of petrochemical products such as the Middle East, Japan, and South Korea to increase their exports to China. In recent years, the production capacity of petrochemicals such as methanol, polyethylene, and polypropylene in the Middle East has grown rapidly. The export volume to China has been increasing year by year. With the advantage of low cost, if the import growth is large, it will also cause the production of related domestic companies. Negative Effects. According to the latest customs statistics, the total import and export trade volume of China's petroleum and chemical industries reached US$607.146 billion in 2011, an increase of 32.3% over the previous year. Among them, the import value was 434.805 billion U.S. dollars, an increase of 34% over the previous year; the export value was 172.341 billion U.S. dollars, an increase of 28.3% over the previous year. While the total volume of import and export trade maintained a high growth, the export structure of China's petrochemical products is also being further optimized. Rubber products, organic chemicals, and specialty chemicals are the three pillars of industrial exports. In 2011, the proportion of China's rubber products in total exports continued to decline, while the proportion of exports of organic chemicals, specialty chemicals, and synthetic materials increased. Van De Biao believes that the trend of structural optimization of export products will continue in 2012. Bicycle Spokes,Bike Spoke,Sapim Laser,Tire Spokes SHAOXING KUNLUN IMP AND EXP CO.,LTD , https://www.shaoxingkunlun.com