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According to data released by the General Administration of Customs on October 7, China’s foreign trade imports and exports were 2.84 trillion yuan, an increase of 4.6%, continuing the earlier trend of rapid growth. and achieving positive growth for five consecutive months. Among them, exports were 1.62 trillion yuan, an increase of 7.6%; imports were 1.22 trillion yuan, an increase of 0.9%; the trade surplus was 401.75 billion yuan, an increase of 34.9%.
In the first 10 months of this year, the total value of China’s commercial goods imports and exports was 25.95 trillion yuan, an increase of 1.1% year-on-year. Among them, exports were 14.33 billion yuan, an increase of 2.4%; imports were 11.62 billion yuan, a decrease of 0.5%; the trade surplus was 2.71 trillion yuan, an increase of 16.9%.
“While the scale of trade continues to increase, China’s export market share is also increasing. In the context of a severe global economic recession and a significant reduction in external demand, this highlights the strong resistance of China’s foreign trade. . “Said Li Kuiwen, spokesman for the General Administration of Customs and Director of the Department of Statistical Analysis.
As the largest market entity in China’s foreign trade, most of the private enterprises have faced difficulties and have become the main driving force of China’s foreign trade development. In the first 10 months, the import and export of private companies was 12 billion yuan, an increase of 10.5%, accounting for 46.2% of the total value of China’s foreign trade, an increase of 3, 9% compared to the same period last year.
From the perspective of major trading partners, ASEAN continues to maintain its position as China’s largest trading partner. In the first 10 months, China’s imports and exports to ASEAN were 3.79 trillion yuan, an increase of 7% year-on-year, accounting for 14.6% of the total value of China’s foreign trade. At the same time, China’s imports and exports with trading partners such as the European Union, the United States, and Japan have also achieved growth.
“It is worth noting that in the first 10 months, China’s foreign trade imports and exports with countries along the ‘Belt and Road’ route totaled 7.58 trillion yuan, a year-on-year increase of 1.4%. , and China’s foreign trade share continued to rise to 29.2%. ” Researcher, Research Institute of the Ministry of Commerce Xu Deshun said that a series of measures taken by China to stabilize foreign trade have produced positive effects and will help accelerate the recovery of the economy and global trade.
While China’s foreign trade has achieved scale growth, its trade structure has also been optimized. According to statistics, in the first 10 months, China’s general trade imports and exports amounted to 15.6 trillion yuan, an increase of 2.8%, accounting for 60.1% of the total value of foreign trade China, a 1% increase over the same period last year. In the same period, the import and export of processing trade was 6.09 trillion yuan, down 6.2%. In terms of commodity types, in the first 10 months, the export of mechanical and electrical products with the highest added value was 8.45 trillion yuan, an increase of 3.8%, accounting for 59% of the value. total export. Due to the increase in overseas epidemic prevention demand, the export of textiles, including masks, was 908.41 billion yuan, an increase of 34.8%.
Since the beginning of this year, the central and western regions have continuously seized the potential of foreign trade, and the import and export of foreign trade have been active, and the growth rate has led the country. In the first 10 months, the growth rate of foreign trade in the central and western regions was 8.5%, 7.4 percentage points higher than the national growth rate. The share of trade increased by 1.2 percentage points over the same period last year. Among them, the growth rates of imports and exports of Sichuan, Guizhou, Jiangxi, Anhui and Chongqing are among the top five in the country. With the further acceleration of expansion and general openness, the central and western regions are expected to become an important force in stabilizing China’s foreign trade development. (Gu Yang, reporter for Economic Daily and China Economic Net)
