China's import and export, the first breakthrough!
On October 14, The State Council Information Office held a press conference, the relevant person in charge of the General Administration of Customs introduced that in the first three quarters of this year, China's import and export of goods increased steadily, and exceeded 32 trillion yuan for the first time in the history of the same period.
According to customs statistics, in the first three quarters, China's import and export value was 32.33 trillion yuan, an increase of 5.3%. Of this total, the export was 18.62 trillion yuan, up by 6.2%; Imports reached 13.71 trillion yuan, an increase of 4.1%. It mainly presents the following characteristics:
First, the total value of imports and exports reached a record high of more than 10 trillion yuan in each quarter.
China's first three quarters of history exceeded 32 trillion yuan for the first time in the same period, and the quarterly import and export data were 10.15 trillion yuan, 11 trillion yuan and 11.17 trillion yuan, respectively.
Second, various business entities remained active, and private enterprises achieved rapid growth.
In the first three quarters, the import and export of China's private enterprises was 17.78 trillion yuan, an increase of 9.4%, accounting for 55% of the total value of foreign trade, an increase of 2.1%; The import and export of foreign-invested enterprises reached 9.53 trillion yuan, an increase of 1.1%, an increase for the second consecutive quarter. Imports and exports of state-owned enterprises reached 4.95 trillion yuan, up 0.1 percent.
Third, steady progress was made in diversifying the market, and trade with more than 160 countries and regions around the world increased.
China's imports and exports to countries participating in the Belt and Road Initiative reached 15.21 trillion yuan, up 6.3% and accounting for 47.1% of the total. Imports and exports to other RCEP member states reached 9.63 trillion yuan, an increase of 4.5%, of which imports and exports to ASEAN reached 5.09 trillion yuan, an increase of 9.4%. In the same period, the import and export to the EU and the United States were 4.18 trillion yuan and 3.59 trillion yuan, up 0.9% and 4.2%, respectively.
Fourth, the structure of export products was optimized, and the export of high-end equipment increased by more than 40%.
In the first three quarters, China's export of mechanical and electrical products was 11.03 trillion yuan, an increase of 8%, accounting for 59.3% of the total export value. Among them, the export of high-end equipment increased by 43.4%, the export of integrated circuits, automobiles, and household appliances increased by 22%, 22.5%, and 15.5%, respectively. In addition, the export of traditional labor-intensive products reached 3.13 trillion yuan, an increase of 2.8%.
Fifth, imported products were diversified and the import volume of bulk commodities increased steadily.
In the first three quarters, China's import volume of bulk commodities increased by 5%. Of this total, 901 million tons were of energy products such as crude oil, natural gas and coal, up 4.8%; Iron, aluminum and other metal ores were 1.138 billion tons, up 4.9%. During the same period, the import value of integrated circuits and auto parts increased by 13.5% and 4.6% respectively. Imports of consumer goods exceeded 1.3 trillion yuan.
The relevant person in charge of the General Administration of Customs concluded that the first three quarters of China's foreign trade operation was generally stable, and exports and imports both achieved growth.
The person in charge further said that at present, the internal and external environment is more complicated, and the development of China's foreign trade is facing some challenges, mainly the intensification of global trade protection, the weak growth momentum of major markets, the heavy debt burden, and the increase of uncertain and unstable factors.
However, he stressed that the fundamentals of China's economy and the favorable conditions of a broad market, strong resilience and great potential have not changed, the stock policy and incremental policy continue to exert force, the positive factors for the development of foreign trade have accumulated, and the steady growth of imports and exports in the fourth quarter has a foundation and support.
Sunny Worldwide Logistics has more than 20 years of freight forwarding history,and over half of staffs working in Sunny about 5-13years.Emergency solutions must be offered with 30 minutes if any. You may not find other companies like us in Shenzhen.
