[Commentary] On October 13, the State Council Information Office held a press conference to introduce the import and export situation in the first three quarters of 2020.
At the meeting, Li Kuiwen, a spokesperson for the General Administration of Customs and Director of the Department of Statistics and Analysis, introduced that the total value of China's import and export of goods in the first three quarters increased by 0.7% year-on-year, and foreign trade has stabilized quarter by quarter.
[Concurrent] Li Kuiwen, Director of the Statistical Analysis Department, Spokesperson of the General Administration of Customs
In the first three quarters, the total value of my country's imports and exports of goods trade was RMB 23.12 trillion, an increase of 0.7% over the same period last year (2019).
Foreign trade imports and exports stabilized quarter by quarter, and the cumulative growth rate turned negative to positive.
In the first and second quarters of this year (2020), my country’s import and export growth rates were -6.5% and -0.2% respectively. In the third quarter, my country’s imports and exports were 8.88 trillion yuan, a year-on-year increase of 7.5%. The total value of imports and exports and total exports in the third quarter were The total value of imports all hit a quarterly record high.
In the first eight months, cumulative exports achieved positive growth, and cumulative imports and exports achieved positive growth in the first three quarters.
The overall performance of foreign trade import and export was better than expected.
[Explanation] Li Kuiwen said that in the first three quarters of 2020, China's trade structure has been further optimized, and imports and exports to major trading partners have maintained growth.
[Concurrent] Li Kuiwen, Director of the Statistical Analysis Department, Spokesperson of the General Administration of Customs
In the first three quarters, imports and exports to ASEAN, the EU, the United States, Japan, and South Korea were 3.38 trillion yuan, 3.23 trillion yuan, 2.82 trillion yuan, 1.61 trillion yuan, and 1.45 trillion yuan respectively, an increase of 7.7% and 2.9% respectively , 2%, 1.4% and 1.1%. Among them, ASEAN is my country’s largest trading partner, accounting for 14.6% of my country’s total foreign trade value.
In addition, my country’s imports and exports to countries along the “Belt and Road” were 6.75 trillion yuan, an increase of 1.5%.
[Commentary] Li Kuiwen said that the current situation facing China's foreign trade development is complex and severe. With the in-depth implementation of policies and measures, the stable and positive momentum of China's foreign trade import and export will continue to be consolidated.
[Concurrent] Li Kuiwen, Director of the Statistical Analysis Department, Spokesperson of the General Administration of Customs
At present, the global new crown pneumonia epidemic is still spreading, and the global industrial chain and supply chain are still blocked. The situation facing my country's foreign trade development is still relatively complicated and severe.
But at the same time, we must also see that China's foreign trade development has strong resilience, full potential, and large room for maneuver. The long-term development trend for the better has not changed.
With the in-depth implementation of the "six stability" and "six guarantees" and other policy measures, the new development pattern with the domestic cycle as the mainstay and the domestic and international double cycles promoting each other continues to advance, and the momentum of my country's economic development and foreign trade import and export stabilization will continue to be consolidated. .
Cheng Yu reports from Beijing
Editor in charge: [Ji Xiang]