(Economic Observation) China's foreign trade highlights six highlights in 2020

  China News Service, Beijing, January 14th, title: Six highlights of China's foreign trade in 2020

  China News Agency reporter Li Xiaoyu

  China's foreign trade data in 2020 will be released on the 14th.

As global trade has shrunk significantly due to the epidemic, China's foreign trade has not only grown against the trend, but its quality has also improved significantly, showing six bright spots.

Data map: The picture shows the Xiamen Port Haitian Container Terminal.

Photo by China News Agency reporter Wang Dongming

The total value of imports, exports and exports both hit new highs

  According to official data, in 2020, China’s foreign trade quickly stabilized after a brief decline in the first quarter. The total value of imports and exports for the year exceeded 32 trillion yuan (RMB, the same below), and the total export value reached 17.93 trillion yuan, both hitting a record high. .

  In the context of the severe impact of the epidemic on global trade, the total value of China's imports and exports rose instead of falling, and the results were significantly better than expected, fully highlighting China's strong foreign trade resilience and competitiveness.

International market share set the best record in history

  Li Kuiwen, a spokesperson for the General Administration of Customs of China, said that in 2020, China's international foreign trade market share will hit a record high, becoming the only major economy in the world to achieve positive growth in goods trade, and its status as the largest country in goods trade has been further consolidated.

  In addition, according to data published by WTO and other countries, the international market share of China's import and export, export and import reached 12.8%, 14.2%, and 11.5% in the first 10 months of 2020, which are the best levels in history.

Accelerated economic recovery drives imports to pick up

  China's economic recovery progress is leading the world, coupled with the prominent advantages of the ultra-large market, so that imports have remained basically stable under the impact of the epidemic.

  In 2020, China's imports of resource-based products such as crude oil and metal ore increased by 7.3% and 7% respectively, and imports of agricultural products such as grain and meat increased by 28% and 60.4% respectively.

Corporate resilience and vitality

  In 2020, the total import and export value of Chinese private enterprises increased by 11.1% year-on-year, accounting for 46.6% of the total foreign trade value, an increase of 3.9 percentage points from 2019.

  Private enterprises have always been known for their quick response and strong resilience, and they are the "stabilizers" of foreign trade.

The increase in the proportion of private enterprises means that China has a more solid foundation for stabilizing foreign trade, and the vitality and competitiveness of foreign trade will be further enhanced.

Better trade structure

  In 2020, the import and export of general trade, which has a longer industrial chain and better reflects the development level of the manufacturing industry, increased by 3.4% year-on-year, and the proportion increased by 0.9 percentage points from 2019, indicating that China's foreign trade quality has further improved.

  Regional development of foreign trade is also more balanced.

In 2020, the imports and exports of the central and western regions, which have relatively low levels of economic development, increased by 11% year-on-year, accounting for 17.5%, an increase of 1.4 percentage points from 2019.

Cross-border e-commerce and other new business formats welcome "blowout"

  Thanks to various official support policies, new trade formats and models such as cross-border e-commerce have experienced explosive growth under the epidemic.

According to customs statistics, China's cross-border e-commerce imports and exports are 1.69 trillion yuan in 2020, a year-on-year increase of 31.1%, becoming an important force in stabilizing foreign trade.

Among them, exports were 1.12 trillion yuan, an increase of 40.1%; imports were 0.57 trillion yuan, an increase of 16.5%.

  Li Kuiwen said that in the future, he will continue to improve the regulatory and statistical systems to promote the development of new forms of cross-border e-commerce.