In the first 7 months, the total value of imports and exports increased by 24.5% year-on-year, which has been a positive growth for 14 consecutive months.
Stable growth of my country's foreign trade is consolidated
Our reporter Gu Yang
According to data released by the General Administration of Customs on August 7th, in the first seven months, my country’s total import and export value was 21.34 trillion yuan, a year-on-year increase of 24.5% and a year-on-year increase of 22.3%.
Among them, exports were 11.66 trillion yuan, a year-on-year increase of 24.5%; imports were 9.68 trillion yuan, a year-on-year increase of 24.4%.
"In July, my country's foreign trade continued to maintain a good momentum of development, and the total value of imports and exports achieved positive year-on-year growth for the 14th consecutive month." Li Kuiwen, Director of the Statistics and Analysis Department of the General Administration of Customs, said that in July, the total value of my country's imports and exports was 3.27 trillion. Yuan, an increase of 11.5% year-on-year and an increase of 18.8% year-on-year.
Under the combined effect of multiple factors such as global supply and demand, my country's foreign trade has achieved sustained and rapid growth since the beginning of this year.
On the one hand, the gradual recovery of the global economy has boosted the demand for international trade and formed a strong support for my country’s exports; on the other hand, the sustained and stable recovery of my country’s economy has also driven the rapid growth of imports.
On the whole, the current steady growth of my country's foreign trade has been further consolidated.
Statistics show that my country's private enterprises have the fastest growth rate of import and export, and their proportion has further increased.
In the first seven months, the import and export of private enterprises was 10.23 trillion yuan, a year-on-year increase of 31%, accounting for 47.9% of my country's total foreign trade value, an increase of 2.4 percentage points over the same period last year.
In terms of trading partners, my country’s imports and exports to ASEAN, the EU, the United States, and Japan were 3.12 trillion yuan, 2.96 trillion yuan, 2.62 trillion yuan, and 1.37 trillion yuan, respectively, representing a year-on-year increase of 24.6%, 23.4%, 28.9% and 12.6. %.
Among them, ASEAN is my country's largest trading partner, accounting for 14.6% of my country's total foreign trade value.
From the perspective of product structure, exports of mechanical and electrical products and labor-intensive products have both increased.
Among them, the export of mechanical and electrical products increased by 25.5%, accounting for 59% of the total export value.
The export of automatic data processing equipment and its parts, mobile phones, automobiles and other products all performed well in the market.
It is worth noting that the total value of my country's general trade import and export in the first 7 months reached 13.21 trillion yuan, a year-on-year increase of 27.6%. The proportion of trade increased by 1.5% compared with the same period last year, while the proportion of processing trade fell by 2%.
In terms of imports, bulk commodity imports have fluctuated in both volume and price.
Among them, the import volume of iron ore, crude oil, coal and other commodities decreased and the price rose, the import volume of natural gas increased and the price fell, and the import volume and price of soybeans rose.
From the perspective of market analysis, the rebound in external demand and the steady improvement of the domestic economy are expected to continue to provide strong support for the steady growth of foreign trade.
A recent survey conducted by the Ministry of Commerce showed that about 40% of foreign trade companies’ newly signed export orders increased year-on-year.
"However, with the gradual increase of the base in the same period last year, the growth rate of foreign trade will decline in the second half of the year, and the future development of foreign trade will still face many uncertain and unstable factors." Li Kuiwen analyzed that the current global epidemic fluctuates repeatedly and the world economy The slow recovery, coupled with problems such as high raw material prices and poor shipping and logistics, squeezed the profit margins of foreign trade companies and also affected the willingness of companies to accept orders.
In response to possible unfavorable factors such as exchange rate fluctuations and increased labor costs in the second half of the year, Li Xinggan, Director of the Foreign Trade Department of the Ministry of Commerce, said that the Ministry of Commerce will further improve the trade policy toolbox, optimize the business environment, reduce corporate costs, and support various market entities. Especially small, medium and micro foreign trade enterprises have stable production.
"While making good policy reserves, my country's high-level open platform construction will also help the steady growth of foreign trade." Yang Changyong, a researcher at the Institute of Foreign Economic Relations of the China Academy of Macroeconomics, said that in recent years, the free trade pilot zone, Hainan Free Trade Port, The construction of open platforms such as the comprehensive bonded zone and cross-border e-commerce comprehensive pilot zone is becoming more and more mature, which will help foreign trade companies make better use of the two markets and two resources, and promote smoother domestic and international dual cycles.
Li Kuiwen said that the recently released "14th Five-Year" Customs Development Plan proposed that the promotion of high-quality development of foreign trade must be placed in a more prominent position.
In the next step, we will continue to give full play to our own functional advantages, improve the efficiency and level of the domestic cycle through the international cycle, and promote the formation of my country's new advantages in participating in international economic cooperation and competition.