In the first quarter, China's total import and export value increased by 10.7% year-on-year

　　China News Service, Beijing, April 13 (Reporter Li Xiaoyu) The latest data released by the General Administration of Customs of China on the 13th showed that the total value of China's import and export of goods in the first quarter was 9.42 trillion yuan (RMB, the same below), a year-on-year increase of 10.7%. The growth rate was 18.5 percentage points lower than the same period last year.

Among them, exports increased by 13.4% and imports increased by 7.5%.

　　On a country-by-country basis, the trade volume between China and its major trading partners maintained growth in the first quarter.

Among them, the trade between China and South Korea has the fastest growth rate of 12.3%; the trade between China and Europe is second with a growth rate of 10.2%; the trade between China and the United States has increased by 9.9% year-on-year.

　　During the same period, China’s imports and exports to countries along the “Belt and Road” increased by 16.7% year-on-year, and its imports and exports to the Regional Comprehensive Economic Partnership (RCEP) trading partners increased by 6.9%.

　　In terms of products, mechanical and electrical products were still the main force of China's exports in the first quarter, accounting for 58.4% of China's total exports in the same period, a year-on-year increase of 9.8%.

Among them, the export value of solar cells doubled compared with the same period last year, and the growth rate of automobile exports was as high as 83.4%.

The export value of labor-intensive products such as bags, shoes, and toys also increased by 10.9%.

　　In terms of imports, China imported 336.25 billion yuan of agricultural products in the first quarter, a year-on-year increase of 4.1%.

Imports of mechanical and electrical products were 1.71 trillion yuan, a year-on-year increase of 2.7%, accounting for 40.8% of the total import value.

　　Li Kuiwen, spokesman for the General Administration of Customs, said at a press conference held on the same day that China's foreign trade had a stable start in the first quarter, laying a good foundation for achieving the annual goal.

However, some unexpected factors in the current international and domestic environment exceed expectations. The external environment for foreign trade is more severe and complex, and development faces many risks and challenges. With the addition of factors such as the relatively high foreign trade base last year, greater efforts are required to achieve the goal of stabilizing foreign trade.

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