source: Economic Daily
in the first three quarters of this year, China's foreign trade import and export continued to maintain rapid growth, showing the characteristics of sufficient toughness and stable quality improvement.
on October 13, the data released by the General Administration of Customs showed that in the first three quarters, the total value of China's import and export of goods trade reached 28.33 trillion yuan, an increase of 22.7% over the same period last year. Among them, the export was 15.55 trillion yuan, an increase of 22.7%; the import was 12.78 trillion yuan, an increase of 22.6%. Compared with the same period in 2019, the foreign trade import and export, export and import increased by 23.4%, 24.5% and 22% respectively.
Li Kuiwen, spokesman of the General Administration of customs and director of the Department of statistics and analysis, said that due to the high base of foreign trade last year, the growth rate of import and export may fall in the fourth quarter of this year, but the overall trend of China's foreign trade will not change, and it is still expected to achieve rapid growth throughout the year.
" since this year, the foundation for the steady and qualitative improvement of China's foreign trade volume has been further consolidated, which is mainly reflected in the growth of imports and exports with major trading partners, the increase of the proportion of imports and exports of general trade and the enhancement of the vitality of foreign trade operators. There are four main factors to support the growth of China's foreign trade." Li Kuiwen believes that first, the domestic economy continues to recover and develop, laying a solid foundation for the sustained growth of foreign trade. In the first eight months of this year, the added value of industries above Designated Size, total retail sales of social consumer goods, investment in fixed assets and other major economic indicators maintained rapid growth, and domestic production and consumer demand were stable, providing strong support for the growth of foreign trade; Second, the global economy and trade have warmed up, and the increased demand in the international market is good for China's exports; Third, the rise in international commodity prices has become an important factor driving up the import value. As of mid October, the Reuters CRB index, which reflects commodity prices in the international market, has risen by more than 40% compared with the end of last year and more than 130% compared with the lowest point of last year; Fourth, the effect of China's foreign trade steady growth policy continued to show. The release of the effects of a series of stable foreign trade policies not only boosted the confidence of enterprises and boosted the "acceleration" of foreign trade, but also injected strong vitality into building new advantages of opening to the outside world
in the first three quarters, while foreign trade import and export maintained a rapid growth trend, new achievements were made in high-quality development, the share of the international market was further increased, the role of high-level open platform was strengthened, new business forms and new models were booming, regional layout was more coordinated, and export growth momentum was sufficient
as a high-level open platform, the import and export of China's comprehensive bonded areas amounted to 4.08 trillion yuan in the first three quarters, an increase of 26.3%, 3.6 percentage points higher than the overall growth rate; The import and export of the pilot free trade zone was 4.67 trillion yuan, an increase of 27.6%; The amount of duty-free shopping in Hainan outlying islands was 35.54 billion yuan, an increase of 120.8%. At the same time, new business forms and models represented by cross-border e-commerce and market procurement trade have developed rapidly. In the first three quarters, China's cross-border e-commerce import and export increased by 20.1%, and market procurement and export increased by 37.7%
"On the whole, China's foreign trade export growth momentum is relatively sufficient, especially the export of intermediate products increased by nearly 30%, driving the export growth by 13.2 percentage points, which has effectively supported the smooth operation of the global industrial chain and supply chain. At the same time, the export of mechanical and electrical products with high added value and some labor-intensive products also maintained a rapid growth momentum." Li Kuiwen said
data show that the total import and export value in the first quarter, second quarter and third quarter of this year was 8.51 trillion yuan, 9.59 trillion yuan and 102300 billion yuan respectively. Although the export scale continued to grow, it increased by 29.7%, 25.2% and 15.2% year-on-year respectively, and the growth rate showed a downward trend quarter by quarter. On the whole, the current development of foreign trade is more favorable than that of Kuiwen. On the one hand, the long-term fundamentals of China's economy have not changed, and the development trend of steady increase in foreign trade volume and quality has been well supported. On the other hand, the global epidemic fluctuates, the world economy recovers hard, and the external environment becomes more complex and severe. China's foreign trade development still faces many unstable and uncertain factors