Home » News » The Resilience of China’s Foreign Trade: Exceeding 20 Trillion Yuan in the First Half of 2021

The Resilience of China’s Foreign Trade: Exceeding 20 Trillion Yuan in the First Half of 2021

In the first half of the year, the scale of import and export exceeded 20 trillion yuan for the first time in the same period of history

my country’s foreign trade shows strong resilience (new direction of economy mid-year data observation)

People’s Daily reporter Du Haitao

According to customs statistics, the total import and export value of my country’s goods trade in the first half of the year was 20.1 trillion yuan, a year-on-year increase of 2.1%. Among them, exports were 11.46 trillion yuan, a year-on-year increase of 3.7%.

In the first half of the year, the scale of my country’s foreign trade import and export exceeded 20 trillion yuan for the first time in the same period of history. Among them, the first quarter and the second quarter reached 9.76 trillion yuan and 10.34 trillion yuan respectively, achieving positive growth year-on-year. From a quarter-on-quarter perspective, the import and export in the second quarter increased by 6% compared with the first quarter, and the average quarter-on-quarter growth in May and June was 1.2%.

Lu Daliang, spokesperson of the General Administration of Customs and director of the Statistics and Analysis Department, said at the press conference of the State Council Information Office on July 13 that in the first half of the year, in the face of a complex and severe external environment, my country adhered to the general tone of making progress while maintaining stability. The quality development is advancing steadily, the overall economic operation is picking up and improving, and the quality of foreign trade import and export is improving steadily, meeting expectations. In the first half of the year, my country’s foreign trade import and export scale achieved new breakthroughs, and the structure achieved new optimization, showing strong resilience.

Lu Daliang said that my country’s foreign trade is indeed under pressure, ups and downs, and challenges at present, but the road is long and difficult, and the journey is coming.

  Withstood the pressure, foreign trade import and export stabilized the scale and improved the quality

“In the first half of the year, the recovery of the world economy was sluggish, and the spillover effects of policy contraction in major developed economies appeared. The international market was unstable, uncertain, and unpredictable. my country’s foreign trade import and export withstood the pressure, stabilized the scale, and improved the quality. , the development of foreign trade is in line with expectations.” Lu Daliang said.

The vitality of foreign trade strengthened. In the first half of the year, there were 540,000 foreign trade enterprises in my country with import and export performance, an increase of 6.9% year-on-year. Among them, the dynamic private enterprises dominated by small, medium and micro enterprises continued to expand, with a year-on-year increase of 8.3%, and the activity of foreign trade operators was significantly enhanced. Private enterprises are also the main force for the steady growth of foreign trade. In the first half of the year, the growth rate of imports and exports was 6.8 percentage points higher than that of the whole, and the scale accounted for 52.7% of the total value of imports and exports, driving the overall growth of 4.4 percentage points.

The foreign trade structure is better. From the perspective of trade methods, the growth rate of general trade imports and exports with longer industrial chains and higher added value is faster than that of the whole, and its proportion in the total value of imports and exports has increased by 1.2 percentage points to 65.5%. The independent development ability of trade has been steadily enhanced. From the perspective of regional layout, the pace of opening up and development in the central and western regions and the three northeastern provinces has accelerated. In the first half of the year, imports and exports increased by 2.8% and 4.5%, respectively, 0.7 and 2.4 percentage points higher than the overall growth rate, accounting for the proportion of my country’s total import and export value. Increased to 21%, regional development is more balanced.

The momentum of foreign trade is gathering. Under the situation of foreign trade under pressure, my country vigorously explores emerging markets, builds a high-level open platform, cultivates and strengthens advantageous industries, and continuously gathers new momentum for foreign trade. In the first half of the year, my country’s import and export growth rate to countries along the “Belt and Road” approached double digits, accounting for 34.3% of the total import and export value; in the same period, emerging markets such as Latin America and Africa increased by 7% and 10.5% respectively, and the international market more diverse. The import and export of the Free Trade Pilot Zone and the Hainan Free Trade Port increased by 8.6% and 26.4% respectively, and the role of the open platform is obvious. The total export of “three new” products, namely electric passenger vehicles, lithium batteries, and solar cells, increased by 61.6%, driving the overall export growth by 1.8 percentage points, and the green industry has abundant momentum.

  Optimize the environment and stimulate the development momentum of various business entities

“It is the foundation to promote the stability and quality of import and export, and to stabilize the main body of foreign trade operations.” Lu Daliang said that since the beginning of this year, the General Administration of Customs has continued to implement the measures to stabilize foreign trade introduced last year. Measures to help foreign trade development.

According to preliminary customs statistics, in the first half of the year, the advantages and potential of cross-border e-commerce in “buying the world and selling the world” continued to be released, with imports and exports reaching 1.1 trillion yuan, a year-on-year increase of 16%. Among them, exports were 821 billion yuan, an increase of 19.9%, and imports were 276 billion yuan, an increase of 5.7%. They continued to maintain a good development momentum and effectively helped my country’s foreign trade to stabilize the scale and optimize the structure.

In the first half of the year, private enterprises continued to maintain their status as the main force in foreign trade——

The number of enterprises and the scale of trade have increased steadily, which has a significant effect on stabilizing the market. In the first half of the year, the import and export of private enterprises was 10.59 trillion yuan, an increase of 8.9%, which drove the growth of my country’s foreign trade by 4.4 percentage points; the import and export value of private enterprises in 25 provinces maintained growth.

Innovation and development have achieved remarkable results, and high-quality exports have made outstanding contributions. In the first half of the year, the export of high-tech products by private enterprises was 1.24 trillion yuan, an increase of 5.4%, and the proportion of exports of similar products in my country increased by 5.7 percentage points, reaching 44.7%. At the same time, private enterprises are the main force driving the export growth of my country’s “new three” products, with a total export of 346.3 billion yuan, an increase of 64.6%, and a contribution rate of 66.8% to the growth of exports of similar products.

The import of people’s livelihood and resource products has grown rapidly, and the role of ensuring supply and stabilizing prices has become prominent. In the first half of the year, the import value of agricultural products by private enterprises increased by 21.9%, 5.7 percentage points higher than the growth rate of imports of similar products in my country. During the same period, the import value of medical materials and medicines increased by 24.8%, which was 4.2 percentage points higher than the growth rate of imports of similar products.

  Expanding the market, the foreign trade “circle of friends” continues to expand

Since the beginning of this year, my country’s foreign trade “circle of friends” has continued to expand, and the market diversification has further expanded. In the first half of the year, my country’s imports and exports to ASEAN, Latin America, Africa, and Central Asia increased by 5.4%, 7%, 10.5%, and 35.6% year-on-year respectively, all of which were higher than the overall growth rate of imports and exports during the same period.

In the first half of the year, the import and export between my country and countries along the “Belt and Road” was 6.89 trillion yuan, a year-on-year increase of 9.8%, which was 7.7 percentage points higher than the overall growth rate of foreign trade. Industry cooperation is closer. In the first half of the year, my country’s exports of intermediate products such as auto parts, lithium batteries, and spare parts for automatic data processing equipment to countries along the “Belt and Road” increased by 39.3%, 34.3% and 28.9% respectively. During the same period, imports of energy products and agricultural products from countries along the route also increased by 5.7% and 17.9% respectively.

The interconnection effect is highlighted. In the first half of the year, my country’s imports and exports to countries along the route increased by 23.8% by rail, 14 percentage points higher than the overall growth rate of countries along the route, and maintained double-digit growth for 12 consecutive months; imports and exports to countries along the route increased by road transport 63.6%, 53.8 percentage points higher than the overall growth rate of the countries along the route, and the growth rate exceeded 30% for five consecutive months.

The Midwest performed even better. In the first half of the year, the central and western regions’ imports and exports to countries along the “Belt and Road” increased by 23.2%, accounting for 21.2% of the total import and export value between my country and countries along the route during the same period, an increase of 2.3 percentage points year-on-year. Among them, the growth rate of imports and exports from the three autonomous regions of Guangxi, Xinjiang, and Inner Mongolia to countries along the route all exceeded 50%.

In the first half of the year, my country’s import and export to ASEAN was 3.08 trillion yuan, a year-on-year increase of 5.4%, accounting for 15.3% of my country’s total import and export value during the same period, an increase of 0.5 percentage points from the same period last year. Among them, my country’s import of agricultural products from ASEAN was 125.08 billion yuan, an increase of 7.5%, which was 6.4 percentage points higher than the overall growth rate of my country’s import from ASEAN. The import of some characteristic agricultural products performed well, among which the import of fruit was 40.54 billion yuan, an increase of 24.1%, fresh durian and pineapple increased by 65% ​​and 24.1% respectively; the import of palm oil was 10.91 billion yuan, an increase of 120.5%.

In the first half of the year, my country’s total import and export to the other 14 members of RCEP (“Regional Comprehensive Economic Partnership Agreement”) was 6.1 trillion yuan, a year-on-year increase of 1.5%, and the contribution rate to my country’s foreign trade growth exceeded 20%.

Regional industrial chain cooperation is closer. The gradual release of RCEP market potential will effectively promote the free flow of production factors in the region, gradually form a more prosperous regional integrated market, and open up new space for enterprises to expand international industrial cooperation and economic and trade exchanges. In the first half of the year, my country exported 1.72 trillion yuan of intermediate products to other RCEP members, accounting for more than half of my country’s export value to other RCEP members, reaching 54.4%.

■Reporter’s Notes

This “report card” meets expectations and is hard-won

In the first half of this year, in the face of a complex and severe external environment, my country’s foreign trade imports and exports have improved steadily, and the scale of imports and exports has exceeded 20 trillion yuan for the first time in the same period of history. Such achievements are in line with expectations and hard-won.

Workers skillfully assemble diaphragms, liquid crystal panels, structural parts, etc., and process them into liquid crystal display modules – this is a busy scene in the production workshop of a high-tech private enterprise in Shenzhen. According to reports, this batch of products is assembled in the morning, and can arrive in Hong Kong for direct loading in the afternoon, and board the cargo ship to Malaysia smoothly. Today, private enterprises have become the “stabilizer” of foreign trade: in the first half of the year, the number of private enterprises with import and export performance increased by 8.3% year-on-year to 459,000, accounting for 85.1% of the enterprises with import and export performance in the same period.

The increase in the number of business entities provides strong support for imports and exports. It is also gratifying that the data shows that the transformation of old and new kinetic energy in my country’s foreign trade has accelerated, and the momentum is good. In the first half of the year, the total export of “three new” products such as electric passenger vehicles, lithium batteries, and solar batteries increased by 61.6%, driving the overall export growth by 1.8 percentage points.

The road is obstructed and long, but the journey is approaching. At present, the external environment is complicated and severe, and foreign trade is indeed under pressure, ups and downs, and challenges. However, the fundamentals of my country’s long-term economic growth have not changed. Coupled with a good industrial system and complete production capacity, foreign trade development has sufficient resilience and room for maneuver. . my country unswervingly promotes high-level opening up to the outside world, actively promotes international economic and trade cooperation, and the comprehensive effect of a series of policies and measures to stabilize foreign trade continues to emerge.

We believe that as the economy continues to improve, pragmatic and effective measures continue to be implemented, and the vitality of foreign trade operators is further enhanced, the goal of promoting stability and improving quality of imports and exports will surely be achieved.

2023-07-14 04:08:00
#year #scale #import #export #exceeded #trillion #yuan #time #period #history #countrys #foreign #trade #showed #strong #resilienceWuxi #Media

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.