Further Continuation of Stable and Positive Foreign Trade Trends

Further Continuation of Stable and Positive Foreign Trade Trends

According to statistics from the General Administration of Customs, in the first four months of this year, China's total import and export value was 13.32 trillion yuan, a year-on-year increase of 5.8%. Among them, exports reached 7.67 trillion yuan, an increase of 10.6%; Import reached 5.65 trillion yuan, an increase of 0.02%. In April, China's import and export reached 3.43 trillion yuan, a year-on-year increase of 8.9%.

The year-on-year growth rate of imports and exports in the first four months has accelerated by 1 percentage point compared to the first quarter. The monthly customs survey shows that the proportion of enterprises with increased export orders has increased for four consecutive months.

The proportion of general trade imports and exports has increased. In the first four months, China's general trade import and export reached 8.72 trillion yuan, an increase of 8.5% year-on-year, accounting for 65.4% of China's total foreign trade value, an increase of 1.6 percentage points compared to the same period last year.

ASEAN continues to be China's largest trading partner. In the first four months, the total trade value between China and ASEAN was 2.09 trillion yuan, an increase of 13.9%. The EU is China's second largest trading partner, with a total import and export value of 1.8 trillion yuan, an increase of 4.2%. Over the same period, China's imports and exports to countries along the "the Belt and Road" totaled 4.61 trillion yuan, an increase of 16%.

The proportion of imports and exports of private enterprises exceeds 50%. In the first four months, the import and export of private enterprises reached 7.05 trillion yuan, an increase of 15.8%, accounting for 52.9% of China's total foreign trade value, an increase of 4.6 percentage points compared to the same period last year. The import and export of state-owned enterprises reached 2.18 trillion yuan, an increase of 5.7%.

In the first four months, China's export of mechanical and electrical products reached 4.44 trillion yuan, an increase of 10.5%, accounting for 57.9% of the total export value. Among them, automobiles reached 204.53 billion yuan, an increase of 120.3%.

The relevant person in charge of the General Administration of Customs stated that China's foreign trade has continued to maintain a stable and positive momentum. The State Council has recently introduced new policies and measures to promote the stability, scale, and structure of foreign trade, which will help boost the confidence and vitality of foreign trade enterprises and promote the stability and quality of foreign trade throughout the year.

Source: People's Daily