Continuously stabilizing the upward trend of foreign trade recovery
2024-05-16
Under the joint support of positive factors such as the implementation of high-level opening-up policies, diversified adjustment of export markets, improvement of product international competitiveness, and recovery of external demand, China's foreign trade situation has significantly improved in 2024, with both export and import growth rates achieving a significant rebound. According to customs statistics, the total import and export value of China's goods trade in the first four months of this year was RMB 13.81 trillion, a year-on-year increase of 5.7%. Among them, exports reached 7.81 trillion yuan, an increase of 4.9%; Imports reached 6 trillion yuan, an increase of 6.8%; The trade surplus was 1.81 trillion yuan, narrowing by 0.7%. China's foreign trade has had a strong start and a good momentum, laying a solid foundation for achieving the goal of "quality improvement and quantity stability" throughout the year. China's foreign trade has improved quality and efficiency, unleashing the potential for growth. From the perspective of export market structure, with the development of trade partnerships and diversified adjustments, China's export situation to major markets has significantly improved in 2024, and the diversified international market layout has deepened. Among them, ASEAN continues to maintain China's position as the largest trading partner. The total trade value between China and ASEAN is 2.18 trillion yuan, an increase of 8.5%, accounting for 15.8% of China's total foreign trade value. Exports to ASEAN amounted to 1.32 trillion yuan, an increase of 10%; Imports from ASEAN reached 862.18 billion yuan, an increase of 6.1%. In US dollars, the total trade value between China and ASEAN is 306.94 billion US dollars, an increase of 4.8%. Among them, exports reached 185.56 billion US dollars, an increase of 6.3%; Imports reached $121.38 billion, an increase of 2.6%. Against the backdrop of the rebound in import demand in the United States, China's exports to the United States have also significantly improved. Exports to the United States increased by 2.4%, while imports from the United States decreased by 2.5%; The trade surplus with the United States was 692.41 billion yuan, an increase of 5.4%. Over the same period, China's imports and exports to countries jointly building the "the Belt and Road" totaled 6.54 trillion yuan, up 6.4%. It can be seen that in recent years, China's policy measures to stabilize and improve its major trade partners have shown initial results. At the same time, China's active efforts to diversify its export market have also provided strong resilience for export stability. From the perspective of export commodity structure, new momentum in foreign trade is accelerating its release. With the improvement of China's international competitiveness in products, the dominant characteristics of electromechanical products are obvious, among which automatic data processing equipment and its components, integrated circuits, and automobile exports maintain strong growth. From January to April, China's export of mechanical and electrical products reached 4.62 trillion yuan, an increase of 6.9%, accounting for 59.2% of the total export value and maintaining a dominant position in China's export commodities. Among them, the export value of automatic data processing equipment and its components reached 434.92 billion yuan, a year-on-year increase of 9.7%; The export value of integrated circuits reached 355.24 billion yuan, a year-on-year increase of 23.5%; The export value of automobiles was 254.85 billion yuan, a year-on-year increase of 24.9%. At the same time, China's labor-intensive product exports have also achieved rapid growth. During the same period, the export of labor-intensive products reached 1.32 trillion yuan, an increase of 6.9%. Among them, clothing and accessories amounted to 323.63 billion yuan, an increase of 3.3%; Textiles amounted to 314.59 billion yuan, an increase of 4.6%; Plastic products amounted to 246.02 billion yuan, an increase of 11.8%. From an external demand perspective, 2024
Edit：GuoGuo Responsible editor：FangZhiYou
Source：gmw.cn
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