General Administration Of Customs: The Import And Export Of Foreign Trade In The First Half Of The Year Is Better Than Expected, And The Export Has Been Increasing For Three Consecutive Months In China

The new office held a press conference on the 14th, at which Li Kuiwen introduced the import and export situation in the first half of 2020. He pointed out that since this year, China has made overall efforts to promote epidemic prevention and control and economic and social development, done a solid job in the "six stabilities" work, and comprehensively implemented the "six guarantees" task, and foreign trade import and export were better than expected.






According to customs statistics, in the first half of this year, China's total import and export value of goods trade was 14.24 trillion yuan, a year-on-year decrease of 3.2%, 1.7 percentage points narrower than the previous five months. Among them, export was 7.71 trillion yuan, down 3%; import was 6.53 trillion yuan, down 3.3%. Specifically, China's foreign trade import and export in the first half of this year mainly has the following seven characteristics:






First, the import and export of foreign trade in the first half of the year was better than expected. In June, both exports and imports achieved positive growth. From the quarter, after experiencing the first quarter shock, the import and export in the second quarter stabilized. In the second quarter of this year, China's foreign trade import and export reached 7.67 trillion yuan, a year-on-year decrease of 0.2% and a decrease of 6.3 percentage points compared with the first quarter. From the monthly point of view, since April, exports have achieved positive growth for three consecutive months. In June, imports and exports increased by 5.1% year-on-year, including export growth of 4.3% and import growth of 6.2%.






Second, the import and export of private enterprises increased against the trend, which played a more prominent role in the steady growth of foreign trade. In the first half of the year, the import and export of private enterprises, the largest business entity of foreign trade, reached 6.42 trillion yuan, an increase of 4.9%, accounting for 45.1% of China's total foreign trade value, an increase of 3.5 percentage points over the same period last year. Among them, exports were 4.14 trillion yuan, an increase of 3.2%, accounting for 53.7% of the total export value; imports were 2.28 trillion yuan, an increase of 8.1%, accounting for 34.9% of the total import value. Over the same period, the import and export of foreign-invested enterprises reached 5.55 trillion yuan, accounting for 39%. The import and export of state-owned enterprises reached 2.22 trillion yuan, accounting for 15.6%.






Third, the import and export to ASEAN continued to grow, and ASEAN has become China's largest trading partner. In the first half of the year, China's import and export to ASEAN reached 2.09 trillion yuan, an increase of 5.6%, accounting for 14.7% of China's total foreign trade value; China's import and export to the EU was 1.99 trillion yuan, a decrease of 1.8%; and China's import and export to the United States was 1.64 trillion yuan, a decrease of 6.6%. In addition, China one year, the "one belt, one road" along the country's imports and exports 4 trillion and 200 billion yuan, a slight decrease of 0.9%, a decline of 2.3 percentage points lower than the overall.






Fourth, the proportion of general trade import and export increased, and the structure of trade mode was continuously optimized. In the first half of the year, China's general trade imports and exports reached 8.55 trillion yuan, down 2.6%, accounting for 60.1% of China's total foreign trade value, an increase of 0.4 percentage points over the same period last year. Among them, exports were 4.56 trillion yuan, down 2%; imports were 3.99 trillion yuan, down 3.2%. The import and export of processing trade was 3.36 trillion yuan, down 8%, accounting for 23.6%.






Fifthly, the import and export of the central and western regions maintained growth, and the domestic regional layout was more balanced. In the first half of the year, the import and export of China's eastern region reached 11.39 trillion yuan, a decrease of 4.7%, and that of the central and western regions was 2.38 trillion yuan, an increase of 5.7%, accounting for 16.7% of China's total foreign trade value, and the proportion increased by 1.4 percentage points.






Sixth, the export of epidemic prevention materials and "housing economy" products increased rapidly, and the decline rate of mechanical and electrical products and labor-intensive products was lower than the overall decline. In the first half of the year, the export of textiles including masks increased by 32.4%, the export of medical materials and medicines, medical instruments and devices increased by 23.6% and 46.4% respectively. The increase of consumption of "housing economy" led to the growth of notebook computer and mobile phone export by 9.1% and 0.2% respectively. Over the same period, China's export of mechanical and electrical products was 4.52 trillion yuan, down 2.3%, accounting for 58.6% of the total export value; the export of seven categories of labor-intensive products such as textiles and clothing was 1.5 trillion yuan, down 1.4%, accounting for 19.4%.






Seventh, the import and export freight volume increased, and the import volume of major commodities and key agricultural products (8.790, - 0.23, - 2.55%) increased. In the first half of the year, 2.33 billion tons of imports and exports were supervised by the customs, an increase of 6.6%. Among them, 1.56 billion tons were imported, an increase of 8.3%. From the perspective of major commodities, imports of iron ore 547 million tons, an increase of 9.6%; imports of crude oil 269 million tons, an increase of 9.9%; imports of coal 174 million tons, an increase of 12.7%; imports of natural gas 48.359 million tons, an increase of 3.3%. Over the same period, imports of some agricultural products increased, including 45.044 million tons of soybeans, an increase of 17.9%; 2.213 million tons of pork, an increase of 1.4 times; and 997000 tons of beef, an increase of 42.9%.






Li Kuiwen said that the novel coronavirus pneumonia is now undergoing profound changes in the world, and the world economy is in deep recession, and international trade and investment are shrinking dramatically. The customs will strengthen confidence in development, actively respond to difficulties and challenges, make all-out efforts to do a good job in the prevention and control of port epidemic situation and promote the steady growth of foreign trade, further optimize the business environment at ports, help enterprises open up the international market, strive to stabilize China's foreign trade fundamentals, promote the stability and quality of foreign trade, and make greater contributions to the completion of the annual economic and social development goals and tasks.

Source: Hua Xian Tou Tiao