China’s foreign trade grows steadily

According to customs statistics, in the first three quarters of 2023, our country's total import and export value was 30.8 trillion yuan, a slight decrease of 0.2% year-on-year. Among them, exports were 17.6 trillion yuan, a year-on-year increase of 0.6%; imports were 13.2 trillion yuan, a year-on-year decrease of 1.2%.

At the same time, according to customs statistics, in the first three quarters, our country's foreign trade exports achieved a growth of 0.6%. Especially in August and September, the export scale continued to expand, with month-on-month growth of 1.2% and 5.5% respectively.

Lu Daliang, spokesperson of the General Administration of Customs, said that the "stability" of China's foreign trade is fundamental.

Firstly, the scale is stable. In the second and third quarters, imports and exports were above 10 trillion yuan, maintaining a historically high level; secondly, the main body was stable. The number of foreign trade companies with import and export performance in the first three quarters increased to 597,000.

Among them, the import and export value of companies that have been active since 2020 accounts for nearly 80% of the total. Thirdly, the share is stable. In the first seven months, China's export international market share was basically the same as the same period in 2022.

At the same time, foreign trade has also shown "good" positive changes, reflected in good overall trends, good vitality of private enterprises, good market potential, and good platform development.

In addition, the General Administration of Customs also released the trade index between China and the countries co-building the “Belt and Road” for the first time. The total index rose from 100 in the base period of 2013 to 165.4 in 2022.

In the first three quarters of 2023, China's imports and exports to countries participating in the Belt and Road Initiative increased by 3.1% year-on-year, accounting for 46.5% of the total import and export value.

In the current environment, the growth of trade scale means that our country's foreign trade import and export have a more foundation and support, demonstrating the strong resilience and comprehensive competitiveness of our country's foreign trade.

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Post time: Nov-20-2023