On August 7, the latest foreign trade data released by the General Administration of Customs of China showed that in the first seven months of this year, the total value of China’s foreign trade import and export was 23.6 trillion yuan, a year-on-year increase of 10.4%. Among them, exports were 13.37 trillion yuan, a year-on-year increase of 14.7%; imports were 10.23 trillion yuan, a year-on-year increase of 5.3%; trade surplus was 3.14 trillion yuan, an increase of 62.1%.

Relevant personnel said that the growth rate of foreign trade imports and exports in the first seven months has returned to double digits, which shows that the global demand for Chinese manufacturing will continue to increase, and the trend of China’s foreign trade shipping will continue to improve.

China’s foreign trade has recovered significantly, and its structure has continued to be optimized

Compared with the data in the first half of the year, the growth rates of imports and exports, exports and imports in the first seven months have all accelerated, and the recovery of foreign trade has been obvious.

The Yangtze River Delta region, which was hit hard by the previous epidemic, is recovering steadily. According to customs statistics, in the first seven months of this year, the total import and export of the three provinces and one city in the Yangtze River Delta was 8.58 trillion yuan, a year-on-year increase of 11.7%, 2.5 percentage points faster than the growth rate in the first half of the year. From a monthly perspective, the growth rate of imports and exports in the Yangtze River Delta region has rebounded to 14.9% in June, a substantial increase of 10.1 percentage points from the growth rate in May.

According to experts, although the global market demand is shrinking as a whole, the US and EU markets are still very dependent on China’s supply chain, and will even usher in a node where the world is increasingly dependent on China. Not only Europe and the United States, but also Japan and South Korea, where the demand was not so large in the past, has also seen more demand.

In addition, customs statistics show that my country’s foreign trade structure continued to optimize in the first seven months, with general trade imports and exports reaching 15.17 trillion yuan, a year-on-year increase of 14.5%. During the same period, my country’s imports and exports to major trading partners such as ASEAN, the European Union, the United States and South Korea increased, and the total imports and exports to countries along the “Belt and Road” reached 7.55 trillion yuan, an increase of 19.8%.

Among them, in the first seven months, my country’s imports and exports with the other 14 member states of the Regional Comprehensive Economic Partnership (RCEP) increased by 7.5% year-on-year. It is understood that in July, my country’s imports and exports to RCEP trading partners reached 1.17 trillion yuan, a year-on-year increase of 18.8%, driving the overall import and export growth by 5.6 percentage points. The RCEP came into effect this year, further deepening regional economic connectivity and trade and investment cooperation, and providing new momentum for regional economic recovery and development.

Strengthened policies in the second half of the year, China’s foreign trade to maintain stability and improve quality

At present, the risk of stagflation in the world economy is rising significantly, and many major economies continue to raise interest rates, and the prospects for trade growth are not optimistic. At the same time, domestic and international logistics still need to further improve efficiency and smooth the industrial chain and supply chain.

In the second half of the year, the development of my country’s foreign trade will also face a series of uncertain and unstable factors. The Ministry of Commerce of the People’s Republic of China proposed that the Ministry of Commerce will continue to implement various policies and measures to stabilize foreign trade with all localities and relevant departments, so as to ensure that enterprises have all the knowledge and enjoyment they deserve. quality” goal.

The first is to reduce costs and increase efficiency, and stabilize the main body of the foreign trade market.

Strengthen the connection between “government, bank and enterprise”, guide financial institutions to carry out precise drip irrigation, and reduce corporate financing costs. Accelerate the progress of export tax rebates and reduce the financial pressure of enterprises. Guide to strengthen the connection between supply and demand of space, and reduce the cost of shipping for Chinese enterprises.

The second is to strengthen guarantees and stabilize foreign trade production and circulation.

Give full play to the role of the working mechanism related to stabilizing foreign trade and the working mechanism of ensuring smooth flow of logistics, strengthen production and operation guarantees for foreign trade enterprises, and unblock logistics in a timely manner. Promote the reduction of import and export costs of Chinese enterprises.

With the implementation of favorable policies and the support of China’s large-scale foreign trade, solid foundation and strong resilience, it is expected that the import and export of foreign trade throughout the year will continue to improve, and move towards the goal of maintaining stability and improving quality. In this context, the positive initiative of import and export enterprises in developing markets, developing new formats, and developing new products will also be further exerted.

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