Latest Foreign Trade Trends: Trade With Europe And Japan Improved

The State Council Reform Office held a press conference today, customs Zheng Yuesheng, spokesman of the General Administration and director of the General Statistics Department, disclosed that in the first three quarters of this year, China's total import and export value was 19.07 trillion yuan (US $3.06 trillion), up 7.7% year on year after deducting exchange rate factors. Among them, exports reached 10.06 trillion yuan (US $1.61 trillion), up 8%; Imports reached 9.01 trillion yuan (US $1.45 trillion), up 7.3%; The trade surplus was 1.05 trillion yuan (US $169.4 billion), an increase of 14.4%.

In September, China's total import and export value was 2.2 trillion yuan (equivalent to 356.08 billion dollars), less exchange rate Factors increased by 3.3% year on year (the same below). Among them, exports amounted to RMB 1.15 trillion (US $185.64 billion), down 0.3%; Imports reached 1.05 trillion yuan (US $170.44 billion), up 7.4%; The trade surplus was 93.48 billion yuan (US $15.2 billion), down 44.7%.

　 Foreign trade in the third quarter turned better than that in the second quarter

Zheng Yuesheng said that the growth rate of China's foreign trade import and export in the third quarter of this year was higher than that in the second quarter of this year. In the third quarter of this year, China's foreign trade import and export increased by 6%, which was indeed better than 4.3% in the second quarter. He believes that the main reason is that the domestic macro-economy has stabilized and improved, the foreign economic environment has improved, and the positive factors to promote the development of foreign trade have begun to increase. Since July this year, the State Council has issued a series of policies and measures to stabilize the growth of foreign trade, and the policy benefits are constantly emerging. Various macro data indicators showed positive signals, and the domestic economy showed a trend of stabilizing and recovering, driving the increase of bulk commodity imports; At the same time, with the accelerated pace of going global, it also led to the steady growth of exports, which is an important reason for the improvement of China's foreign trade import and export in the third quarter.

　　 Trade with EU and Japan improved

Zheng Yuesheng said at the press conference that trade with the EU and Japan showed signs of improvement, and trade with the United States and ASEAN continued to grow. In the first three quarters, Central Europe bilateral trade The total value was 408.57 billion US dollars, down 0.8%, with a year-on-year increase of 3.5% in the third quarter; The total value of bilateral trade between China and Japan was 229.08 billion US dollars, down 7.9%, including a year-on-year decline of 5.3% in the third quarter, significantly narrowing compared with the first half of the year. Over the same period, the total value of bilateral trade between China and the United States was 379.1 billion US dollars, up 6.7%; The total value of bilateral trade with ASEAN was 322.36 billion US dollars, up 11.6%; The total value of bilateral trade between the mainland and Hong Kong was US $297.39 billion, up 25.6%.

In the first three quarters of this year, Japan was China's fifth largest trading partner. The total value of bilateral trade between China, Japan and Shun was 229.08 billion US dollars, down 7.9%, accounting for 7.5% of China's total foreign trade imports and exports; Among them, China's export to Japan was US $103.91 billion, down 2.8%, its import from Japan was US $119.77 billion, down 12.1%, and its trade deficit with Japan was US $10.46 billion, down 56%. Since the second half of this year, China Japan bilateral trade has indeed shown some signs of improvement. Since July, the monthly decline in imports and exports of China Japan bilateral trade has gradually narrowed for three consecutive months. Among them, the export growth rate turned to positive growth of 1.5% in September, ending the 14 consecutive months of year-on-year decline in China's exports to Japan since July last year.