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July import and export value reached a new monthly high and steadily expanded (Ministry of Commerce)
Click:63 Date:2019-8-13 11:12:55
    Since this year, the external environment facing China's foreign trade development has undergone profound changes. The CPC Central Committee and the State Council attach great importance to foreign trade. On July 10, the State Council executive meeting decided on further measures to stabilize foreign trade so as to expand opening up, promote steady growth and employment. The Ministry of Commerce, in conjunction with various departments in various regions, will vigorously implement policies, optimize the layout of international markets, vigorously cultivate new forms of foreign trade and create a good market environment. The vast number of enterprises are facing difficulties, and the endogenous power is constantly increasing. From January to July, foreign trade development maintained a steady and qualitative trend.


    The value of imports and exports reached a new high in July this year, pushing the scale to expand steadily. In July, imports and exports totaled 2.74 trillion yuan and exports totaled 1.53 trillion yuan, the highest level in a month since this year. From January to July, imports and exports totaled 17.41 trillion yuan, an increase of 4.2%. Among them, export was 9.48 trillion yuan, an increase of 6.7%, import was 7.93 trillion yuan, an increase of 1.3%, and trade surplus was 1.55 trillion yuan, an increase of 47.4%.


    Continuous structural optimization. First, the international market layout is more optimized. The trade facilitation level of the countries along the "belt and road" has been increasing continuously, with an increase of 10.2% in imports and exports and a 2.8 percentage point increase in overall imports and exports. Imports and exports of EU and ASEAN, the traditional trading partners, increased by 10.8% and 11.3% respectively. In the first half of the year, the import and export of my trade partners with 25 FTAs increased by 3.8%. Second, the domestic regional layout is more balanced. Exports in the central and western regions grew by 13.8%, higher than the overall growth rate of 7.1 percentage points, increasing by 1.1 percentage points to 17.5%. Third, the status of private enterprises as the main export force has been consolidated. In the first half of the year, 336,000 private enterprises with actual import and export performance increased by 8.5%, accounting for nearly 80%. From January to July, the export of private enterprises grew by 14.2%, accounting for 50.9%, which boosted the export growth by 6.8 percentage points. Fourth, the structure of export commodities is constantly upgrading. Exports of mechanical and electrical products increased by 6.1%, 0.8 percentage points faster than in January-June. Among them, the export of high-tech, high-quality and high value-added products such as integrated circuits, metal processing machine tools, excavators and medical devices has maintained double-digit growth. The export of seven categories of labor-intensive products, such as textiles and clothing, maintained a competitive advantage, increasing by 7.8%, which was higher than the overall growth rate of 1.1 percentage points, and promoted export growth by 1.5 percentage points. Fifth, general trade plays a more significant role in promoting exports. General trade exports grew by 10.1%, driving overall export growth by 5.8 percentage points.


    The kinetic energy conversion is accelerated. Since this year, various departments and localities have increased policy support and actively nurtured new trade formats and new models. The third batch of 22 cross-border e-commerce comprehensive test zones accelerated construction. In the first half of the year, cross-border e-commerce retail imports and exports grew rapidly. The first batch of used cars were exported smoothly in July, and the export scale is expected to expand rapidly in the second half of the year. Next step, bonded maintenance projects in processing trade will continue to land, further attracting higher technology level and greater value-added processing, manufacturing and production services to China.

 

 
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