China'S Total Import And Export Value In The First Three Quarters Was 30.8 Trillion Yuan

Yesterday, the State Council Information Office held a press conference to introduce the import and export situation in the first three quarters of 2023. Lu Daliang, director of the Statistics and Analysis Department of the General Administration of Customs, said that in the first three quarters, China’s total import and export value of goods trade was 30.8 trillion yuan, and foreign trade import and export were operating smoothly and positively.

The scale of import and export in September hit a new high in a single month during the year

Lu Daliang pointed out that since the beginning of this year, the world economic recovery has been unstable, with weakening external demand, falling prices, and the impact of last year's high base, China's foreign trade growth is facing a lot of pressure. However, as various domestic policies have been implemented in a precise and in-depth manner, enterprises have taken the initiative to seek innovation and progress and overcome difficulties. China's foreign trade has operated smoothly in the first three quarters, with the year-on-year growth rate basically being the same, and showing positive development. situation.

According to customs statistics, China's total import and export value in the first three quarters 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%. Lu Daliang introduced that the scale of foreign trade increased steadily in the first three quarters, and imports and exports increased quarter by quarter. Imports and exports in the first, second, and third quarters were 9.72 trillion yuan, 10.29 trillion yuan, and 10.79 trillion yuan respectively. Among them, imports and exports in September were 3.74 trillion yuan, increasing month-on-month for two consecutive months, hitting a new monthly high in the year.

Recently, the World Trade Organization and the International Monetary Fund have expressed concerns about the fragmentation of global trade. The WTO has lowered the growth rate of global merchandise trade this year to 0.8% from the previous forecast of 1.7%. Lu Daliang believes that this shows that the world's economic recovery and sustainable development still face huge challenges, and the external environment faced by China's foreign trade is still complex and severe. However, we must also note that the positive factors for China's economic recovery are still accumulating. As China's foreign trade continues to stabilize its scale and improve its structure, the foundation for "stability" will be more solid, and "good" changes will become more prominent. There are reasons , are confident to achieve the goal of stabilizing and improving the quality of foreign trade throughout the year, and continue to play the supporting role of import and export in the economy.

ASEAN continues to be China’s largest trading partner

This year marks the 10th anniversary of the joint construction of the "Belt and Road" initiative. Lu Daliang said that over the past decade, China's economic and trade relations with its "Belt and Road" partners have become increasingly close, and trade exchanges have continued to be active. The import and export scale of China and co-founding countries has climbed from 10.11 trillion yuan in 2013 to 18.95 trillion yuan in 2022, with a cumulative growth of 87.4%, and an average annual growth rate of 7%, which is 1.5 percentage points higher than the overall growth rate of China's foreign trade during the same period. , accounting for 45.4% of China's total import and export value from 39.2%.

Currently, China is the top three trading partner of 114 countries in the co-building countries, and the largest trading partner of 68 countries. At the same time, China is also the largest source of imports for 74 countries and the largest export market for 35 countries.

Since the beginning of this year, China's imports from Latin America, ASEAN, and the EU have increased for two consecutive quarters, with quarter-on-quarter growth rates of 8.5%, 6.3%, and 2.6% respectively in the third quarter. Among them, ASEAN continues to be China's largest trading partner. Customs data shows that in the first three quarters of this year, China's imports and exports to ASEAN were 4.68 trillion yuan, a year-on-year increase of 0.8%, accounting for 15.2% of China's foreign trade.