Double Growth Of Exports And Imports, China'S Foreign Trade Has A Good Start To Convey Confidence To The World

As one of the "troika" driving economic growth, foreign trade has achieved a "good start" this year. Data show that in the first two months of this year, my country's trade in goods continued the positive trend since the fourth quarter of last year, with year-on-year growth for five consecutive months. The total import and export value of goods trade was 6.61 trillion yuan, a year-on-year increase of 8.7%, and the scale reached a record high in the same period in history. new highs. Among them, exports increased by 10.3%, imports increased by 6.7%, and imports and exports achieved "double growth." The number of foreign trade entities with import and export performance increased by more than 40,000 year-on-year; both the import and export of the free trade pilot zone and Hainan Free Trade Port achieved double-digit growth...A series of data reflect the strong resilience, great potential and vitality of China's foreign trade. positive development trend.
From the perspective of market layout, my country's trading partners became more diversified and stable from January to February, trade relations with emerging markets became closer, and the growth space further expanded. In the first two months of this year, ASEAN was my country's largest trading partner. my country's imports and exports to ASEAN increased by 8.1%, accounting for 15% of the total foreign trade value; China's imports and exports to countries co-building the "Belt and Road" increased by 9% year-on-year, and my country's imports and exports to China increased by 9% year-on-year. The import and export of the five Asian countries increased by 26% year-on-year. From the perspective of product value, export products as a whole are moving from the mid- to low-end to the mid-to-high end, with an increasing number of high value-added products. In the first two months, my country's exports of mechanical and electrical products such as automobiles, home appliances, and ships increased by 11.8%, accounting for 59.1% of total exports. New business formats and new models have strong momentum, and domestic fashion brands such as Chinese cultural and creative products and beauty products are booming overseas. These have promoted China's foreign trade to achieve a veritable "quality improvement and quantity stability".
Spring comes early when people are diligent, and the booming start of foreign trade is the result of the "joint efforts" of all parties. This year's "Government Work Report" proposed "promoting the quality improvement and stable quantity of foreign trade." Since the beginning of this year, multiple departments have intensively introduced specific measures to support the development of foreign trade and actively promoted the expansion of imports of high-quality products. Foreign trade companies in various places are active and full of energy. Since the beginning of the year, under the organization of various provinces and cities, foreign trade companies have been "going out" to negotiate orders, run exhibitions, and explore new markets. Chinese companies can be seen at major exhibitions such as the Geneva International Auto Show, the International Consumer Electronics Show, and the Hong Kong Toy Fair. The China Council for the Promotion of International Trade said that in 2024, it will vigorously carry out the "Thousands of Groups Going Overseas" campaign and organize more than 1,000 batches of enterprise groups to participate in exhibitions, conduct inspections and negotiate overseas. China Customs' trade boom survey shows that the confidence of foreign trade companies continues to increase.
China has always insisted on expanding high-level opening up to the outside world and promoting mutual benefit and win-win results. China's ultra-large market potential of more than 1.4 billion people is also constantly unleashed. China's foreign trade has had a good start, which not only promotes the continued recovery of China's economic development, but also provides broad market space and cooperation opportunities for companies from various countries. For example, the number of pre-registrations from overseas buyers for the China Import and Export Fair to be held on April 15 has increased significantly. As of March 31, 93,000 buyers from 215 countries and regions had completed pre-registration, fully reflecting the enthusiasm of Chinese and foreign enterprises for exchanges and cooperation. It is believed that with the dual dividends of policies and markets, China's foreign trade is expected to continue its recovery trend and share development opportunities and vitality with more countries.