In October, China’S Foreign Trade Monthly And Cumulative Growth Rates Both Turned Positive. China Council For The Promotion Of International Trade: Will Help Foreign Trade Companies Continue To Expand Overseas Markets

China Council for the Promotion of International Trade held its regular November press conference on November 23. Zhang Xin, spokesperson of the China Council for the Promotion of International Trade, said in response to a question that both the monthly and cumulative growth rates of my country's foreign trade turned positive in October, which shows that positive factors in my country's foreign trade field have accumulated and the positive development trend of my country's foreign trade has further emerged.
Data released by the General Administration of Customs on the 7th showed that the total import and export value of my country's goods trade in the first 10 months of 2023 was 34.32 trillion yuan, and the cumulative growth rate shifted from a slight decrease of 0.2% in the first three quarters to an increase of 0.03% year-on-year; among them, in the month of October , import and export reached 3.54 trillion yuan, and the monthly growth rate turned from a year-on-year decline for four consecutive months since June to an increase of 0.9%.
Specifically, in the first 10 months, my country's foreign trade exports were 19.55 trillion yuan, a year-on-year increase of 0.4%, of which mechanical and electrical products exports accounted for nearly 60%; as demand increased, my country's foreign trade imports during the same period were 14.77 trillion yuan, and the decline narrowed. to 0.5%. Driven by the continued increase in the import volume of major energy and mineral products and the obvious growth rate of the import of some agricultural products and consumer goods, imports in October increased by 6.4% year-on-year, and the growth rate was 7.3 percentage points faster than that in September.
As the main form of import and export trade, in the first 10 months, my country's general trade import and export grew and its proportion increased: import and export reached 22.26 trillion yuan, a year-on-year increase of 1.8%, accounting for 64.9% of my country's total foreign trade value, an increase of 1.1% over the same period last year. percentage point.
In terms of trading entities, the import and export of private enterprises is significantly better than the overall situation. In the first 10 months, there were 526,000 private enterprises with import and export performance in my country, an increase of 8.7% year-on-year; imports and exports were 18.24 trillion yuan, an increase of 6.2%, accounting for 53.1% of my country's imports and exports, continuing to remain the largest foreign trade enterprise in my country. Business entity status.
In terms of the international market, my country's imports from traditional markets such as the European Union and the United States have increased. In the first 10 months, my country's imports and exports to the EU, the United States and Japan fell by 1.6%, 7.6% and 6.5% respectively. Among them, imports from the EU and the United States increased by 5.1% and 0.2% respectively.
At the same time, the diversification trend of my country's trade market has become increasingly obvious. In the first 10 months, my country's total imports and exports to countries co-building the "Belt and Road" were 15.96 trillion yuan, a year-on-year increase of 3.2%, accounting for 46.5% of my country's foreign trade scale. Among them, imports and exports to ASEAN, the largest trading partner, increased by 0.9%, imports and exports to Central and Eastern European countries increased by 2.7%, and imports and exports to the five Central Asian countries increased by 34.8%.
Against the background of slowing overseas demand, Zhang Xin said that in the next step, China Council for the Promotion of International Trade will help foreign trade companies continue to expand overseas markets in the following aspects:
First, diversify economic and trade promotion activities. The upcoming first China International Supply Chain Promotion Expo will hold the opening ceremony of the first China International Supply Chain Promotion Expo and the Global Supply Chain Innovation and Development Forum with the theme of "Linking the World, Creating the Future", and will release the "Beijing Initiative for Global Industrial Chain Supply Chain Interconnection". 》, 6 special forums and more than 20 matchmaking meetings, new product launches and other supporting activities will also be held to build a communication platform for Chinese and foreign companies from more than 50 countries and regions to explore business opportunities.
The second is to support enterprises to participate in overseas exhibitions through multiple channels. In December 2023, the China Council for the Promotion of International Trade will hold the Lancang-Mekong Cooperation Economic and Technological Exhibition in Vietnam and the China-Oceania and South Pacific International Trade Digital Exhibition online, which will mainly exhibit my country's electronic and electrical products, vehicles and accessories, agricultural food, and smart products. equipment, medical devices and other fields, and holds a series of supporting activities such as corporate exchange meetings and matchmaking meetings to help companies stabilize orders and expand markets.
The third is to take multiple measures to optimize business assistance services. Conduct in-depth investigations and studies to promptly understand and reflect the operating conditions and policy recommendations of foreign trade enterprises. Make better use of the databases, query platforms and consulting platforms of Trade and Enterprise and Trade and Law, strengthen legal services such as international economic and trade arbitration, commercial mediation, and intellectual property rights, and help enterprises effectively deal with risks. At the same time, we continue to optimize commercial certification services, enrich certificate application scenarios, improve corporate application experience, and empower foreign trade companies to increase their credit.