Ministry Of Commerce: China'S Foreign Trade Situation In 1-11 2019

In December 12, 2019, the head of the foreign trade division of the Ministry of Commerce discussed the situation of China's foreign trade in 2019 1-11.

Since the beginning of this year, in the face of the complex situation of the external environmental risks and challenges, the Ministry of Commerce, in line with the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, has resolutely implemented the "six stable" decision-making and deployment of the CPC Central Committee and the State Council in conjunction with all regions and departments, issued timely and stable foreign trade policy measures and implemented them vigorously, continuously promoted the "five optimization" and "three construction", effectively optimized the foreign trade business environment, and energetically stimulated the vitality of the market players. In the 1-11 month, foreign trade development continued to maintain a stable and upgrading situation.

Scale remains stable

In 1-11 months, China's total import and export volume was 28 trillion and 500 billion yuan, an increase of 2.4%. Among them, exports amounted to 15 trillion and 550 billion yuan, an increase of 4.5%, and imports of 12 trillion and 950 billion yuan, basically unchanged from the same period last year; the trade surplus was 2 trillion and 600 billion yuan, expanding by 34.9%. From the monthly scale, the total import and export volume in November was 2 trillion and 860 billion yuan, the highest level in a single month this year. From an international comparison, according to the latest WTO data, in the first three quarters, our export growth rate was higher than the average growth rate of the world's major economies.

Structural continuous optimization

The layout of the international market is more reasonable and balanced, with an increase of 5.3% in the import and export of emerging markets, representing a 1.7 percentage point increase to 59.5% over the same period last year. Among them, the growth of imports and exports by the countries along the "belt and road" has increased by 9.9%, representing an increase of 2 percentage points to 29.3%. Imports and exports of ASEAN, Latin America and Africa increased by 12.7%, 6.8% and 5.7% respectively. The domestic regional distribution is more balanced, and the exports in the central and western regions increased by 13.3%, representing a 1.4 percentage point increase to 18.3% over the same period last year. Commodity structure has been continuously optimized, and the export of mechanical and electrical products has increased by 4%, accounting for 58.4%. The grade and added value of seven categories of labor-intensive products such as clothing, textiles, furniture, shoes, plastics, toys, bags and so on increased. The export grew by 5.7% and the export increased by 1.1 percentage points. The vitality of the main body of the private enterprises has been increasing continuously, and the export has increased by 12.4%, which has increased 3.6 percentage points to 51.4%. General trade is full of resilience, export growth is 7.8%, accounting for 1.8 percentage points to 58%.

Continuous quality improvement

Exports of products of high quality, high technology and high added value increased rapidly. The export price of integrated circuits, photovoltaic, machine tools and medical devices reached 2 digit growth. We will continue to promote institutional innovation, management innovation and service innovation, and the business environment of the new mode of development of foreign trade will be further improved. Cross border electricity retail import and export growth of 20%, 35 comprehensive pilot area to drive 168 supporting parks, more than 10000 enterprises transformation and upgrading, quality and efficiency. The number of overseas warehouses exceeds 1000, and the scope of service is global. Second hand vehicle export and processing trade bonded maintenance has been steadily advancing. The new format has become a new highlight in the growth of foreign trade, and a new energy for transformation and upgrading.

Recently, the CPC Central Committee and the State Council issued the "guiding opinions on promoting the development of high quality trade", and explicitly strengthened technological innovation, institutional innovation, mode and format innovation, and promoted the coordinated development of import and export, trade in goods and services, trade and two-way investment, trade and industry, and achieved the development of high quality trade. Next, we will take the high quality development of foreign trade as the command, enhance our trade innovation capability, actively cultivate new formats, optimize the layout of the international market, promote the upgrading and gradient transfer of processing trade, actively expand imports, effectively reduce the institutional cost of trade, continue to enhance the level of trade liberalization, and create a favorable business environment.