General

On May 9th, the General Administration of Customs released the latest foreign trade data: In April of this year, China's imports and exports reached 3.43 trillion yuan, an increase of 8.9%, of which exports reached 2.02 trillion yuan, an increase of 16.8%.

According to foreign trade data, in the first four months, China's total import and export value was 13.32 trillion yuan, a year-on-year increase of 5.8%, of which exports were 7.67 trillion yuan, a year-on-year increase of 10.6%.

In the severe international environment and the changing market trends, China's foreign trade is stabilizing and rebounding.

ASEAN is China's largest trading partner. According to foreign trade data, the total trade value with ASEAN in the first four months was 2.09 trillion yuan, an increase of 13.9%, of which exports were 1.27 trillion yuan, an increase of 24.1%. But there was a slight decline in April, and foreign trade enterprises should pay special attention to the subsequent weakening trend.

The European Union is China's second largest trading partner, with a total trade value of 1.8 trillion yuan, an increase of 4.2%. Foreign trade data shows that exports are 1.17 trillion yuan, an increase of 3.2%.

Foreign trade data shows that exports to the United States and Japan are still in a declining state, but exports to Russia have surged by 153.1% year-on-year, reaching a three digit high growth level for two consecutive months.

Also, one thing to insert: Brazil's latest announcement: exemption from import tariffs! It involves 628 types of machinery and equipment products, and the measures will continue until December 31, 2025.

Brazil does not produce these equipment products domestically, and about 80% of the tariff reduction equipment needs to be imported from the United States, China, Germany, and Italy. So, it is very advantageous for enterprises from industries such as metallurgy, electricity, gas, car manufacturing, and paper making.