General

Since the beginning of this year, under the strong leadership of the Party Central Committee and the State Council, the Ministry of Commerce, together with various localities and departments, has gone all out to stabilize foreign trade, unswervingly promote innovation, and have achieved positive results. Stable and good. In RMB terms (the same below), the value of imports and exports, exports, and imports from January to August were 24.78, 13.56, and 11.22 trillion yuan, a record high over the same period in history. In August, the value of imports and exports, exports, and imports were respectively 3.43, 1.9, and 1.53 trillion yuan, setting a new monthly high. The main features are as follows:

First, the growth rate remains at a relatively high level.

From January to August, imports and exports continued their high growth momentum since the fourth quarter of last year. From a year-on-year perspective, imports and exports, exports, and imports increased by 23.7%, 23.2%, and 24.4% respectively, the highest levels in the same period in the past decade. From the two-year average growth rate, imports and exports, exports, and imports increased by 10.8%, 11.2%, and 10.3% respectively, maintaining double-digit growth.

Second, the trade structure continued to be optimized and improved.

The cooperation with emerging markets has become closer, and the proportion of exports to emerging markets has increased by 1 percentage point to 49.8%, which has increased the overall export growth rate by 12.5 percentage points. Exports continued to climb towards the high end of the value chain. Exports of electromechanical products increased by 23.8%, and their proportion increased by 0.3 percentage points to 58.8%. Exports of mobile phones, computers, and automobiles increased by 9.2%, 12.7%, and 111.1% respectively. The competitiveness of private entities continued to increase, and the export growth rate was 5.1 percentage points higher than the overall growth rate, and its share increased by 2.2 percentage points to 57.1%, which pushed up the overall export growth rate by 15.5 percentage points. The capacity for independent trade development was improved. General trade exports increased by 26.3%, and its proportion increased by 1.5 percentage points to 61.2%.

Third, the ability to innovate and develop foreign trade has gradually increased.

The Ministry of Commerce, in conjunction with all localities and departments, earnestly implemented the "Opinions on Accelerating the Development of New Business Forms and Models in Foreign Trade" to promote the integrated development of various business forms and the integration and linkage of foreign trade functions. Various departments have introduced a total of nearly 200 reform measures to continue to unbind and empower new business forms and new models. From January to June, cross-border e-commerce exports increased by 44.1%. From January to July, the market procurement trade method exports increased by 41.6%. There are more than 1,500 comprehensive foreign trade service companies, more than 1,900 overseas warehouses, with an area of more than 13.5 million square meters, and about 130 bonded maintenance projects have been completed.

Fourth, it has made outstanding contributions to the development of the national economy.

Vigorously stimulate economic growth. In the first half of the year, the increase in exports accounted for 27.9% of the increase in GDP, a 10-year high. Actively expand imports, serve the domestic cycle, and effectively guarantee economic development, industrial transformation and consumption upgrades. Promote coordinated regional development. Gradient transfer of processing trade has achieved positive results. In the first half of the year, the proportion of processing trade exports in the central and western regions increased by 2.5 percentage points to 27% compared with the same period last year. The role of job stabilization is prominent. From January to August, 127,300 foreign trade operators were newly registered, and new business formats such as cross-border e-commerce have driven a large number of small and micro entities to become new foreign trade operators, broadening social flexible employment channels. Contribute tax revenue. In the first 7 months, the import and export link tax revenue was 1.2 trillion yuan, accounting for 10.2% of the national tax revenue.

Currently, the world landscape is undergoing profound changes, the COVID-19 pandemic is fluctuating, and the world economy is struggling to recover. The majority of foreign trade entities are still facing challenges such as poor shipping and logistics and high prices of some raw materials. Next, we will continue to build a new development pattern around services, focus on stabilizing growth, promoting innovation, ensuring smooth flow, expanding cooperation, etc., focus on successfully hosting the 4th China International Import Expo and the 130th Canton Fair, and strengthen cross-cycle adjustments. Efforts will be made to keep foreign trade within a reasonable range and continue to contribute to the stable development of the national economy and the recovery of world economy and trade.