The new force in international trade, the General Administration of Customs released data on September 7. In the first eight months of this year, the total value of my country's import and export of goods trade was 27.3 trillion yuan, a year-on-year increase of 10.1%. Among them, the import and export of private enterprises was 13.68 trillion yuan, an increase of 14.9%, accounting for 50.1% of my country's total foreign trade value, an increase of 2.1 percentage points over the same period last year. The outstanding performance of private enterprises is a highlight of my country's foreign trade. It can be seen from this that my country's private enterprises are playing an increasingly important role in stabilizing foreign trade.
Since the beginning of this year, due to the impact of the epidemic and unexpected unexpected factors, the downward pressure on my country's economy has increased significantly. Some foreign trade companies are faced with problems such as order cancellation, insufficient work, and goods stranded in ports. In particular, factors such as rising raw material prices and high logistics costs have further compressed the profit margins of international trade companies. At the same time, external demand has also declined in the unstable international economic and political environment.
However, what is gratifying is that under the severe foreign trade environment, private enterprises overcame difficulties and showed strong resilience. Especially in the context of the overall decline in the growth rate of foreign trade, the performance of private enterprises can be described as very eye-catching, and they are becoming a key force in stabilizing foreign trade.
The reason why private enterprises can achieve such achievements is closely related to their proactive actions in the face of difficulties. Since the beginning of this year, in terms of market development, in the face of the declining demand in major markets in the United States and Europe, private enterprises have increased their foreign trade efforts to ASEAN, Latin America and countries along the “Belt and Road”, and achieved remarkable results. For example, in the first half of this year, the import and export of private enterprises to ASEAN, Latin America, and Central Asia increased by 20.5%, 16.4%, and 53.3%, respectively, and the growth rates were higher than the overall national level.
At the same time, private enterprises are also striving to improve their internal management level, actively develop new products, continue to optimize the structure of export commodities, gradually move from the low end of the value chain to the high end, expand from traditional industries to emerging industries, and focus on cultivating independent production from mainly engaged in OEM production. The brand has been improved, and the competitiveness of the international trade market has been further improved.
In addition, vigorously developing new business formats and models such as cross-border e-commerce and market procurement trade has also become an important way for many private enterprises to cope with changes in external demand and risk challenges. Cross-border e-commerce and market procurement trade exports have grown against the trend, and are expected to increase by more than double digits this year.
Of course, more importantly, the introduction of a series of foreign trade stabilization policies has become a "reassuring pill" for stabilizing international trade companies, especially private foreign trade companies. In May this year, the General Office of the State Council issued the "Opinions on Promoting the Stability and Quality Improvement of Foreign Trade", proposing 13 specific policies and measures to help international trade enterprises cope with difficulties and challenges. At the same time, we will continue to increase tax and fee reductions. Since the beginning of this year, new tax reductions and tax reductions and tax rebates have exceeded 3 trillion yuan nationwide, benefiting many private foreign trade enterprises.
Small, medium and micro international trade enterprises are the concentration of private enterprises and the "capillaries" of my country's foreign trade industry. In response to the actual difficulties faced by small, medium and micro foreign trade enterprises in securing orders and contract performance, the Ministry of Commerce, together with relevant departments, will increase the support for export credit insurance services, continue to speed up the progress of export tax rebates, and encourage various financial institutions to increase credit support. etc., to be supported. During the critical period, many foreign trade enterprises, especially small and medium-sized enterprises, have solved their pressing needs.
At present, my country's foreign trade development is still facing a series of uncertain factors, and opportunities and challenges coexist. Private foreign trade enterprises still have a lot to do in stabilizing foreign trade, stabilizing growth and ensuring employment. On the one hand, it is necessary to continue to implement the various encouragement and support policies for stabilizing foreign trade, continuously enhance the "sense of gain" of the majority of private enterprises, and enhance their confidence and ability to expand the international trade market. On the other hand, private enterprises also need to continue to tap their own potential, improve management, further expand export scale, improve export quality, and constantly consolidate the cornerstone of stable foreign trade.