General

Since the beginning of this year, despite the increase in external environmental risks and challenges caused by the new crown pneumonia epidemic and the Ukraine crisis, on the whole, the global economy is still showing a recovery trend, and the international market demand has remained stable. At the same time, my country has introduced several rounds of foreign trade stabilization policies and supporting measures. With the joint efforts of all parties, my country's foreign trade has shown strong resilience.

According to Huacheng's import and export data, 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%.

Import and export data show that my country's exports in the first eight months were 15.48 trillion yuan, an increase of 14.2%; imports were 11.82 trillion yuan, an increase of 5.2%; the trade surplus was 3.66 trillion yuan, an increase of 58.2%.

In August alone, the total value of my country's foreign trade imports and exports was 3.71 trillion yuan, an increase of 8.6%. Import and export data show that among them, exports were 2.12 trillion yuan, an increase of 11.8%; imports were 1.59 trillion yuan, an increase of 4.6%; trade surplus was 535.91 billion yuan, an increase of 40.4%.

Li Kuiwen, director of the Statistics and Analysis Department of the General Administration of Customs, said that since the beginning of this year, in the face of the complex and severe foreign trade development environment, my country has effectively coordinated epidemic prevention and control and economic and social development, and has continued to issue a series of policies to stabilize foreign trade, which has promoted the steady growth of foreign trade.

From the perspective of trading partners, ASEAN continues to maintain the status of my country's largest trading partner. The European Union, the United States and South Korea are my country's second, third and fourth trading partners respectively. Import and export data show that in the first eight months, the total value of trade between my country and ASEAN was 4.09 trillion yuan, an increase of 14%, accounting for 15% of my country's total foreign trade value; the total value of trade between my country and the EU was 3.75 trillion yuan, an increase of 9.5% , accounting for 13.7%; Sino-US trade value was 3.35 trillion yuan, an increase of 10.1%, accounting for 12.3%; Sino-Korea trade value was 1.6 trillion yuan, an increase of 7.8%, accounting for 5.9%.

It is worth mentioning that during the same period, my country’s total imports and exports to countries along the “Belt and Road” increased by 20.2% year-on-year, and its imports and exports to the other 14 members of the Regional Comprehensive Economic Partnership (RCEP) increased by 7.5% year-on-year.

From the perspective of foreign trade entities, private enterprises continue to play the role of the "main force" of foreign trade. In the first eight months, the import and export of private enterprises reached 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 import and export data also showed that exports of mechanical and electrical products and labor-intensive products both increased. In the first 8 months, my country exported mechanical and electrical products 8.75 trillion yuan, an increase of 9.8%, accounting for 56.5% of the total export value; labor-intensive products exported 2.81 trillion yuan, an increase of 14.1%, accounting for 18.1%.

In response to the risks and challenges faced by foreign trade, on September 5, the relevant person in charge of the Ministry of Commerce stated at a regular policy briefing that the development of foreign trade will be further stabilized from four aspects.

The first is to promote the development of new formats and new models of foreign trade. Policies to support the development of cross-border e-commerce overseas warehouses should be introduced as soon as possible, and professional entities such as logistics enterprises, cross-border e-commerce platforms and large cross-border e-commerce sellers should be supported to build overseas warehouses. At the same time, a new batch of cross-border e-commerce comprehensive pilot zones and market procurement trade methods will be added as soon as possible.

Secondly, it will support the export of key products such as new energy vehicles. Support new energy vehicle companies to speed up the construction of overseas marketing and after-sales service networks. Encourage qualified overseas institutions of Chinese-funded banks to provide overseas consumer financial products.

In terms of unblocking the channels for foreign trade enterprises to grab orders, it will provide more convenience and support for foreign trade enterprise personnel to carry out business activities abroad. Further play the role of overseas self-organized exhibitions, and actively support small, medium and micro foreign trade enterprises to participate in the exhibition.

In addition, continue to guide foreign trade enterprises to establish a neutral awareness of exchange rate risks, encourage banking institutions to innovate and optimize products, and provide exchange rate hedging and cross-border RMB settlement services for more small, medium and micro foreign trade enterprises.

In the post-epidemic era, the development of foreign trade environment has undergone profound changes. Traditional offline customer acquisition methods cannot meet the needs of enterprises to develop overseas markets. Many enterprises turn to online channels to acquire customers. Huacheng Chuangzhi's product customer discovery is born for foreign trade people to acquire customers online.

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