General

According to the customs data released on the 24th, China's total import and export value in the first three quarters of this year was 31.11 trillion yuan, an increase of 9.9% over the same period last year. Among them, the export was 17.67 trillion yuan, up 13.8%; Import reached 13.44 trillion yuan, up 5.2%; The trade surplus was 4.23 trillion yuan, an increase of 53.7%.

According to customs data, China's total import and export value in September was 3.81 trillion yuan, an increase of 8.3%. Among them, the export reached 2.19 trillion yuan, up 10.7%; Imports reached 1.62 trillion yuan, up 5.2%; The trade surplus was 573.57 billion yuan, an increase of 29.9%.

Xu Deshun, a researcher at the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, said that the foreign trade data in the first three quarters generally met market expectations, especially under the influence of factors that exceeded expectations at home and abroad, the growth rate of imports and exports remained within a reasonable range. In the fourth quarter, with the release of the effects of various stable foreign trade policies, China's foreign trade will continue to grow steadily.

According to customs data, while the scale of China's foreign trade continued to grow in the first three quarters, the structure was also optimized and improved, and the import and export of general trade increased by double digits and the proportion increased. In the first three quarters, China's general trade import and export amounted to 19.92 trillion yuan, up 13.7%, accounting for 64% of China's total foreign trade, 2.1 percentage points higher than the same period last year. Over the same period, the import and export of processing trade reached 6.27 trillion yuan, an increase of 3.4%. In addition, China's imports and exports in the form of bonded logistics reached 3.83 trillion yuan, up 9.2%.

Imports and exports to ASEAN, the European Union, the United States and other major trading partners increased. ASEAN continues to maintain its position as China's largest trading partner. According to customs data, the total trade value between China and ASEAN in the first three quarters was 4.7 trillion yuan, an increase of 15.2%. The EU, the United States and South Korea are China's second to fourth largest trading partners, with year-on-year growth rates of 9%, 8% and 7.1% respectively. Over the same period, China's imports and exports to countries along the "the Belt and Road" totaled 10.04 trillion yuan, an increase of 20.7%.

As the main market body of foreign trade, private enterprises experienced rapid growth in import and export in the first three quarters, with a higher proportion. According to customs data, in the first three quarters, the import and export of private enterprises reached 15.62 trillion yuan, an increase of 14.5%, accounting for 50.2% of China's total foreign trade, up 2 percentage points over the same period last year. Over the same period, the import and export of foreign-invested enterprises reached 10.42 trillion yuan, up 2%, accounting for 33.5% of China's total foreign trade value. The import and export of state-owned enterprises reached 5.02 trillion yuan, up 15.1%, accounting for 16.1% of China's total foreign trade value.

Previously, the CCPIT released the Third Quarter Foreign Trade Situation Survey Report, which showed that 45.1% of foreign trade enterprises said that their confidence in foreign trade development in the third quarter was gradually restored; 30.31% of foreign trade enterprises expect the annual trade volume to achieve year-on-year growth, 4.09 percentage points higher than that in the second quarter.

Sun Xiao, spokesman of the China Council for the Promotion of International Trade and secretary-general of the China Chamber of International Commerce, said that the implementation effect of various policies to stabilize foreign trade began to be concentrated in the third quarter. In the first half of the year, problems such as freight rates, energy, funds and exchange rates, which were strongly reflected by enterprises, were also significantly alleviated. China's foreign trade enterprises are expected to have significantly increased confidence and will continue to show strong resilience.