General

Recently, the customs data of 31 provinces and municipalities directly under the central government from January to October 2022 has been released!

According to customs data, the total import and export value of Guangdong Province from January to October reached 6,834.92 billion yuan, ranking first in the country, and the total value of imports and exports exceeded 6.8 trillion yuan.

In addition, except for Guangdong, the top ten provinces and municipalities directly under the Central Government are: Jiangsu (4.54497 billion yuan), Zhejiang (3.89664 billion yuan), Shanghai (3.45752 billion yuan), Beijing (2.9605 billion yuan), Shandong (2.70167 billion yuan) ), Fujian (1,623.05 billion yuan), Sichuan (826.43 billion yuan), Henan (718.28 billion yuan) and Tianjin (695.47 billion yuan) ranked tenth.

According to customs data, there are only 7 provinces whose total import and export trade value exceeds one trillion yuan. The highest is Guangdong Province with more than 6.8 trillion yuan and Fujian with more than 1.6 trillion yuan. The rest of the provinces and municipalities are all below one trillion yuan. Three of the four municipalities directly under the central government squeezed into the top ten. Only Chongqing ranked eleventh in the country, with a total import and export value of 685.47 billion yuan, which was less than 5 billion yuan compared with Tianjin, which ranked tenth.

In addition, according to customs data, in terms of year-on-year growth rate, Tianjin is the only region with a negative growth rate among the top ten, with a year-on-year growth rate of -0.6%. Among them, Zhejiang, Beijing, Shandong, Anhui, Hunan, Jiangxi, Yunnan, Heilongjiang, Xinjiang, Hainan, Inner Mongolia, Guizhou, Gansu, Ningxia, Tibet, and Qinghai all exceeded 10% year-on-year.

There are only three regions with negative growth rates. Besides Tianjin, Shanxi and Jilin also achieved negative growth rates.

As a municipality directly under the Central Government, although Tianjin ranks tenth in the country in terms of total value of import and export trade, its year-on-year growth rate is one of the areas with negative growth rates, and its performance has declined. On the other hand, Chongqing, although the total value of import and export trade is less than that of Tianjin, Chongqing is a region that has achieved a year-on-year growth rate of 7.2%, showing a growth trend. Overall, it is not necessarily worse than Tianjin.

In addition, according to customs data, looking at the total value of import and export trade separately, the total export value of the Tianjin area we are concerned about is 321.61 billion yuan, a year-on-year increase of 2.6%, ranking fifteenth in the country; the total import value reached 373.86 billion yuan , with a year-on-year negative growth of 3.3%, ranking eighth in the country.

It can be said that Tianjin's current trade situation is that the total value of imports is greater than the total value of exports, and the difference is negative. Conceptually speaking, this is called a trade deficit, which reflects the relatively unfavorable trend of Tianjin's foreign trade. However, this gap is gradually decreasing. The total export value of Tianjin has shown an increasing trend, while the total import value has achieved negative growth. This is a very good trend.

On the whole, the total value of import and export trade reflects the frequency of import and export trade in Tianjin, and indirectly reflects the establishment of trade relations between Tianjin and various countries and cities in the world.

Although currently the total import volume of Tianjin is greater than the total export volume, overall Tianjin is ranked among the top ten in the country. I believe that Tianjin will perform better in terms of import and export trade in the future.