On October 14, The State Council Information Office held a press conference, Wang Lingjun, deputy director of the General Administration of Customs introduced: "Since the beginning of this year, China's economic operation has been stable and steady progress, the formation of new quality productivity has accelerated, high-quality development has been further promoted, the import and export of goods has steadily increased, and the structure of foreign trade has continued to optimize." In the first three quarters of this year, the total value of China's trade in goods was 32.33 trillion yuan, up by 5.3% year-on-year. Of this total, the export was 18.62 trillion yuan, up by 6.2%; Imports reached 13.71 trillion yuan, an increase of 4.1%.

Imports and exports exceeded 10 trillion yuan in the first, second and third quarters

Wang Lingjun said that this year, the total value of China's import and export hit a new high, the first three quarters of the history of the same period exceeded 32 trillion yuan for the first time, each quarter was 10.15 trillion, 11 trillion, 11.17 trillion yuan, more than 10 trillion yuan, in the history of the same period is also the first time. Since the beginning of this year, the characteristics of import and export in many aspects deserve attention.

Various business entities remain active. In the first three quarters, the import and export of private enterprises reached 17.78 trillion yuan, an increase of 9.4%, accounting for 55% of the total value of foreign trade, an increase of 2.1 percentage points; The import and export of foreign-invested enterprises reached 9.53 trillion yuan, an increase of 1.1 percent and an increase for the second consecutive quarter.

Market diversification made steady progress. In the first three quarters of this year, China's imports and exports to countries jointly building the Belt and Road reached 15.21 trillion yuan, an increase of 6.3%, accounting for 47.1% of the total. China's imports and exports to other members of the Regional Comprehensive Economic Partnership (RCEP) reached 9.63 trillion yuan, up by 4.5 percent, and those to ASEAN reached 5.09 trillion yuan, up by 9.4 percent. This year, the BRICS cooperation mechanism expanded its membership. After the expansion, the share of BRICS countries in global trade has exceeded one fifth, and their international influence has further expanded. In the first three quarters, China's import and export to other BRICS countries reached 4.62 trillion yuan, an increase of 5.1 percent. In the industrial field, China and other BRICS countries have fully leveraged their comparative advantages in intermediate products and achieved complementarity in basic industries such as steel, chemicals and textiles. In the field of agriculture, the superior agricultural products of China and other BRICS countries meet each other's diversified needs, and there are frequent trade exchanges in agricultural machinery and agricultural materials products.

Optimize the structure of export products. In the first three quarters, the export of mechanical and electrical products reached 11.03 trillion yuan, an increase of 8%, accounting for 59.3% of the total export value. Among them, the export of high-end equipment increased by 43.4%, the export of integrated circuits, automobiles, and household appliances increased by 22%, 22.5%, and 15.5%, respectively.

Both supply and demand promote China's import and export to maintain steady growth

Wang Lingjun said that since the beginning of this year, China's imports and exports can maintain stable growth, depending on both supply and demand.

Demand, from the international point of view, the latest WTO report raised the forecast for the annual growth rate of trade in goods, the World Bank, OECD and other institutions believe that the global economy is stabilizing, external demand warming for China's exports to create favorable conditions. In the first three quarters, China's exports to traditional markets such as Europe, the United States and Japan increased by 4.2%, while exports to emerging markets such as ASEAN and Latin America increased by 12.3% and 13.7% respectively. From the domestic point of view, since the beginning of this year, China's industrial production has grown steadily, driving the first three quarters of coal, natural gas, iron ore imports increased by 11.9%, 13%, 4.9%. With the cyclical upward trend of the consumer electronics industry, imports of semiconductor manufacturing equipment, integrated circuits, and flat panel display modules all achieved double-digit growth. The consumer market continued to grow steadily, with imports of consumer goods such as specialty fruits, wine and clothing increasing by 7.1%, 28.9% and 6.1% respectively, effectively matching the diversified domestic consumer demand.

On the supply side, China is currently accelerating the development of new quality productivity, and the trend of high-end, intelligent and green manufacturing is very obvious, and innovation makes Chinese manufacturing more widely favored. From the high-end point of view, Chinese manufacturing shows excellent strength, for example, recently China exported the world's largest production storage and unloading platform, the unit price of more than 10 billion yuan, according to the displacement calculation, equivalent to the displacement of 5 aircraft carriers, which represents the highest level of global offshore equipment. From the point of view of intelligence, a large number of intelligent home appliances such as the intelligent sweeping robot that integrates cleaning and dragging, and the automatic coffee machine that can make more than ten kinds of flavors by itself are widely welcomed by overseas customers. In the first three quarters, exports of household appliances rose 15.5%. From the perspective of green, China's new energy industry has effectively connected with the global green development trend, and the exports of wind turbines and electric vehicles have increased by 73.9% and 22% respectively.

The slowdown in export growth in September is normal data volatility in the short term

"In September, China's exports 2.17 trillion yuan, an increase of 1.6%, the growth rate has slowed down, but it is a short-term normal data fluctuations, mainly affected by some short-term accidental factors." General Administration of Customs spokesman, statistical analysis department director Lu Daliang said.

First of all, it has something to do with the extreme weather. In September, two typhoons landed in the Yangtze River Delta successively. After the typhoon, the schedule of the fleet is often delayed, and the export is lagging behind. Secondly, some time ago, due to the global shipping difficulties, the shortage of containers, and the expected negotiation of the contract expiration of dock workers on the East coast of the United States, the company's shipment and logistics rhythm have been adjusted. In addition, the high export scale base in September last year also restricted the year-on-year growth rate in September this year.

Lu Daliang said that according to the latest preliminary data released by various economies, China's overall exports accounted for a steady rise in the global market share, and exports still have strong resilience. A recent survey of more than 800 major exporters showed that 69% reported flat or rising exports in the fourth quarter.

Data also show that since July, China's import scale expanded month by month, September was the highest point in the year, an increase of 2%. In September, coal, natural gas and integrated circuit imports increased by 13%, 19% and 17%, respectively, reflecting the continued recovery of domestic demand.

On the next trend, Wang Lingjun analysis, the current external environment is more complex and severe, the latest report of the International Monetary Fund shows that the global economic growth rate is lower than the average level in the first 20 years of this century. In addition, some countries frequently take trade restrictions on our products, and major economic indicators such as domestic industry, investment and consumption have also experienced some fluctuations recently, which has also brought certain pressure to the development of foreign trade. However, the fundamentals of China's economic development have not changed, and favorable conditions such as large market potential and strong economic resilience have not changed. Recently, various departments and regions are stepping up their efforts to fully implement the decisions and plans of the Political Bureau of the CPC Central Committee and actively introduce a package of incremental policies to support the healthy development of the real economy and business entities. "With the concerted efforts of policies, China's economy will continue to move steadily upward, toward excellence and for the better, and we have the conditions and confidence to achieve the goal of stabilizing the quality and volume of foreign trade for the whole year."