According to customs statistics, in the first five months of this year, my country’s total import and export value of goods trade was 20.68 trillion yuan, a year-on-year increase of 15.3%.In May, the total import and export value of goods trade was 4.45 trillion yuan, a year-on-year increase of 16.9%. The monthly import and export scale has stably exceeded 4 trillion yuan for three consecutive months, maintaining a steady and positive trend.
Currently, frequent global trade frictions and an overall slowdown in external demand have put many countries’ foreign trade growth under pressure and weakened. Against this background, China’s foreign trade has been able to grow against the trend, showing the characteristics of rising total volume, structural optimization, and market diversification, fully demonstrating its strong development resilience and risk resistance capabilities.Through the eye-catching segmented data, it is easy to see that the continued improvement of China's foreign trade is not just driven by short-term factors, but is rooted in the underlying strength of the economic fundamentals, new industrial momentum and high-level opening up to the outside world.
The solid confidence that foreign trade continues to operate at a high level comes from China's solid economic fundamentals, a complete industrial system and a super-large market that form two-way support.
On the one hand, my country has established the world's largest industrial system with the most complete categories and the most complete supporting facilities, covering the entire industrial chain from basic parts processing, mid-range complete equipment manufacturing to high-end intelligent manufacturing, forming an independent, controllable, collaborative and efficient supply chain system.This allows foreign trade companies to accurately adapt to global diversified and differentiated market demands, quickly complete product iterations and upgrades, stably guarantee order delivery, and effectively hedge against the impact of fluctuations in the global supply chain.
On the other hand, my country's ultra-large-scale market has unleashed strong vitality and become a solid backing for the steady growth of foreign trade.In the first five months, exports and imports of goods trade increased by 11.8% and 20.5% respectively year-on-year.The growth rate of imports is significantly higher than the growth rate of exports. Domestic production demand and consumption upgrade demand have recovered strongly, providing a broad consumption scenario for global commodities.The domestic market's demand for high-quality agricultural and food products, consumer goods and advanced industrial equipment continues to expand, providing a broad market for global commodities.
An important driver of the continued optimization of trade structure comes from the accelerated transformation of new and old driving forces in domestic industries, and industrial upgrading has driven both the quantity and quality of foreign trade.
From the perspective of the structure of traded commodities, new momentum of high-end, intelligent, and green industries has burst out, significantly increasing the "new" content of foreign trade imports and exports.In the first five months, my country's exports of mechanical and electrical products were 7.58 trillion yuan, a year-on-year increase of 18.4%, becoming a key pillar supporting export growth; imports of mechanical and electrical products were 3.54 trillion yuan, a year-on-year increase of 25.3%, effectively helping to strengthen the domestic industrial chain, empowering the cultivation of new productivity and the iterative upgrading of the industrial system.
From the perspective of trade structure, foreign trade formats have been diversified and optimized, and the development foundation has become increasingly solid.In the first five months, the import and export scale of general trade accounted for nearly 60%, which is still the basic foreign trade.At the same time, processing trade and bonded logistics trade increased by 22.9% and 41.8% year-on-year respectively, and new business formats and models such as cross-border logistics and bonded trade burst out with vitality.The continuous upgrading and iteration of the industrial side continues to empower the optimization of trade structure and promote China's foreign trade to continue to improve its global market competitiveness by relying on its hard-core product strength and diversified trade models.
The outstanding results of the diversified layout of the foreign trade market are due to my country's continued deepening of global economic and trade cooperation and its insistence on openness and win-win to empower two-way development at home and abroad.
Foreign trade is an important window for observing China’s economic vitality, and it is also an important carrier for China to empower the world with its own development.In the first five months, my country's trade with ASEAN and the EU continued to grow steadily, and trade with countries co-building the "Belt and Road" accounted for more than 50%; on May 1, my country fully implemented the "zero tariff" policy with African countries that have diplomatic relations. In the first five months, the scale of China-Africa trade exceeded 1 trillion yuan for the first time in history... Diversified market layout and pragmatic economic and trade cooperation not only develop themselves, but also benefit the world.
At present, my country's foreign economic and trade cooperation is moving towards the stage of joint construction of production capacity, technological exchanges, and mutual benefit and empowerment, helping emerging markets such as Africa and Southeast Asia to improve local industrial systems and activate economic development vitality.This mutually beneficial and win-win trade model not only continues to expand China's foreign trade global "circle of friends" and builds a solid foundation for growth, but also injects lasting and stable positive energy into the recovery of global economic and trade.
China’s foreign trade growth has a stable foundation, sufficient vitality and strong momentum.In the future, as industrial upgrading continues to deepen, institutional opening up steadily advances, and the global economic and trade cooperation network continues to improve, China's foreign trade will continue to consolidate the development trend of improving quality and efficiency, release new momentum while coordinating internal and external development, and continue to empower the high-quality development of the Chinese economy and the stability and prosperity of global economic and trade.
