Home » Private enterprises grew faster in the first November, the scale of foreign trade exceeded the level of last year

Private enterprises grew faster in the first November, the scale of foreign trade exceeded the level of last year

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Emerging business types are booming, private enterprises have the fastest growth

The scale of foreign trade in the first November exceeds the level of last year

The data released by the General Administration of Customs on December 7 showed that my country’s foreign trade imports and exports continued to grow steadily. The scale of foreign trade in the first November of this year has exceeded the level of last year.

Since the beginning of this year, under the complex and severe global economic situation, my country’s foreign trade has achieved contrarian growth. According to statistics, in the first November, the total value of my country’s foreign trade imports and exports exceeded 35.39 trillion yuan, a year-on-year increase of 22%. Among them, exports were 19.58 trillion yuan, a year-on-year increase of 21.8%; imports were 15.81 trillion yuan, a year-on-year increase of 22.2%. The trade surplus was 3.77 trillion yuan, a year-on-year increase of 20.1%.

In November, my country’s total import and export value was 3.72 trillion yuan, a year-on-year increase of 20.5%. Among them, exports were 2.09 trillion yuan, a year-on-year increase of 16.6%. Although the growth rate dropped from the previous month, they were still running at a high level; imports were 1.63 trillion yuan, a year-on-year increase of 26%, a record high this year; a trade surplus of 460.68 billion yuan , A year-on-year decrease of 7.7%.

Regarding the current-than-expected performance of foreign trade, Xu Deshun, a researcher at the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, said that the continued recovery of the global macro economy will support my country’s export growth in quantity, and it is also superimposed by factors such as overseas epidemic disturbances and the peak Christmas consumption season. In the future, the uncertainty and instability of the external environment may weaken the marginal effect of foreign trade exports.

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In terms of trade methods, my country’s general trade import and export in the first November was 21.81 trillion yuan, an increase of 25.2% year-on-year, accounting for 61.6% of my country’s total foreign trade value, an increase of 1.6% over the same period last year. In the same period, the import and export of processing trade was 7.64 trillion yuan, an increase of 11%, accounting for 21.6%, and a decline of 2.1 percentage points.

“In the first 11 months, my country’s imports and exports by bonded logistics were 4.44 trillion yuan, an increase of 28.5%. Among them, emerging trade formats represented by cross-border e-commerce have flourished, promoting the further optimization of trade methods and structures.” General Administration of Customs Li Kuiwen, Director of the Statistical Analysis Department said.

From the perspective of commodity structure, my country’s exports of mechanical and electrical products and high-tech products are eye-catching. In the first November, my country’s exports of mechanical and electrical products reached 11.55 trillion yuan, a year-on-year increase of 21.2%. From the perspective of market players, private enterprises have the fastest growth rate and increased proportion of imports and exports. In the first November, the import and export of private enterprises was 17.15 trillion yuan, a year-on-year increase of 27.8%, accounting for 48.5% of China’s total foreign trade value, an increase of 2.2 percentage points from the same period last year.

my country is actively optimizing the market structure and trading partners are becoming more diversified. In the first November, my country’s imports and exports to ASEAN, EU, US, and Japan were 5.11 trillion yuan, 4.84 trillion yuan, 4.41 trillion yuan, and 2.2 trillion yuan, respectively, up by 20.6%, 20%, 21.1%, and 10.7% year-on-year. . ASEAN is my country’s largest trading partner, accounting for 14.4% of my country’s total foreign trade value. During the same period, my country’s imports and exports with countries along the “Belt and Road” totaled 10.43 trillion yuan, a year-on-year increase of 23.5%.

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Reporter Gu Yang

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