On September 7, the General Administration of Customs released foreign trade data for August. my country’s foreign trade import and export reached 2.88 trillion yuan, an increase of 6%. Among them, exports were 1.65 trillion yuan, an increase of 11.6%; imports were 1.23 trillion yuan, a decrease of 0.5%; the trade surplus was 416.59 billion yuan, an increase of 74.4%. What do you think of this transcript?
Just now, the General Administration of Customs released foreign trade data for August. From a total volume perspective, the total import and export value of goods trade increased by 6%, which is a very large increase. , and because the export growth rate is faster than the import growth rate, the trade surplus has expanded by 74.4%. In the first eight months, the total import and export value of my country’s goods trade reached 20.05 trillion yuan! It can be said that the results are very impressive. In this regard, we will look at this report card from four aspects:
1. From the perspective of foreign trade structure, my country’s general trade growth rate and bonded logistics trade have achieved double growth, the trade structure has been further optimized, and the regional layout of foreign trade has become more coordinated.
2. From the perspective of the trade market, in August, imports and exports to Southeast Asia, the United States, the European Union and Japan all increased. Among them, the EU 411,593.0 (million USD), the United States 55,306 (USD million), Southeast Asia 59,755.1 (USD million), and Japan 25,883.7 (USD million). In the first eight months, China’s imports and exports to ASEAN, the EU, and Japan increased, while imports and exports to the United States decreased slightly. .
3. From the perspective of market entities, the proportion of private enterprises in trade has further increased. In the first eight months, the import and export of private enterprises was 9.21 trillion yuan, an increase of 8.5%, accounting for 45.9% of China’s total foreign trade value, an increase of 3.9 percentage points over the same period last year. During the same period, the import and export of foreign-invested enterprises was 7.74 trillion yuan, a decrease of 4.3%, accounting for 38.6% of China’s total foreign trade value. In addition, the import and export of state-owned enterprises was 3.02 trillion yuan, a decrease of 13.2%, accounting for 15.1% of China’s total foreign trade value.
4. In terms of export commodities, the export of mechanical and electrical products, textiles and plastic products increased, while the export of clothing decreased. After the domestic epidemic situation stabilized, foreign trade products quickly developed:
It is worth noting that iron ore, crude oil, coal, Imports of natural gas, soybeans and other commodities increased and prices fell. In the first eight months, China imported 760 million tons of iron ore, an increase of 11%, and the average import price was 652.4 yuan per ton, a decrease of 0.2%; crude oil was 368 million tons, an increase of 12.1%, and the average import price was 2,306.4 yuan per ton, a decrease 30.1%; coal was 221 million tons, an increase of 0.2%, and the average import price was 493.5 yuan per ton, a decrease of 8.4%; natural gas was 65.068 million tons, an increase of 3.3%, and the average import price was 2,450.1 yuan per ton, a decrease of 18.1%; soybeans were 64.739 million tons tons, an increase of 15%, the average import price was 2718.8 yuan per ton, a decrease of 0.4%, etc.
Through the foreign trade data in August, we can see that the door to the opening up of the Chinese market is opening wider and wider. At the same time, China is opening up to developing countries that mainly export raw materials. It is also an increasingly important trading partner for the country.
China’s foreign trade volume has exceeded 20 trillion yuan, which has two important significances.
First, with the recovery of import and export strong, China’s economy is also expected to continue to recover, which is undoubtedly a great benefit for boosting China’s economic prospects and enhancing the confidence of foreign investors. Recently, Morgan Stanley, a well-known U.S. investment bank, said that more than 3 trillion U.S. dollars (approximately 20.5 trillion yuan) of foreign capital may pour into China in the next 10 years, and will promote the renminbi to become the world’s largest currency after the U.S. dollar and the euro. The third largest reserve currency.
Secondly, as the second largest economy in the world, China has become a member of many countries, especially EU countries such as Germany, France and Italy. Hopes of boosting the economy. Today, China’s strong import and export data will also consolidate its confidence in strengthening cooperation with China, which is expected to promote the common economic development of China and the EU. </p
