In November this year, China's export data showed a positive change, achieving positive growth for the first time. According to the latest data, the total export volume of our country in November reached 21 trillion yuan, an increase of 17%, up 0. year-over-year in dollar terms5%。This is undoubtedly good news in the context of the global downturn. While this growth may be related to the low base of the same period last year, the cumulative data shows that exports in the first 11 months were still up 03%, showing the overall steady growth trend of China's exports.
However, it should be noted that among the top three Chinese exports, exports to the United States fell the most. In the first 11 months of this year, China's exports to the United States fell by 13 percent year-on-year8%, which reduces China's position in China and the United States. This reflects the negative impact of the war between China and the United States, as well as the impact of additional tariffs imposed by the United States on Chinese exports.
One of the main reasons for the decline in China's exports to the United States is the impact of the Sino-American war. Since 2018, China and the United States have been hit by the war, and the amount between the two countries has dropped significantly. In particular, the additional tariffs imposed by the United States on Chinese goods have severely restricted Chinese exports to the United States. In addition, after the outbreak of the epidemic, China took the lead in resuming production and exports, becoming the main medical supplies of the United States. However, with the change of the global situation, the scale of China's exports to the United States has gradually decreased, resulting in China's position in the United States falling to the third place compared with the scale of Mexico, Canada and other countries.
There are two main reasons why Mexico is the largest partner of the United States. First of all, Mexico is strategically located on the border with the United States, making it easy to get around. Secondly, Mexico signed a freedom agreement with the United States, which eliminated tariffs and restrictions and promoted exchanges between the two countries. This makes Mexico one of the largest importers to the United States. Interestingly, China's exports to Mexico have increased significantly in the past two years, and Mexico's exports to the U.S. are similar to Mexico's imports from China. This suggests that Mexico is acting as a "transit point" for secondary processing or assembly of goods imported from China before transshipment to the United States. A similar situation has arisen in Southeast Asian countries, which also rely on Chinese exports and thus indirectly supply goods to the United States.
Despite the decline in China's exports to the United States, China is still an important manufacturing power in the global industrial chain. China has a strong manufacturing base, a wide range of products, and is globally competitive. While U.S. direct imports from China have decreased, indirect imports from China through other countries still exist and are on a larger scale. As a manufacturing power, China still plays an important role in the global ** chain.
At the same time, China's significant increase in exports from Mexico also shows that China's position in the global ** cannot be ignored. The increase in Chinese exports to Mexico not only reflects the high quality and competitiveness of Chinese products, but also reflects the close ties between China and Mexico.
In short, under the current global situation, China's exports are facing various challenges, especially the impact of the Sino-US war. However, by adjusting the export structure and diversifying the market, China's exports have maintained steady growth. China remains an indispensable and important part of the world's first game. Strengthening independent innovation, improving product quality and technical content, and expanding diversified partners will bring more opportunities and growth points for China's exports.
China's export situation began to change positively in November 2021, achieving positive growth for the first time. Despite the large range of exports to the United States, China's overall exports have maintained a steady growth trend. Mexico has become one of the largest partners of the United States, and at the same time an important destination for Chinese exports. As an important link in the global chain, China still occupies an irreplaceable position. In the face of an increasingly complex international environment, China needs to continue to strengthen its independent innovation capabilities, improve product quality and technical content, and expand diversified markets to meet various challenges and maintain stable growth in exports.