In recent years, the turbulence in Sino-US relations and the outbreak of war have caused China's exports to the United States to show a downward trend. According to the latest data, in the first 11 months of this year, the scale of China's exports to the United States fell by 13 percent year-on-year8%, which is the largest decline in China's exports. Looking back on history, since China's entry into the World Organization, the scale of exports to the United States has been showing a rapid growth trend, and even surpassed Canada in 2014 to become the largest partner of the United States. However,Sino-US warand the U.S. imposed additional taxes on Chinese goodsTariffsand other factors have caused significant changes in Sino-US relations, and China's exports to the United States have shown a sharp decline.
In the changes in Sino-US relations, Mexico has risen to become the largest importer of the United States, close to and second to China. According to the data, Mexico and the United States currently account for 15%, more than China's 12%. Mexico has been able to become the largest partner of the United States on the one hand, thanks to its superior geographical location, and on the other hand, it has been signed by both partiesFree**agreement, canceledTariffsand**restrictions,Narrowing the relationship between the two sides**.
Interestingly, in recent years, our exports to Mexico have increased significantly. According to statistics, Mexico's imports from China are similar to those it exports to the United States. This means that Mexico is from ChinaImported goodsAfter secondary processing or assembly, it is then resold to the United States. This operation in Mexico is similar to the "transit" in Southeast Asia, which is also very dependent on Chinese exports. Therefore, while China is against the United StatesDirect exportVolume is decreasing, but overall exports are still increasing. Although the U.S. has reduced its direct imports from China, it is still very dependent on imports from China indirectly through transit countries such as Mexico. This phenomenon shows that China is still globalIndustrial chainIt plays an important role as a manufacturing power.
In the context of declining exports to the United States, the overall pattern of China's foreign exports has shown a rebounding trend. According to the latest data, China's exports reached 21 trillion yuanRMB, a year-on-year increase of 17%。In dollar terms, exports increased by 05%，SurplusIt also expanded by 4 per cent. Although the single monthly data** has some relationship with the low base of the same period last year, from the cumulative data in the first 11 months of this year, China's exports increased by 03%, in the global downturn, this growth trend is commendable.
It is worth mentioning that the changes in China's export pattern are similar to those of the worldChainofRefactoringThere is a close relationship. In recent years, with the globalizationIndustrial chainChina's manufacturing industry is moving towards high-end manufacturing andInnovation-drivenin the direction of the lift. Driven by the demand of the domestic market, China's exports are showing a trend of diversification and structural adjustment. At the same time, China has also strengthened cooperation with Mexico and other transit countries to promote the flow of goods, which has further promoted the recovery of China's export pattern.
Judging from the above data and analysis, the scale of China's exports to the United States is declining, but the overall export pattern is showing a momentum of recovery. This suggests that we should review and adjust China's export structure and actively expand cooperation with other countries and regions. At the same time, strengthening cooperation with transit countries and optimizing circulation methods will help further enhance China's global developmentChainin the status and influence.
In addition, China should adhere to the path of high-quality development, improve product quality, technical level and brand influence, strengthen independent innovation, and promote the manufacturing industry to move towards high-end fields. InDigital economy, artificial intelligence, etcEmerging industriesChina's export landscape will be more diversified and innovative.
All in all, while the decline in the size of China's exports to the United States is a problem that cannot be ignored, we cannot focus solely on this and ignore the upward trend in the overall export pattern. China should take this opportunity to adjust the export structure, optimize the way of cooperation, and actively expand other market sharesEconomyof high-quality development. At the same time, in the midst of international changes, China has developed independent innovation and high-end manufacturing, improved technology research and development capabilities and product competitiveness, and strengthened cooperation with transit countries to achieve more stable and sustainable growth.