Since 2018, China's total export volume and ** surplus have grown steadily, according to information from the General Administration of Customs, in 2023, the total value of Chinese mainland's import and export commodities will be close to 4176 trillion yuan, a year-on-year increase of 02%, maintaining the world's first place for 7 consecutive years. Of this, the import amount is 1798 trillion yuan, down 03%, and the amount of export goods is about 2377 trillion yuan, an increase of 06%。
In 2018, China's total merchandise exports were 1642 trillion yuan, from 2018 to 2023, China's total merchandise exports increased by 4478%, * surplus from 233 trillion yuan increased to 578 trillion yuan, an increase of 148%.
The proportion of China's commodity exports in the world has also increased from 13 in 20192% rose to 14 in 20228%。Japan, Germany and the United States are separate. 6% and 37% down to. 5% and 31%。
From 2018 to 2023, China's commodity exports to major countries have increased, among which, China's exports to Russia, Vietnam, India and South Korea have increased significantly. 83% and 4590%。
At present, Russia has become an important exporter of mechanical and electrical products such as automobiles, machinery and equipment and equipment manufacturing, medical instruments and other mechanical and electrical products in China. In 2023, the export value of Chinese passenger cars to Russia will be 815300 million yuan, a year-on-year increase of 7514%, accounting for 15% of China's automobile exports3%。
India's middleware such as mobile phone accessories and integrated electrical appliances required by industries such as electronics manufacturing needs to be imported from China in large quantities, and India's dependence on China's ** chain is increasing, resulting in a surge in India's imports from China and an expanding deficit.
Due to the impact of Brexit, the United States imposed tariffs on Chinese products and other factors, in the past few years, China's exports to the United States have only increased by 1138%, the growth rate is significantly lower than the growth rate of China's exports in the same period. In 2023, China's exports to ASEAN and the EU have already surpassed those of the United States.
At the same time, since 2017, the proportion of U.S. imports from China has decreased by 1 3, and Mexico has also surpassed China to become the largest importer of the United States.
However, many well-known ** and institutions such as the famous British ** "The Economist", "Wall Street**" Harvard Business School and many other well-known ** and institutions believe that the decoupling of China and the United States is only superficial and illusory, and since 2019, China's global intermediate goods exports have increased by 32%. The surge was driven by Chinese exports to countries such as India, Vietnam and Mexico.
The United States and these countries are significantly increasing, taking Vietnam and India as examples, accounting for 41% has grown to 64%。
This means that countries such as India and Vietnam often act as packaging hubs, eventually transshipment goods using Chinese intermediate products to the United States. The U.S. Department of Commerce found that many of the best third countries just repackaged Chinese goods and shipped them to the United States.
In the past six years, China's exports to countries along the "Belt and Road", ASEAN and the European Union have increased respectively. 77% and 3059%。
The pattern of China's export market has undergone very obvious changes, with the increase in the number of member countries along the Belt and Road, China has increased economic and trade exchanges with countries along the "Belt and Road". In 2023, China's commodity exports to countries along the Belt and Road will increase from 45,373 in 2018800 million yuan increased to 107314 billion yuan, and the proportion of countries along the Belt and Road in China's commodity exports increased from 27 in 201864% to 4515%。
In the same period, in China's commodity exports, the proportion of exports to Russia, ASEAN and countries along the route has increased respectively. 66 and 1751 percentage points.
The European Union, the United States, and Japan accounted for the proportion of China's commodity exports from 2018 respectively. 25% and 591% down to 2023. 81% and 466%。Among China's commodity exports, the proportion of exports to the European Union, the United States and Japan has declined respectively. 44 and 125 percentage points.
At present, the sum of the proportion of China's commodity exports in Europe, the United States and Japan has increased from 41 in 201859% dropped sharply to 3429%, which is only equivalent to 75 of the countries along the route95%, China's export dependence on Europe, the United States and Japan has declined significantly. In the future, this trend will become more pronounced as the status of countries along the Belt and Road continues to rise in the global economy.