China s exports returned to double digit growth

Mondo Education Updated on 2024-03-07

Xinhua News Agency, Beijing, March 7 (Reporter Zou Duowei, Tang Shining) The General Administration of Customs released data on the 7th: In the first two months of 2024, the total import and export value of China's goods was 661 trillion yuan, a year-on-year increase of 87%。Among them, export 375 trillion yuan, a year-on-year increase of 103%, the growth rate is back to double digits.

Lv Daliang, director of the Department of Statistics and Analysis of the General Administration of Customs, said that in the first two months, China's goods continued to improve since the fourth quarter of last year, with a year-on-year increase for five consecutive months, and the scale of imports and exports hit a new high in the same period in history, and the growth rate accelerated by 7 compared with the fourth quarter of last year1 percentage point to get off to a good start.

It is particularly noteworthy that in the face of continued sluggish external demand, the rapid growth of China's exports has not come easily, on the one hand, there are factors such as last year's low base, on the other hand, China's economic momentum is gradually recovering.

Lv Daliang said that since the beginning of this year, in the context of the complexity, severity and uncertainty of the external environment, China's exports have achieved double-digit growth by virtue of innovation ability and product quality, and the competitive advantage has been further consolidated6%。

At the same time, the first two months coincided with the New Year's Day and Spring Festival holidays, and the strong domestic consumption demand drove imports to continue to improve: a total of 286 trillion yuan, a year-on-year increase of 67%。

Specifically, as the main way of China's foreign affairs, the proportion of import and export has increased: in the first 2 months, the general import and export ratio is 434 trillion yuan, a year-on-year increase of 10%, accounting for 65% of China's total foreign trade value7%, an increase of 08 percentage points.

Private enterprises, the largest foreign trade business entity, are full of vitality. In the first 2 months, the import and export of private enterprises was 361 trillion yuan, a year-on-year increase of 177%, accounting for 546%, an increase of 4 over the same period last year2 percentage points. By actively seizing opportunities, the majority of private enterprises have achieved remarkable results in market development: the import and export of the "Belt and Road" countries increased by 17 percent year-on-year4%。

Imports and exports to ASEAN, the United States, and South Korea increased. In the first two months, ASEAN was China's largest partner, and the total value of China and ASEAN was 9932400 million yuan, a year-on-year increase of 81%, accounting for 15% of China's total foreign trade value. During the same period, China's imports and exports to the EU, the second largest partner, fell by 1 year-on-year3%, and imports and exports to the United States and South Korea increased by 3 year-on-year7% and 29%。

In addition, diversified economic and trade cooperation is getting closer and closer. In the first two months, China's total imports and exports to the countries that jointly built the "Belt and Road" were 313 trillion yuan, a year-on-year increase of 9%; The growth rate of imports and exports to the five Central Asian countries, Latin America and Africa was significantly higher than that of the whole, with year-on-year growth respectively3% and 173%。

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