China's exports and imports of goods totaled 2.73 trillion yuan in January, an increase of 8.7% year-on-year, according to data released by the General Administration of Customs on the 14th. Experts believe that it is not surprising that foreign trade is getting off to a good start. More attention should be paid to medium-term and long-term trends, and efforts should be made to promote high-quality development of foreign trade and build a new pattern of high-level opening up.
It's showed that in January, China’s exports were 1.5 trillion yuan, an increase of 13.9%; imports were 1.23 trillion yuan, an increase of 2.9%; the trade surplus was 271.16 billion yuan, an increase of 1.2 times. Measured in US dollars, the total value of China's imports and exports in the same period reached US$395.98 billion, an increase of 4%. Among them, exports were US$217.57 billion, an increase of 9.1%; imports were US$178.41 billion, a decrease of 1.5%; the trade surplus was US$39.16 billion, an increase of 1.1 times. "The January data can be a good start." Zhuang Rui, vice President of the institute, told Xinhua news Agency, "The result is consistent with the reality of China's foreign trade development and the logic of global trade development. It is not surprising." In terms of trade types, China's general trade import and export reached 1.66 trillion yuan, an increase of 13%, accounting for 60.9% of China's total foreign trade, an increase of 2.3 percentage points from the same period last year, showing a rapid growth and an increasing proportion. The import and export of processing trade was 680.7 billion yuan, down 0.9%, accounting for 24.9%, down 2.4 percentage points. n addition, China's imports and exports through bonded logistics reached 279.73 billion yuan, an increase of 9.3%, accounting for 10.2% of China's total foreign trade value. From the perspective of major trading partners, China’s imports and exports to major markets such as the EU, ASEAN, and Japan have all increased, and the growth rate of imports and exports to countries along the “the Belt and Road” is higher than the overall growth rate.
Specifically, in January, the total value of China-EU trade was 444.84 billion yuan, an increase of 17.6%, accounting for 16.3% of China's total foreign trade value; The total value of trade between our country and ASEAN was 356.6 billion yuan, an increase of 7.8%, accounting for 13.1% of China’s total foreign trade value; our country’s total imports and exports to countries along “the Belt and Road” reached 770.8 billion yuan, an increase of 11.5%, which was 2.8 percentage points higher than the overall national growth rate and accounted for 28.2% of China’s total foreign trade value, an increase of 0.7 percentage points.
"Whether it is the type of trade or the trading partner, if we combine the situation over a period of time, it is not difficult to see that the overall stability of China's foreign trade has improved and made progress, the fundamentals remain unchanged." Zhuang rui said, "That is to say, China's foreign trade still have the confidence to develop steadily."
As for the relatively large year-on-year increase in January's trade surplus, she believes that the data of a single month are greatly influenced by factors such as season, holiday, base level and foreign exchange settlement, showing a short-term trend and not necessarily indicating a long-term trend. As China's economy moves towards a stage of high-quality development, the people's demand for a better life is growing. In addition, a series of policies to expand opening-up and import will be implemented. In the long run, China's trade in goods will become more and more balanced.
