In the first three quarters of this year, China's exports and imports of goods totaled 23.12 trillion yuan, up 0.7% year on year

In the first three quarters of this year, China's total import and export of goods totaled 23.12 trillion yuan, up 0.7 percent from the same period last year, said Li Kuiwen, spokesman for the General Administration of Customs and director of the Department of Statistical analysis, at a press conference held by the State Council on Wednesday.

Li kuiwen pointed out that since the beginning of this year, in the face of the severe impact of COVID-19 epidemic, China has stepped up macro policy response, done a solid job in the "six stability" work, fully implemented the "six security" tasks, coordinated epidemic prevention and control and achieved significant results in economic and social development, the effect of stabilizing foreign trade policies continued to show, and imports and exports were significantly better than expected. According to customs statistics, in the first three quarters of this year, China's total import and export of goods totaled 23.12 trillion yuan, up 0.7 percent over the same period last year. Exports totaled 12.71 trillion yuan, up 1.8%; Imports were 10.41 trillion yuan, down 0.6%. Specifically, it has the following six characteristics:

First, foreign trade imports and exports stabilized quarter by quarter, the cumulative growth rate turned negative to positive. In the first and second quarters of this year, The growth rate of China's import and export was -6.5% and -0.2% respectively. In the third quarter, China's import and export was 8.88 trillion yuan, up 7.5% year on year, among which export was 5 trillion yuan, up 10.2%, and import was 3.88 trillion yuan, up 4.3%. In the third quarter, the total value of import and export, total value of export and total value of import all hit a quarterly record high. In the first eight months, accumulative total exports achieved positive growth, and in the first three quarters, accumulative imports and exports achieved positive growth.

Second, the import and export of private enterprises has grown significantly, and the role of foreign trade "stabilizer" has become more prominent. In the first three quarters of this year, China's private enterprises imported and exported 10.66 trillion yuan, up 10.2 percent and accounting for 46.1 percent of the country's total foreign trade, up 4 percentage points over the same period last year. Among them, exports reached 7.02 trillion yuan, up 10%, accounting for 55.2% of the total value of exports. Imports totaled 3.64 trillion yuan, up 10.5% and accounting for 35% of the total value of imports. The import and export of foreign-invested enterprises was 8.91 trillion yuan, accounting for 38.5%. State-owned enterprises imported and exported 3.46 trillion yuan, accounting for 15%.

Third, imports and exports to China's major trading partners have kept growing. Asean is China's largest trading partner. In the first three quarters of this year, imports and exports to ASEAN, the European Union, the United States, Japan and the Republic of Korea were 3.38 trillion yuan, 3.23 trillion yuan, 2.82 trillion yuan, 1.61 trillion yuan and 1.45 trillion yuan, up by 7.7%, 2.9%, 2%, 1.4% and 1.1%, respectively. Asean is China's largest trading partner, accounting for 14.6% of China's total foreign trade. In addition, China's imports and exports to countries along the One Belt And One Road route reached 6.75 trillion yuan, up 1.5 percent.

Fourth, general trade imports and exports grew, and the structure of trade patterns was further improved. In the first three quarters of this year, China's general trade imports and exports totaled 13.92 trillion yuan, up 2.1%, accounting for 60.2% of China's total foreign trade value and 0.8 percentage points higher than the same period last year. Exports totaled 7.57 trillion yuan, up 3.8%; Imports totaled 6.35 trillion yuan, up 0.1%. In the same period, the import and export of processing trade was 5.39 trillion yuan, down 6.4 percent.

Fifth, the growth rate of the export of mechanical and electrical products turned from negative to positive, and the export of epidemic prevention materials grew rapidly. In the first three quarters, China's export of mechanical and electrical products reached 7.46 trillion yuan, up 3.2%, 5.5 percentage points higher than that of the first half, accounting for 58.7% of the total export value. Among them, the epidemic's changes in lifestyle led to a 17.6 percent increase in exports of notebook computers and 17.3 percent increase in exports of home appliances. Meanwhile, the export of seven categories of labor-intensive products, including textiles and clothing, reached 2.59 trillion yuan, up 5.4 percent or 20.4 percent, including 828.78 billion yuan of textile exports, up 37.5 percent. In addition, the export of medical materials and medicines, medical instruments and apparatus and instruments increased 21.8 percent and 48.2 percent, respectively.

Sixth, imports of major bulk commodities and key agricultural products increased. In the first three quarters of this year, China imported 868 million tons of iron ore, up 10.8 percent. Imports of crude oil amounted to 416 million tons, up 12.7%; Imports of coal amounted to 239 million tons, down 4.4%; Natural gas imports amounted to 73.731 million tons, an increase of 3.7%. In the same period, the import of soybean and meat increased rapidly, among which the import of soybean was 74.529 million tons, an increase of 15.5%. Imports of pork were 3.286 million tons, up 132.2%; The import of beef was 1.572million tons, an increase of 38.8%.

Li kuiwen pointed out that the coVID-19 epidemic is still spreading globally, the world economy is in severe recession, the international environment is becoming increasingly severe and complex, and uncertainty and instability are on the rise. Customs will take on the cohesion "six stability" six bao ", "always adhere to seek improvement in stability work tone, adhere to the concept of new development, further promote trade facilitation, cultivating new momentum of foreign trade, promote the innovative development of foreign trade, promote to build a new pattern of development, goals and tasks to complete the annual economic and social development to make the customs greater contributions.