In 2020, China's total import and export value in goods trade will be 32.16 trillion yuan, consolidating its position as the largest country in goods trade

The value of China's imports and exports in goods trade reached a record high of 32.16 trillion yuan in 2020, up 1.9 percent from 2019, according to data released by the General Administration of Customs on January 14. Exports accounted for 17.93 trillion yuan, an increase of 4%; Imports were 14.23 trillion yuan, down 0.7%; The trade surplus was 3.7 trillion yuan, an increase of 27.4%.

"In the past year, in the face of the severe and complex international situation and the severe impact of the Covid-19 epidemic, China's foreign trade has been significantly better than expected, and the scale of foreign trade has reached a new record high. China has become the only major economy in the world that has achieved positive growth in trade in goods, which fully demonstrates the strong resilience and comprehensive competitiveness of China's foreign trade." Li Kuiwen, spokesman of the General Administration of Customs and director of the Statistical Analysis Department, said at a press conference of the State Information Office on Thursday.

-- The total value of imports and exports in goods reached 32.16 trillion yuan, thanks to China's advantage in the super-large market and the increasing competitiveness of its enterprises.

The Wuzhong Comprehensive Bonded Zone, just south of Suzhou, Jiangsu province, is still hot as the lowest temperature recently approached zero degrees Celsius. Data from Suzhou Customs showed that the value of goods entering and leaving the zone under classified supervision was 4.97 billion yuan in 2020, up 95 percent from 2019.

"In 2020, China's foreign trade recovered rapidly after a first quarter of turbulence. The scale of import and export reached a record high, and the international market share also reached a record high." Li Kuiwen introduced that according to the World Trade Organization (WTO) estimates, in the first 10 months of 2020, China's international market shares of import and export, export and import were 12.8%, 14.2% and 11.5%, respectively, 0.8, 0.4 and 0.7 percentage points higher than the historical peak value, which further consolidated China's position as the largest country in trade in goods.

"China's advantage in the super-large market provides strong support for the expansion of imports." Li Kuiwen said that under the influence of the epidemic, the global trade has shrunk significantly, and China's super-large market advantage is more obvious, the import demand is stable. In 2020, China's imports of crude oil, metal ore and other resource-based products will increase by 7.3% and 7% respectively. At the same time, the export of China's traditional competitive products continued to maintain growth. Exports of mechanical and electrical products totaled 10.66 trillion yuan, up 6%. Exports of notebook computers, household appliances, and medical instruments and instruments increased by 20.4 percent, 24.2 percent and 41.5 percent respectively.

-- The total value of imports and exports in goods reached 32.16 trillion yuan, thanks to the continued increase in the vitality of foreign trade entities.

"Experts from Beijing Customs guided us on site to improve the production and processing technology according to the requirements of the EU, to ensure that the casing production and processing all meet the requirements of the EU." Liu Changfang, the import and export manager of Beijing Qiushi Agricultural Development Co., Ltd., said the company's foreign trade will buck the trend in 2020, with the company exporting 180 million yuan of casings, up 10% year on year.

In 2020, all localities and departments will do well in the work of "six stability" and implement the tasks of "six guarantees", coordinate the prevention and control of epidemic diseases at ports and stabilize foreign trade, and promote the vitality of foreign trade players to continue to increase while keeping foreign trade market players.

Statistics show that in 2020, China had 531,000 import and export enterprises with solid performance, an increase of 6.2%. Imports and exports of private enterprises totaled 14.98 trillion yuan, an increase of 11.1 percent, accounting for 46.6 percent of China's total foreign trade.

-- The total value of imports and exports in goods reached 32.16 trillion yuan, thanks to the vigorous development of new forms of foreign trade.

On January 10, a batch of export goods worth about 150,000 yuan from Shandong Overseas Purchase and Trade Co., Ltd. was successfully shipped to sea from Qianwan Port in Qingdao. "Qingdao Customs has launched a 24-hour overtime reservation system, which facilitates our cross-border e-commerce exports." The company said the relevant person in charge.

Statistics show that in 2020, China's new forms of foreign trade will flourish. The import and export of cross-border e-commerce reached 1.69 trillion yuan last year, up 31.1 percent, and exports from market purchases increased 25.2 percent. New forms of business have become an important force for stabilizing foreign trade.

"In 2021, the scale of China's import and export is expected to continue to grow as a new pattern of development featuring domestic circulation as the main body and mutually reinforcing domestic and international cycles accelerates the construction, high-level opening-up continues to advance, and new international cooperation and competitive advantages continue to take shape." Li Kuiwen said.