According to Chinese customs statistics, the total value of China's import and export of goods trade in the first quarter of this year was 9.42 trillion yuan, a year-on-year increase of 10.7%. Among them, the export was 5.23 trillion yuan, an increase of 13.4%; Imports reached 4.19 trillion yuan, an increase of 7.5%.
Specifically, there are five characteristics:
First, the import and export proportion of general trade increased. In the first quarter, China's general trade import and export reached 5.95 trillion yuan, an increase of 13.9%, accounting for 63.2% of China's total foreign trade import and export value, an increase of 1.8 percentage points over the same period last year; Among them, the export was 3.28 trillion yuan, an increase of 17.9%; Imports reached 2.67 trillion yuan, an increase of 9.3%. Over the same period, China's import and export of processing trade reached 1.99 trillion yuan, an increase of 4.2%.
Second, both imports and exports with major trading partners grew. In the first quarter, China's imports and exports with ASEAN, the European Union, the United States, South Korea and Japan were RMB 1.35 trillion, 1.31 trillion, 1.18 trillion, 574.18 billion and 571.03 billion respectively, an increase of 8.4%, 10.2%, 9.9%, 12.3% and 1.8% respectively. In the same period, China's import and export to countries along the "the Belt and Road" and RCEP trading partners increased by 16.7% and 6.9% respectively.
Third, the import and export resilience of foreign trade business entities is sufficient. In the first quarter, China had 432000 foreign trade enterprises with import and export performance, a year-on-year increase of 5.7%. Among them, the import and export of private enterprises was 4.52 trillion yuan, an increase of 14.1%, accounting for 48%, an increase of 1.4 percentage points year-on-year. Over the same period, the import and export of foreign-invested enterprises reached 3.38 trillion yuan, an increase of 5.8%; The import and export of state-owned enterprises reached 1.5 trillion yuan, an increase of 14.5%.
Fourth, the export of major categories of products maintained a good trend. In the first quarter, China exported 3.05 trillion yuan of mechanical and electrical products, an increase of 9.8%, accounting for 58.4% of the total export value. Among them, the exports of solar cells, lithium batteries and automobiles increased by 100.8%, 53.7% and 83.4% respectively. Over the same period, the export of labor-intensive products reached 900.05 billion yuan, an increase of 10.9%, of which the export of luggage, shoes and toys increased by 24%, 20.4% and 16.9% respectively.
Fifth, the import of mechanical and electrical products is stable. In the first quarter, China imported 1.71 trillion yuan of mechanical and electrical products, an increase of 2.7%, accounting for 40.8% of the total import value. Among them, the import of integrated circuits, automatic data processing equipment and its parts and components, and electric manned vehicles increased by 12.4%, 14.9% and 15.7% respectively. Over the same period, China imported 336.25 billion yuan of agricultural products, an increase of 4.1%.
On the whole, China's foreign trade achieved a stable start in the first quarter of this year, laying a good foundation for achieving the annual goal. But at the same time, we should also see that some unexpected factors in the current international and domestic environment exceed expectations, the external environment of foreign trade is more severe and complex, and development faces many risks and challenges. Superimposed on the factors with a higher foreign trade base last year, greater efforts are needed to achieve the goal of stabilizing foreign trade. While facing up to these difficulties and challenges, we should also see that China's economy is strong in toughness, the fundamentals of long-term improvement will not change, and China's foreign trade is still expected to maintain stable development.
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