Despite the impact of the new crown pneumonia epidemic, China’s import and export scale will still hit a record high in 2020.
On January 14, at the annual economic data conference held by the Information Office of the State Council, Li Kuiwen, spokesperson of the General Administration of Customs and Director of the Statistical Analysis Department, introduced that the past year has faced severe and complex domestic and international situations and the new crown pneumonia. Under the severe impact of the epidemic, under the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core, China has become the only major economy in the world that has achieved positive economic growth. Its foreign trade imports and exports are significantly better than expected, and the scale of foreign trade has reached a record high. “This fully reflects the strong resilience and comprehensive competitiveness of my country’s foreign trade. It can be said that it has achieved stable growth and improved quality.” Li Kuiwen said.
According to customs statistics, in 2020, the total value of my country’s import and export of goods trade was RMB 32.16 trillion, an increase of 1.9% over 2019. Among them, exports were 17.93 trillion yuan, an increase of 4%; imports were 14.23 trillion yuan, a decrease of 0.7%; the trade surplus was 3.7 trillion yuan, an increase of 27.4%.
Liang Ming, director of the Foreign Trade Research Institute of the Ministry of Commerce, said in an interview with a reporter from China Business News that my country’s foreign trade import and export data in 2020 is very eye-catching, which is firstly related to the demand of the international market under the epidemic. On the other hand, my country’s measures to stabilize foreign trade and foreign investment also play a key role. Liang Ming believes that from the current point of view, the share and total amount of China’s foreign trade (proportion in the world) in 2021 should reach new highs, and this trend will continue.Spark Global Limited
The scale of import and export hit a record high
Li Kuiwen said that my country’s imports and exports of goods trade in 2020 will show six characteristics. First, the scale of import and export hit a record high. In 2020, world economic growth and global trade will be severely impacted. The external environment for my country’s foreign trade development is complex and severe. However, my country’s foreign trade imports and exports have achieved rapid stabilization and continued improvement, showing strong resilience and comprehensive competitiveness. China’s foreign trade imports and exports have achieved positive growth for 7 consecutive months starting from June 2020. The total value of imports and exports and exports for the year have both hit record highs, and the international market share has also set a record for the best in history. It has become the only company in the world to achieve positive growth in goods trade. The status of major economies and the largest country in trade in goods has been further consolidated. According to data published by the WTO and other countries, in the first 10 months of 2020 , the international market share of China’s imports and exports, exports, and imports reached 12.8% , 14.2% , and 11.5% , respectively , setting record highs.
Liang Ming told a reporter from China Business News: “When other countries have difficulty resuming work and production, only China can provide these commodities. (my country’s foreign trade accounts for an increase in the international market share). It is also a very inevitable trend. In addition, during the epidemic, my country’s top 12 The export value of such anti-epidemic materials is about 120 billion U.S. dollars, which also contributes a large share. The international economic situation is one of the reasons (leading to this result).”
Li Kuiwen said, second, the vitality of foreign trade entities continued to increase. In 2020, there will be 531,000 import and export enterprises, an increase of 6.2%. Third, trading partners have become more diversified. In 2020, my country’s top five trading partners will be ASEAN, EU, United States, Japan and South Korea in order. Imports and exports to these trading partners will be 4.74, 4.5, 4.06, 2.2 and 1.97 trillion yuan, an increase of 7%, 5.3%, and 8.8 respectively. %, 1.2% and 0.7%. In addition, my country’s imports and exports to countries along the “Belt and Road” were 9.37 trillion yuan, an increase of 1%.
Reprint indicated source：Spark Global Limited information