The scale of foreign trade hit a record high
On January 14, data released by the General Administration of Customs showed that foreign trade imports and exports in 2020 were significantly better than expected, and the scale of foreign trade hit a record high.
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%.
China has become the only major economy in the world with positive growth in trade in goods
According to the General Administration of Customs, my country's foreign trade imports and exports have achieved positive growth for seven consecutive months starting from June 2020. The total value of imports and exports and exports have both hit record highs throughout the year, making it the only major economy in the world that has achieved positive growth in trade in goods.
In 2020, the world economic growth and global trade will be severely impacted, and the external environment for my country's foreign trade development is complex and severe. Under such difficult circumstances, it is not easy to achieve positive growth and reach new highs.
International market share hit a record high
Statistics show that the contrarian growth of foreign trade has promoted my country's international market share and hit a record high, and my country's status as the largest country in goods trade has been consolidated.
According to the calculation of the monthly trade data of major economies published by the WTO, in the first 10 months of 2020, my country's international market share of imports and exports, exports, and imports reached 12.8%, 14.2% and 11.5%, respectively, which were significantly higher than the historical highs. Increased by 0.8, 0.4 and 0.7 percentage points.
Why is China's foreign trade so good?
Global trade has shrunk sharply, but China's foreign trade can grow against the trend, with full firepower. What does it rely on?In fact, it is not difficult to understand. After all, China has taken the lead in controlling the epidemic in the world, and others have stopped work and production. China has taken the lead in resuming work and production, and the production side has taken the lead to recover, effectively making up for the global supply gap caused by the impact of the epidemic.Lian Ping, chairman of the China Chief Economist Forum, analyzed that my country's export performance in 2020 has exceeded expectations. Since June 2020, my country's exports have experienced large-scale growth due to the rebound in overseas demand, continuous orders for epidemic prevention materials, and the supply substitution effect caused by the epidemic.
Anti-epidemic materials and "home economy" products have promoted rapid export growth.Li Kuiwen, a spokesperson for the General Administration of Customs and Director of the Statistical Analysis Department, analyzed that my country’s epidemic prevention and control is effective and has steadily promoted the resumption of work and production. In April last year, exports achieved a “stopped decline and rebounded” and maintained a growth trend for 9 consecutive months.The global demand for anti-epidemic materials and "home economy" products has greatly increased. my country's exports of textiles, medical equipment, and medicines, including masks, have increased by 31% in total, driving an overall export growth of 1.9%. my country’s exports of notebook computers, tablet computers, and household appliances increased by 22.1% in total, driving a 1.3% increase in overall exports.
From March 2020 to the end of last year, customs across the country inspected and released major epidemic prevention and control materials worth 438.5 billion yuan, of which 224.2 billion masks were exported, worth 340 billion yuan, which is equivalent to providing nearly 40 billion yuan for everyone in the world outside of China Masks.
"These export commodities not only guarantee the global need for epidemic prevention materials, but also meet the home work and consumption needs of the people of the world during the epidemic." Li Kuiwen said.
The domestic super-large-scale market provides strong support for the expansion of imports.
Under the influence of the epidemic, my country's ultra-large-scale market has more obvious advantages, and import demand is stable. In 2020, my country's imports of resource-based products such as crude oil and metal ore increased by 7.3% and 7%, respectively, and imports of agricultural products such as grain and meat increased by 28% and 60.4% respectively.
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