Ministry Of Commerce: China'S Foreign Trade Operation In The First Half Of 2020

Since this year, in the face of severe challenges brought by the epidemic situation to foreign trade development, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, the Ministry of Commerce resolutely implements the decisions and arrangements of the Party Central Committee and the State Council, and jointly with various departments, promotes the introduction of a series of policies and measures to stabilize foreign trade in a timely manner and pays close attention to the implementation of the measures Export tax rebate To support the development of foreign trade, such as increasing foreign trade credit investment, increasing export credit insurance support, and establishing cross-border e-commerce comprehensive test zone, etc., to effectively relieve the difficulties of enterprises and fully stimulate the vitality of market entities. The vast number of foreign trade enterprises to meet the difficulties, innovative development. Through joint efforts, China's foreign trade has stabilized. Exports have been growing for three consecutive months since April, while imports have increased in June. In the first half of the year, China's total import and export volume reached 14.24 trillion yuan, down 3.2%. Among them, exports were 7.71 trillion yuan, down 3%, while imports were 6.53 trillion yuan, down 3.3%. In the first half of the year, the operation of foreign trade showed the following characteristics:

First, the layout of the international market will be more optimized. Imports and exports to emerging markets fell by 2.4%, a better decline than the overall 0.8 percentage point. China's import and export to ASEAN increased by 5.6%, becoming China's largest trading partner.

Second, the domestic regional layout is more balanced. The export of central and western regions increased by 1.6%, 4.6 percentage points higher than that of the whole. Jiangxi, Sichuan, Guizhou and other provinces actively undertake industrial transfer and deeply explore overseas markets, achieving double-digit export growth.

Third, the vitality of private enterprises continued to increase. 2.6% higher than that of private enterprises in the transformation and upgrading, and give full play to the overall advantages of 2.6% in the transformation and upgrading of private enterprises. The export of state-owned enterprises and foreign-funded enterprises decreased by 9.8% and 9.1% respectively.

Fourth, the export commodity structure continued to upgrade. The export of mechanical and electrical products decreased by 2.3%, which was better than 0.7% as a whole. Among them, high-quality, high-tech and high-value-added products such as integrated circuits, medical devices, notebook computers, instruments and meters have achieved rapid growth, and the export growth of new energy vehicles has more than doubled.

Fifth, trade shows strong resilience. China's domestic industry continues to transform and upgrade, and foreign trade enterprises accelerate brand building. General trade exports fell by 2%, better than the overall decline of 1 percentage point.

Sixth, cross border e-commerce and other new formats have developed rapidly. Cross border e-commerce enterprises gave full play to the unique advantages of non-contact, short transaction chain and overseas warehouse, and supported the transformation and upgrading of traditional industries and the online access to the Internet. The retail export of cross-border e-commerce increased by 28.7%. The policy environment for market procurement and trade continued to improve, the vitality of market entities was constantly stimulated, and the export growth was 33.4%.

Seventh, the import volume of major commodities increased and the prices fell. The situation of epidemic prevention and control in China continued to improve, the economic operation recovered steadily, and the industrial production recovered rapidly, which led to the increase of import demand for bulk products. The import volume of coal, crude oil, natural gas and copper ore increased by 12.7%, 9.9%, 3.3% and 3% respectively. Affected by the weak demand in the international market, the prices of bulk commodities generally fell, with the import prices of the above products falling by 6.3%, 27.8%, 15.6% and 3.5% respectively.

At present, the epidemic is still prevalent in the world, some countries and regions have rebounded, new cases have reached new highs repeatedly, the world economy is in severe recession, international demand has shrunk significantly, and trade barriers have increased significantly. The situation facing China's foreign trade development is still grim and complex. According to our recent research, foreign trade enterprises are still faced with many difficulties, such as insufficient orders, poor logistics, unstable industrial chain and supply chain.

In the next step, we will focus on "six stabilities" and "six guarantees" in accordance with the decisions and arrangements of the Party Central Committee and the State Council, continue to pay close attention to the implementation of various policies, accelerate the introduction of a new round of policies and measures to stabilize foreign trade, cultivate new trade patterns and new models, support the conversion of export products to domestic sales, improve the level of trade facilitation, actively expand imports, and successfully run the third China International Import Expo, We will spare no effort to promote the stability and quality of foreign trade.