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China's foreign trade import and export scale is expected to keep growing
Time of publication:2021-04-30     Reading times:     Font size:【Large Medium Small

"I believe that the recovery of the world economy is expected to drive trade growth, and the steady growth of the domestic economy has also provided strong support for the development of foreign trade.". On January 14, the State Information Office held a press conference on the import and export situation in 2020. Li Kuiwen, spokesman of the General Administration of customs and director of the Department of statistics and analysis, said at the press conference that the scale of China's foreign trade import and export is expected to maintain growth in 2021, and the high-quality development of foreign trade is expected to achieve new results.

Li Kuiwen also pointed out that China's foreign trade development is still facing difficulties and challenges due to the changes in the epidemic situation and many uncertainties in the external environment.

Li Kuiwen, spokesman of the General Administration of customs and director of the Department of statistics and analysis

According to customs statistics, in 2020, China's total import and export value of goods trade will be 32.16 trillion yuan, an increase of 1.9% over 2019. Among them, exports reached 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%.

Li Kuiwen said that in novel coronavirus pneumonia situation, the import and export of China is much better than expected. China has become the only major economy in the world that achieves positive growth in trade in goods. This fully reflects the strong resilience and comprehensive competitiveness of China's foreign trade. It can be said that both stable growth and quality improvement have been achieved.

He pointed out that "stable growth" is mainly reflected in three aspects: first, the scale of import and export and the international market share have reached a new record. In 2020, China's foreign trade has experienced a sharp shock in the first quarter and then quickly stabilized. The scale of import and export has risen quarter by quarter. The annual total value of import and export is more than 32 trillion yuan, a record high. This is achieved in the context of a sharp decline in Global trade. The growth of foreign trade against the trend has pushed China's international market share to a record high. According to the monthly trade data of major economies released by WTO, in the first 10 months of 2020, China's international market shares of import and export, export and import have reached 12.8%, 14.2% and 11.5% respectively, which are 0.8%, 0.4 and 0.7 percentage points higher than the historical peak respectively. China's position as the largest country in goods trade is more consolidated.

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