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The growth rate of total import and export value of goods in October turned positive Comefrom:Xinhua News Agency    AddDate:2023-11-08    Hit:143

Lv Daliang, Director of the Statistics and Analysis Department of the General Administration of Customs, stated that currently, positive factors in China's foreign trade sector have accumulated and increased, driving the year-on-year growth of imports and exports in October. According to the China Customs Trade Prosperity Statistics Survey, the proportion of enterprises expressing optimism about future imports and exports has increased, and the positive development trend of China's foreign trade has further emerged.

Specifically, in the first 10 months, China's foreign trade exports amounted to 19.55 trillion yuan, a year-on-year increase of 0.4%, with nearly 60% of mechanical and electrical products exported; With the boost in demand, China's foreign trade imports reached 14.77 trillion yuan during the same period, with a decrease narrowing to 0.5%. Due to the continued increase in the import volume of major energy and mineral products, as well as the significant growth rate of some agricultural and consumer goods imports, the import in October increased by 6.4% year-on-year, which is 7.3 percentage points faster than September.

As the main mode of import and export trade, in the first 10 months, China's general trade import and export growth and proportion increased: import and export reached 22.26 trillion yuan, a year-on-year increase of 1.8%, accounting for 64.9% of China's total foreign trade value, an increase of 1.1 percentage points compared to the same period last year.

In terms of trade entities, the import and export of private enterprises are significantly better than the overall situation. In the first 10 months, there were 526000 private enterprises with import and export performance in China, an increase of 8.7% year-on-year; Import and export reached 18.24 trillion yuan, an increase of 6.2%, accounting for 53.1% of China's imports and exports, and continuing to maintain China's position as the largest business entity in foreign trade.

At the same time, the trend of diversification in China's trade market is becoming increasingly evident. In the first 10 months, China's import and export to countries jointly building the "the Belt and Road" totaled 15.96 trillion yuan, up 3.2% year on year, accounting for 46.5% of China's foreign trade. Among them, imports and exports to ASEAN, the largest trading partner, increased by 0.9%, imports and exports to Central and Eastern European countries increased by 2.7%, and imports and exports to the five Central Asian countries increased by 34.8%. (End)