Home> Industry Information> Major foreign trade provinces withstand pressure to "expand volume", and my country's foreign trade growth is resilient in the second half of the year

Major foreign trade provinces withstand pressure to "expand volume", and my country's foreign trade growth is resilient in the second half of the year

September 22, 2022

The executive meeting of the State Council held a few days ago made it clear that it is necessary to strengthen the stabilization of foreign trade and foreign investment, and to consolidate the responsibility of foreign trade and foreign investment provinces. Recently, the import and export performance of Zhejiang, Shandong, Fujian, Guangdong and other major foreign trade provinces has been remarkable. In the face of future challenges, various regions have introduced a series of foreign trade stabilization policies. Expert analysis said that my country's foreign trade growth is expected to remain resilient in the second half of the year.

The "transcript" of the foreign trade province is remarkable

The foreign trade data from January to August this year has been released recently, and Zhejiang, Shandong, Fujian and other provinces have handed over remarkable "transcripts".

From January to August, the total import and export value of Zhejiang reached 3.12 trillion yuan, an increase of 18.8% year-on-year, making it the province with the fastest growth rate among the major foreign trade provinces and cities in the eastern coastal areas, contributing 19.7% and 21.2% to the national import and export growth, respectively. %, ranking first in the country.

Shandong has become a "dark horse in foreign trade". From January to August this year, Shandong achieved a total import and export value of 2.18 trillion yuan, a year-on-year increase of 18.2%, 8.1 percentage points higher than the overall growth rate of national foreign trade. Among them, the export was 1.32 trillion yuan, a year-on-year increase of 25.3%, and the growth rate ranked first in the country.

In addition, from January to August, the total import and export value of Beijing was 2.32 trillion yuan, an increase of 18.3% year-on-year; the total import and export value of Fujian was 1.32 trillion yuan, a year-on-year increase of 10.6%; the total import and export value of Guangdong was 5.27 trillion yuan, a year-on-year increase of 0.6% . The three provinces and one city in the Yangtze River Delta have overcome the adverse impact of the epidemic, and the growth rate of imports and exports from January to August is 1.5 percentage points higher than the national overall growth rate, providing strong momentum for stabilizing the foreign trade market.

The policy of stabilizing foreign trade continues to increase

With great power comes great responsibility. Although they handed over a dazzling "transcript", under the background of the continuous evolution of the global epidemic and the increasing uncertainty of the world economic recovery, it has become more difficult for foreign trade companies to obtain orders, and the above-mentioned major foreign trade provinces have also been named to carry the growth of foreign trade. Responsibility.

Many provinces and cities have recently increased their policies to stabilize foreign trade. Among them, the Shenzhen Banking and Insurance Regulatory Bureau jointly issued the "Implementation Opinions on Shenzhen Banking and Insurance Industry Supporting Foreign Trade to Ensure Stability and Quality", and to help foreign trade enterprises to tide over difficulties by increasing financial support in the field of foreign trade. Support the export of key industries, including "specialized, special and new" and "20+8" industrial clusters, advanced manufacturing, emerging industries, etc.

The General Office of the Guangdong Provincial Government issued the "Several Measures to Further Promote the Steady Growth of the Industrial Economy" in early September, proposing that all localities should be encouraged to increase their support for cross-border economic and trade activities such as overseas exhibitions, overseas marketing, purchasing in Guangdong, seeking return of orders, and overseas investment. .

"Guangdong has always been my country's leading foreign trade province, with comparative advantages in products, finance, logistics, etc. Under the escort of measures to stabilize foreign trade, Guangdong's foreign trade has the potential for medium and long-term growth." Zhu Keli, chief researcher of Chang and New Economy Think Tank, said.

Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce Research Institute, believes that my country's major foreign trade provinces are mainly distributed in the Yangtze River Delta, Pearl River Delta and other regions, and should strengthen coordinated development. Even if individual regions are affected by the epidemic, they can strengthen linkages to ensure foreign trade. Orders are transferred between major foreign trade provinces to prevent order outflow.

Accelerate the cultivation of new formats and new models of foreign trade

The reporter learned from the Ministry of Commerce that in the face of the pressure of slowing external demand, relevant departments will take various measures to stabilize foreign trade. Such as accelerating the development of new business forms and new models such as cross-border e-commerce and market procurement trade methods; actively supporting the export of key products such as new energy vehicles; providing more convenience for enterprises to participate in exhibitions and negotiations;

The peak season for foreign trade in my country is generally from October to December. "Although the overall global demand is not strong at present, Europe and the United States are about to usher in the traditional Christmas consumption season. If we can be more proactive, encourage enterprises to go out and participate in exhibitions and develop new formats such as cross-border e-commerce, my country's foreign trade can be realized this year. Double-digit growth," said Wei Jianguo, vice chairman of the China Center for International Economic Exchanges.

Ministry of Commerce spokesperson Shu Jueting said at a recent regular press conference that in the next step, the Ministry of Commerce will continue to implement market diversification actions in depth, give full play to the role of mechanisms and platforms such as the Working Group on Unimpeded Trade, and make good use of the negotiated and signed contracts. Free trade agreement, continue to give full play to the role of major exhibition platforms such as the Canton Fair, the China International Import Expo, the Service Trade Fair, the CIFIT, and the Consumer Expo, and guide enterprises to consolidate traditional markets and explore emerging markets.

The recently held 2022 National Foreign Trade Work TV and Telephone Conference also requires that, in accordance with the general idea of "increasing volume, preventing reduction, and strengthening security", foreign trade enterprises should be supported to ensure production and contract performance, smooth channels for foreign trade enterprises to seize orders, and cultivate new formats of foreign trade. New models and new growth points.

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