Home> Industry Information> The total import and export volume of goods in July increased by 16.6% year-on-year, and the trade structure continued to improve

The total import and export volume of goods in July increased by 16.6% year-on-year, and the trade structure continued to improve

August 22, 2022

According to data released by the National Bureau of Statistics, in July, the total import and export of goods was 3,806.4 billion yuan, a year-on-year increase of 16.6%, 2.3 percentage points faster than the previous month. Among them, exports were 2,244.6 billion yuan, an increase of 23.9%; imports were 1,561.9 billion yuan, an increase of 7.4%. Imports and exports were balanced, with a trade surplus of 682.7 billion yuan. Despite the complex and severe international economic environment, my country's foreign trade is characterized by strong resilience, and the import and export of goods has maintained rapid growth.
Fu Linghui, spokesman of the National Bureau of Statistics and director of the National Economic Comprehensive Statistics Department, said: "From January to July, the total import and export of goods increased by 10.4% year-on-year. This is due to my country's strong production and supply capacity and strong product competitiveness. There is also the influence of the cost advantage of my country's export products under the background of increasing global inflation pressure. It is also necessary to see that my country actively expands its opening up, promotes the joint construction of the 'Belt and Road', accelerates the construction of free trade zones, and develops new formats and models of foreign trade. , inject new vitality into the development of foreign trade."
Liu Ying, a committee member and director of the Cooperative Research Department of the Chongyang Institute for Financial Studies at Renmin University of China, said that from January to July, my country's foreign trade data not only met expectations, but may have exceeded most people's expectations, "especially the 7.4% increase in imports. , I think this is a very important performance of domestic demand. Moreover, the trade surplus was 682.7 billion yuan, an increase of 90.9% year-on-year, which also shows that the Chinese economy is facing the current global situation of high inflation, low growth, and high debt. The Chinese economy remains the stabilizer, engine and source of growth for the global economy."
Specifically, from January to July, my country's general trade import and export accounted for 64.3% of the total import and export, an increase of 2.3 percentage points over the same period of the previous year. The import and export of private enterprises accounted for 50% of the total import and export, an increase of 2.1 percentage points over the same period of the previous year. The export of mechanical and electrical products increased by 10.1% year-on-year, accounting for 56.6% of the total export value. This reflects the trend of my country's trade development?
Liu Ying said: "Our trade structure is further optimized, especially the proportion of private enterprises accounting for 50%, which shows that the vitality of the market is further enhanced. Specifically, in fact, the trade structure here, the proportion of general trade import and export growth is also It is improving. From the perspective of the first seven months, the import and export of general trade has increased by almost 14.5%, accounting for 64.3% of our country's total foreign trade value, which is actually an increase of 2.3 percentage points over the same period of the previous year. Trade imports and exports increased by 3.9%, accounting for 20.2%, which is actually a decline of 1.3 percentage points. This increase and decrease shows that our trade structure has been further optimized."
It is worth noting that from January to July, my country's total imports and exports to countries along the "Belt and Road" increased by 19.8% year-on-year, higher than the growth rate of all imports and exports. Liu Ying said that since the "One Belt, One Road" initiative was proposed nine years ago, my country's foreign trade has achieved very significant results, "With the connectivity of the "One Belt, One Road" infrastructure, our trade can be further smoothed, that is, in the early stage of our infrastructure connectivity Basically, the focus of cooperation is unimpeded trade. Our unimpeded trade has achieved remarkable results. From the fact that the growth rate of the total import and export along the 'Belt and Road' is significantly higher than the growth rate of all imports and exports, this can be seen come out."

The above is the The total import and export volume of goods in July increased by 16.6% year-on-year, and the trade structure continued to improve we have listed for you. You can submit the following form to obtain more industry information we provide for you.

You can visit our website or contact us, and we will provide the latest consultation and solutions

Share to:

Send Inquiry

Home> Industry Information> The total import and export volume of goods in July increased by 16.6% year-on-year, and the trade structure continued to improve

Copyright © 2023 Hubei Foreign Trade Integrated Service Platform All rights reserved. Privacy Policy

We will contact you immediately

Fill in more information so that we can get in touch with you faster

Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.

Send

Thank you for submitting.

We will contact you immediately!