The General Administration of Customs released data on the 8th. In the first two months of this year, the total value of China's trade in goods and exports was 4.54 trillion RMB, an increase of 0.7% over the same period last year. Analysts believe that the Spring Festival factor has caused the data to fluctuate in the first two months. In the medium and long term, China's foreign trade has not changed its momentum, and the high-quality development of foreign trade needs to be multi-pronged.
Data show that in the first two months of this year, exports were 2.42 trillion RMB, up 0.1%; imports were 2.12 trillion RMB, up 1.5%; trade surplus was 308.68 billion RMB, narrowing 8.7%. Looking at February alone, China’s total import and export value was 1.81 trillion RMB, down 9.4%. Among them, exports were 922.76 billion RMB, down 16.6%; imports were 888.3 billion RMB, down 0.3%; trade surplus was 34.46 billion RMB, narrowing 84%.
Although the growth rate of foreign trade is small, there is no shortage of highlights in the sub-items. From a geographical perspective, China's imports and exports to major markets such as the EU, ASEAN and Japan showed a growth trend in the first two months, and the growth rate of imports and exports along the “Belt and Road” countries was higher than the overall. In the first two months, China's total import and export of countries along the “Belt and Road” region was 1.28 trillion RMB, an increase of 2.4%, which was 1.7 percentage points higher than the national overall growth rate, accounting for 28.2% of China's total foreign trade.
In the same period, China's general trade import and export was 2.75 trillion RMB, an increase of 3.9%, accounting for 60.5% of China's total foreign trade, an increase of 1.9 percentage points over the same period last year.