The General Administration Of Customs And Trade Is Welcoming The Growth Of Goods In June

Exports grew by 4.3% and imports by 6.2% The General Administration of Customs released data on the 14th that China's exports and imports of goods enjoyed positive growth year-on-year for the first time in June this year, with a better than expected rebound.

Data show that after the first quarter shock, China's import and export stabilized in the second quarter. From the monthly point of view, China's export has achieved positive growth for three consecutive months since April, and the import and export in June increased by 5.1% year-on-year. In terms of the quarter, China's foreign trade import and export reached 7.67 trillion yuan in the second quarter, a year-on-year decrease of 0.2%, and a sharp narrowing of the decline rate of 6.4% in the first quarter.

In the first half of the year, the total value of China's foreign trade import and export was 14.24 trillion yuan, a year-on-year decrease of 3.2% and a decrease of 1.7 percentage points compared with the previous five months. Among them, exports were 7.71 trillion yuan, down 3%; imports were 6.53 trillion yuan, down 3.3%.

Against the trend, the import and export of private enterprises showed a trend of growth. In the first half of the year, the import and export of private enterprises, the largest business entity of foreign trade, reached 6.42 trillion yuan, an increase of 4.9%, accounting for 45.1% of China's total foreign trade value, an increase of 3.5 percentage points over the same period last year. Among them, exports were 4.14 trillion yuan, an increase of 3.2%; imports were 2.28 trillion yuan, an increase of 8.1%.

ASEAN will continue to maintain the status of China's largest trading partner. In the first half of the year, China's import and export to ASEAN reached 2.09 trillion yuan, an increase of 5.6%, accounting for 14.7% of China's total foreign trade. In the same period, China's import and export to the EU decreased by 1.6 trillion yuan, 1.6 trillion yuan. In addition, China's import and export to countries along the "belt and road" totaled 4.2 trillion yuan, a slight drop of 0.9%.

Customs data show that China's exports of epidemic prevention materials and "housing economy" products are growing rapidly. In the first half of the year, the export of textiles including masks increased by 32.4%, the export of medical materials and medicines, medical instruments and devices increased by 23.6% and 46.4% respectively. The increase of consumption of "housing economy" led to the growth of notebook computer and mobile phone export by 9.1% and 0.2% respectively. Over the same period, China's export of mechanical and electrical products reached 4.52 trillion yuan, down 2.3%, accounting for 58.6% of the total export value. The export of seven categories of labor-intensive products, such as textiles and clothing, was 1.5 trillion yuan, down 1.4%, accounting for 19.4%.

Li Kuiwen, a spokesman for the General Administration of customs, said that the world under the impact of the epidemic is undergoing profound changes. The world economy is in deep recession, and international trade and investment are shrinking sharply. China's foreign trade development environment is grim and complex. The customs will do its best to stabilize the foreign trade situation and promote the steady growth of foreign trade.