Foreign trade is picking up! Exports are growing for 3 consecutive months

On the morning of July 14, the State Council Information Office held a press conference, and Li Kuiwen, spokesperson of the General Administration of Customs and director of the Statistics and Analysis Department, introduced the import and export situation in the first half of 2020.

First, let's look at the overall data for the first half of the year:

According to customs statistics, the total value of my country’s imports and exports of goods in the first half of the year was 14.24 trillion yuan, down 3.2% year-on-year. Among them, exports fell by 3% and imports fell by 3.3%.

This is also expected. Global trade has been hit hard due to the impact of the new crown epidemic. At this time, exports have increased substantially, which is not realistic.

But beyond expectation, since April, monthly exports have achieved positive growth for three consecutive months!

In April, in RMB, exports increased by 8.2% year-on-year;
In May, exports increased by 1.4%;
In June, exports increased by 4.3%.

In the second quarter, the export value reached 4.38 trillion yuan, a year-on-year increase of 4.5%, and exports of anti-epidemic materials and other materials grew rapidly.


product

The main drivers of exports are the "house economy" and anti-epidemic materials.

In the first half of the year, textile exports including masks increased by 32.4% year-on-year,
The export of medical materials and medicines increased by 23.6%,
The export of medical instruments and devices increased by 46.4%,
This growth rate has increased more than the previous five months.

The increase in "house economy" consumption has driven notebook computer exports to grow by 9.1%,
Mobile phone exports increased by 0.2%.

In addition, the export of plastic products increased by 7.2%,
Export of household appliances increased by 4.2%,
The export of general machinery and equipment increased by 4.5%.

Among the products hit hard by exports,
The export of shoes and boots decreased by 28% year-on-year,
Luggage exports fell by 27.8%,
Apparel and clothing accessories fell by 16.7%,
Auto parts and accessories fell 16.3%,
The LCD panel dropped by 16.9%,
Toys fell by 9.1%,
Furniture fell by 8.6%.

During the same period, my country's exports of mechanical and electrical products were 4.52 trillion yuan, down 2.3%, accounting for 58.6% of the total export value;
The export of seven major categories of labor-intensive products such as textiles and apparel was 1.5 trillion yuan, down 1.4%, accounting for 19.4%.


market

In terms of trading partners, the most eye-catching performance is ASEAN, benefiting from the relatively good overall epidemic prevention and control situation in the region, and the recent deepening of economic and trade cooperation with China, the closer integration of the industrial chain, the steady growth of bilateral trade, the first half of this year The import and export value of China and ASEAN reached 2.09 trillion yuan, accounting for 14.7% of China's total foreign trade value, an increase of 1.2 percentage points over the same period last year.

In the first half of the year, ASEAN has replaced the EU as my country's largest trading partner.

Specifically:

In the first half of the year, China's exports to ASEAN increased by 3.4% year-on-year, of which exports to Thailand increased the most, reaching 12.6%, exports to Vietnam increased by 10.2%, and exports to Singapore increased by 9.7%; while exports to Indonesia and the Philippines decreased by 8.4% year-on-year, 7.8%.

In the first half of the year, my country's exports to the EU increased by 1.8% year-on-year, of which exports to France had the highest growth rate, reaching 6.7%.

My exports to the US decreased by 8.1% year-on-year.

It is also worth noting that

In the first half of the year, my exports to Hong Kong, China decreased by 9.1% year-on-year, and exports to Taiwan increased by 11.5%;
Exports to India plunged 23%, exports to South Africa fell 17.4%, and exports to Australia increased 6.7%.


Foreign traders, hold on!

Although the epidemic broke out in Beijing's new place, it was quickly brought under control. China's control of the epidemic and the speed of economic recovery are better than other countries in the world. From the current perspective, the market has formed a consensus on the economic V-shaped reversal.

Taking the "China-Europe Train" as an example, the number of banks opened in the first half of this year has increased significantly, with a total of 5,122 trains, an increase of 36% year-on-year. In June alone, the "China-Europe Train" opened 1,169 trains, a record high. In the first half of the year, it supervised the import and export of China-Europe trains by 5.105 million tons, up 30.9% year-on-year.

At the same time, exports from countries such as Southeast Asia, India, and Mexico that have trade competition with China have experienced a sharp decline in exports from April to May. Among them, the year-on-year decline of Mexico’s exports in May expanded by 16 percentage points from April to 56.7%, while the year-on-year declines of exports of the Philippines and India in April reached 50.8% and 60.3%, respectively.

China's stable economy and society, coupled with a complete industrial system and infrastructure, have enabled the "Made in China" era to remain highly competitive in the post-epidemic era.