Net exports in the first half boosted GDP growth by 1.3 percentage points

According to the data of the National Bureau of Statistics, net exports of goods and services contributed 20.7% to GDP growth in the first half of the year, which was higher than 1.5 percentage points of investment, the head of the Foreign Trade Department of the Ministry of Commerce said Tuesday. According to this calculation, net exports stimulate GDP growth by 1.3 percentage points.

The person in charge pointed out that in the first half of this year, imports and exports maintained a steady and qualitative development trend, and their contribution to the national economy increased. According to customs statistics, imports and exports increased by 3.9%, exports by 6.1% and imports by 1.4% year-on-year (the same below). According to the data of the National Bureau of Statistics, the contribution rate of net exports of goods and services to GDP growth in the first half of the year was 20.7%, which was higher than 1.5 percentage points of investment. According to this calculation, net exports stimulate GDP growth by 1.3 percentage points. In addition, positive progress has been made in the "five optimizations" of international market layout, domestic regional layout, business entities, commodity structure and trade patterns. From January to June, the proportion of exports to emerging and other markets outside the United States, the European Union, Japan and Hong Kong increased by 1.4 percentage points to 48.7%; the proportion of exports to the central and western regions increased by 1.1 percentage points to 17.5%; the proportion of exports of private enterprises increased by 3.2 percentage points to 50.7%; the proportion of exports of mechanical and electrical products increased by 58.3%; and the proportion of general trade exports increased by 1.7%. A percentage point to 58.7%.