In the first three quarters, imports and exports increased by 2.8% year-on-year

According to the latest data released by the General Administration of Customs, the total value of China's foreign trade imports and exports in the first three quarters of this year was 22.91 trillion yuan, an increase of 2.8% over the same period last year. Among them, export was 12.48 trillion yuan, an increase of 5.2%; import was 10.43 trillion yuan, a decrease of 0.1%; trade surplus was 2.05 trillion yuan, further expanding.

"Since this year, world economic growth has slowed down and trade protectionism has continued to heat up, but my foreign trade has maintained a strong resilience. The overall stability of the domestic economy, the sustained release of policy effects and the obvious effect of market diversification have all supported the smooth operation of our foreign trade." Li Kuiwen, spokesman of the General Administration of Customs and Director of Statistics and Analysis Department, said.

data show that in the first three quarters, China's growth in imports and exports along the "belt and road" countries grew by 9.5%, higher than the overall growth rate of foreign trade by 6.7 percentage points, and the volume of trade between China and Africa increased by 7.5% over the same period last year, which is 4.7 percentage points higher than the overall growth rate of foreign trade. Li Quiwen said that the growth of the above-mentioned market has strongly supported the overall growth of our foreign trade. In terms of foreign trade policy,

, since last year, China has twice raised the export rebate rate of some products and twice lowered the value-added tax rate of import links. The number of foreign trade enterprises in China has not decreased but increased. The number of enterprises with import and export records reached 464,000 in the first three quarters, an increase of 5.9% over the same period last year. The continuous optimization of import and export commodity structure is also one of the manifestations of China's foreign trade resilience. In the first three quarters, China's import and export of some advanced technology products maintained rapid growth. For example, the imports of turbojet engine and parts of automatic data processing equipment increased by 23.2% and 14.6% respectively. The export value of solar energy (3.230, 0.00, 0.00%) and metal processing machine tools increased by 55.6% and 17.5% respectively. In addition, the effect of accelerating the brand building of export products is obvious, and the export of self-owned brand goods increased by 12.9% in the first three quarters. However, according to September data alone, the growth rate of foreign trade has turned negative and imports have fallen even more. In September, China's total import and export value was 2.78 trillion yuan, down 3.3%. Among them, exports dropped 0.7% to 1.53 trillion yuan, while imports dropped 6.2% to 1.25 trillion yuan. According to the analysis of the macro team of CSCI, the base effect has a significant drag on the year-on-year growth of exports in September this year, and the decline of the year-on-year base in October may play a role in pulling up the export growth.

"The current economic prosperity of the United States and Europe has further declined. The PMI index of manufacturing industry in the euro area has been below the boom and bust line for eight consecutive months, while that of manufacturing industry in China has been below the boom and bust line for five consecutive months. The continued weakness of domestic and foreign demand is also an important reason for the expansion of import and export declines." Liu Jian, research commissioner of Bank of Communications Finance Research Center, said in an interview with the Shanghai Stock Exchange News.

but he believes that China's foreign trade development in the future should not be overly pessimistic. First, the competitiveness of Chinese products is stronger and has the ability of rapid turning. Two, the market diversification effect is obvious, and the exports to the countries and regions along the European Union, ASEAN and the "along the way" will maintain steady growth; three, the stable foreign trade policy effect will continue to release, which will help stabilize market expectations.

Li Kuiwen also said that the external environment facing China's foreign trade development in the future is still complex and severe, and the uncertainties of instability are increasing. However, China's foreign trade development is resilient, the general trend of optimizing foreign trade structure and accelerating power transformation has not changed, and foreign trade will continue to maintain an overall stable and qualitative development trend throughout the year.