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Home > News > Valuable News > Last year, the total value of foreign trade import and export exceeded 31tn

Last year, the total value of foreign trade import and export exceeded 31tn

ECHEMI 2020-02-17

According to the data released by the General Administration of Customs on the 14th, in 2019, the total value of China's foreign trade import and export reached 31.54 trillion yuan, an increase of 3.4% year-on-year, including 17.23 trillion yuan for export, an increase of 5%, and 14.31 trillion yuan for import, an increase of 1.6%. In 2019, China's major trading partners changed, and ASEAN became the second largest trading partner. According to reports, under the background of significant increase in domestic and foreign risks and challenges, China's foreign trade import and export has achieved steady growth in volume and steady improvement in quality. In 2019, EU, ASEAN and the United States were the top three trading partners of China, with import and export increasing by 8%, 14.1% and decreasing by 10.7% respectively. At the same time, China's imports and exports with the "one belt and one way" countries increased by 9 trillion and 270 billion yuan, an increase of 10.8%, and the development of foreign trade was more diversified. In 2019, the import and export of China's private enterprises increased by 11.4% year-on-year, surpassing foreign-funded enterprises for the first time, becoming the largest foreign trade subject in China. Zou Zhiwu, deputy director general of the General Administration of customs, said that the stable performance of China's economy laid a solid foundation for the growth of foreign trade. At present, the trend of China's stable and long-term economic growth remains unchanged. It is expected that China's foreign trade will continue to maintain an overall stable growth trend in 2020, and high-quality development will take a new step.

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