Foreign trade exports from January to July

Foreign trade exports from January to July

Since the beginning of this year, it has been difficult for China's foreign trade imports and exports to "stand alone" in the overall trend of slowing international demand.

In the first seven months of this year, China's total import and export value of goods trade was 23.55 trillion yuan, a year-on-year increase of 0.4%. Among them, exports amounted to 13.47 trillion yuan and imports amounted to 10.08 trillion yuan, with a year-on-year increase of 1.5% and a decrease of 1.1%, respectively.

However, although the outlook of major global economies continues to decline, external demand is sluggish, and China's overall foreign trade data is cooling, there are still many highlights in the foreign trade performance of various provinces. Guangdong, Jiangsu, Zhejiang, Shanghai, Beijing, Shandong, and Fujian provinces have a total foreign trade import and export volume of over trillion yuan from January to July this year.

Major foreign trade provinces have stabilized their export scale and continuously optimized their export product structure. According to data from Guangdong, the largest province in foreign trade, from January to July this year, Guangdong's foreign trade imports and exports amounted to 4.55 trillion yuan, a year-on-year decrease of 1.1%. Among them, exports reached a record high of 3 trillion yuan, an increase of 3.1%.

In the coming months, the economic situation at home and abroad remains uncertain. To tap into the potential of imports, we not only need to look at quantity, but also pay attention to quality, and adjust the import structure. "If the prices of bulk commodities drop to a reasonable range, it can drive related imports and is expected to reduce costs in all aspects of production. We should seize this favorable factor.

Large foreign trade provinces are more susceptible to external environmental changes due to their deep connections with the world market and industrial chain. Some latecomer advantage provinces are more closely bound to regional markets and are susceptible to climate change in regional markets. Once infrastructure and foreign trade policies are significantly improved, the import and export growth of these latecomer advantage provinces is significant.