In 2020, my country’s total import and export trade volume will exceed 32 trillion yuan, making it the only major economy in the world with positive growth in foreign trade.
In 2020, facing unprecedented difficulties and challenges, my country’s foreign trade import and export has handed in a brilliant report card.
According to data released by the General Administration of Customs on January 14, In 2020, my country’s total import and export trade reached 32.16 trillion yuan, a year-on-year increase of 1.9%, making it the only major economy in the world with positive growth in foreign trade.
Among them, exports were 17.93 trillion yuan, an increase of 4%; imports were 14.23 trillion yuan, a decrease of 0.7%; the trade surplus was 3.7 trillion yuan, an increase of 27.4%.
In 2020, my country’s foreign trade experienced a sharp turbulence in the first quarter and then quickly stabilized, and the scale of imports and exports climbed quarter by quarter. Since June 2020, my country’s foreign trade imports and exports have achieved positive growth for 7 consecutive months.The total value of imports and exports and exports for the whole year have both hit record highs, and the international market share has set a record high.
Li Kuiwen, a spokesperson for the General Administration of Customs and Director of the Statistical Analysis Department, introduced that the global demand for epidemic prevention materials and “home economy” products has greatly increased. The epidemic prevention materials and “home economy” products have promoted my country’s export Rapid growth.
In 2020, my country’s exports of textiles, medical equipment, and medicines, including masks, will increase by 31% in total, driving an overall export growth of 1.9%. my country’s exports of notebook computers, tablet computers, and household appliances increased by 22.1% in total, driving a 1.3% increase in overall exports.
In terms of imports, China’s domestic economic recovery has stimulated demand for imported products. Recovering infrastructure investment has stimulated demand for resources such as steel.
In 2020, my country’s imports of resource-based products such as crude oil and metal ore increased by 7.3% and 7% respectively, and imports of agricultural products such as grain and meat increased by 28% and 60.4% respectively.
Among them, China imported 162.74 billion yuan of agricultural products from the United States, an increase of 66.9%, of which imports of soybeans, pork, cotton, and crude oil increased by 56.3%, 223.8%, 121.7% and 88% respectively.
In terms of trading partners, In 2020, ASEAN will become China’s largest trading partner with an import and export volume of 4.74 trillion yuan for the first time; while the EU and the United States will receive 4.5 and 4.06 trillion yuan respectively. Ranked second and third.
Data for a single month in December shows that China’s coal imports have rebounded sharply during the July consecutive decline. In December 2020, China imported 39.075 million tons of coal and lignite, an increase of 234 from November.8%, a surge of 1621.37% year-on-year. Natural gas imports rose by 18.03% year-on-year, setting a record single-month import volume.
In the outlook for 2021, Li Kuiwen said that in 2021, with the acceleration of the construction of a new development pattern with the domestic cycle as the main body and the mutual promotion of the domestic and international double cycles, the high-level opening up continues to advance, new international cooperation and Competitive advantages continue to form, and my country’s foreign trade import and export scale is expected to continue to grow.