China's Export Share Of Global Trade Is Expected To Continue To Increase Slightly In The Whole Year.

The latest figures from the General Administration of Customs show that China's exports improved significantly in October, an increase of 5.6% over the same period last year, which changed the negative growth rate of 0.3% in September. This is in line with the previous forecast of the Ministry of Commerce about the slight increase in exports for the fourth quarter. In recent days, the market expects that China's annual import and export scale is expected to rank first in the world.

　　 Bilateral trade growth of major trading partners

In September this year, due to the instability of international market and other factors, China's foreign trade had a marked decline. Import and export grew by only 3.3%, and exports also showed a negative growth of 0.3%. The latest figures released by the General Administration of Customs show that foreign trade has improved significantly in recent years. In October, China's import and export value was 2 trillion and 90 billion yuan, an increase of 6.5% over the same period last year, of which exports increased by 5.6%, from negative to positive compared with last month, and the import growth rate reached 7.6%.

Judging from the 1-10 months of this year, the total value of China's imports and exports was 21 trillion and 160 billion yuan, up 7.6% over the same period last year. Exports grew by 7.8% and imports increased by 7.3%.

From the bilateral trade with major trading partners, it also shows signs of recovery. China's trade with the European Union, the United States and ASEAN has shown an increasing trend. In the first 10 months, the bilateral trade value of China and the EU increased by 0.5%, the bilateral trade value of China and the United States increased by 6.9%, and the total value of bilateral trade increased by 10.9%. In addition, the total value of bilateral trade between the mainland and Hongkong increased by 22.1%. Among the major trading partners, only bilateral trade with Japan has declined, and bilateral trade between China and Japan has dropped by 7% in 1-10.

　 Expected steady growth in the four quarter

In October, China's import and export rebounded, which was in line with the analysis expected by the Ministry of Commerce. China's foreign trade situation report (autumn 2013) released by the Ministry of Commerce believes that the import and export of the fourth quarter will maintain a steady growth trend, and China's exports will account for a small increase in Global trade share throughout the year.

The share of exports in Global trade continues to increase slightly, which means that the scale of import and export in China will probably rank first in the world. In fact, according to WTO data, global exports of goods increased by only 0.62% in the first half of this year, of which the EU increased by 6.7%, the US increased by 1.5%, and India barely increased, while China's exports increased to 11.54%, an increase of 0.27% over last year. Prior to that, Shen Danyang, spokesman of the Ministry of Commerce, predicted that China will maintain the world's first import and export scale of second in the world, and import and export scale is likely to rank first in the world for the first time. If this prediction can become a reality, there will be an answer in two months.