Import Trade Index: Import And Export Index Issued By The Second Host Country

The second China International Import fair, which is being held, has attracted wide attention all over the world. What are the characteristics of China's import trade from the 15 host countries? This morning, the global trade monitoring and analysis center of the General Administration of customs and the Shanghai foreign economic and Trade University jointly established the "Second China International Import exposition host country import trade index" was released on the spot of the Expo.

Data show that the import and export index of the second countries in the past year was 60.97, up 60.36 from the same period last year, an increase of 1.01% over the same period last year. It shows that the import trade between China and the host countries of the second entry Expo has become more active, and the overall development has made progress. The commodities of the host country have further enriched the Chinese import market, and China's imports have also promoted the economic growth of the host country to a certain extent.

The latest statistics from the customs also confirm this point: in the first three quarters of this year, China's total import from the 15 host countries of the second world fair increased by 1 trillion and 450 billion yuan, an increase of 9.5%, 0.7 percentage points higher than the total import growth rate of the participating countries, accounting for 46.8% percentage points of the total import value in the same period.

This is the first time that China has released the trade index with the object of attending the Expo as the object of study. It can objectively and systematically reflect the development and changes of the import trade between our country and the host country, the competitiveness of the host country's goods in the Chinese market and the complementarity with the import demand of China. It will provide policy reference and services for China's successful entry into the fair, further expansion of imports and the operation of enterprises in various countries.

It is reported that the host country index of the Expo will examine and measure the development of import trade between China and the host country in the past year from the aspects of market share, China's market contribution rate, relative competitiveness of products, product supply advantages and trade complementarity. The higher the index score, the more active the import trade development of our country and the host country, the greater the competitiveness of the host country's goods in China's market, the stronger the complementarity with China's import demand.

The import and export index of the host country further imports the trade portrait of the host country from the commodity dimension. For example, from the point of view of commodities, the top three of the trade index of China's independent import countries is base metals, precision instruments and textiles, and shoes and hats, food and beverage, wood and animal products rank the fastest. Among them, Russia, Thailand and Czech ranked the top among the wood products trade index, and Italy, Russia and France were among the top of the art trade index.

"Standing at a new historical starting point, China's opening door will only grow larger and larger." Through the import trade index of the host country of the fair, the host country can draw up a plan to further tap the Chinese market, optimize the export commodity structure to China, improve the overall competitiveness and trade potential of its products in the Chinese market, and expand the variety and quantity of export commodities. According to the commodity portrait, Chinese enterprises can find more specific import target products and import target countries with more market potential and improve the sales volume of imported goods. The import and export index of the host country will establish a communication bridge between China and the host country, importers and exporters, so as to provide scientific guidance and services for the two sides to explore the direction of cooperation and tap the potential of cooperation.