2019 The Annual Transcript Of Foreign Trade Is Announced, And The Export Is Beautiful In December.

In January 14th, the General Administration of Customs announced the relevant situation of China's foreign trade import and export in 2019.

In dollar terms, China's exports in December increased by 7.6% over the previous month, higher than the previous month, with export value reaching its highest monthly value. Expected growth of 2.9% in the month and a 1.1% drop in the previous value.

In 2019, the total value of import and export of China's goods trade was 31 trillion and 540 billion yuan, an increase of 3.4% over 2018. Among them, exports of 17 trillion and 230 billion yuan, an increase of 5%. In dollar terms, China's exports increased by 0.5% last year, the lowest level since 2016 (negative export growth in 2016). Imports fell by 2.8% and trade surplus exceeded 420 billion dollars.

market

Last year, the number of major trading partners in China changed. ASEAN replaced the United States and became China's second largest trading partner. Specifically, in 2019, China increased imports and exports to the largest trading partner by 4 trillion and 860 billion yuan, an increase of 8%, an increase of 4 trillion and 430 billion yuan in imports and exports to ASEAN, an increase of 14.1% in the US, and a decrease of 10.7% in the US import and export volume of 3 trillion and 730 billion yuan.

In addition, according to customs statistics, in 2019, China's imports and exports of the "one belt along the way" were 9 trillion and 270 billion yuan, an increase of 10.8%, higher than the overall growth rate of 7.4 percentage points, accounting for nearly 30% of the total value of imports and exports, an increase of 2 percentage points over 2018.

From 2014 to 2019, the trade value between China and the countries along the belt and road has totaled over 44 trillion yuan, with an average annual growth rate of 6.1%. China has become the largest trading partner of 25 countries along the line.

It is particularly noteworthy that in 2019, private enterprises' efforts to develop new markets were also growing, and exports to emerging markets such as ASEAN, Latin America and Africa increased by 25.6%, 11.4% and 15.6% respectively.

One

European Union

In dollar terms, China's exports to the EU increased by 4.9% over the same period in 2019. Among the countries I exported most were Germany, an increase of 2.9% over the same period last year; the second place was Holland, an increase of 1.5% over the same period last year; the fastest growth was in the UK, up 10.3% over the same period last year.

Two

U.S.A

2019 was the second year in which the US government imposed tariffs on goods exported to China. In dollar terms, China's exports to the United States fell by 12.5% compared with the same period last year, and imports fell by 20.9% year-on-year. The total volume of trade between the US and China was reduced by 14.6%. But in the US dollar annual total export volume, the US is still in the second place.

Three

ASEAN

In 2019, China's exports to ASEAN rose by 12.7% in dollar terms. Among them, exports to Vietnam were the largest, up 16.7% over the same period last year; Singapore ranked second, up 11.6% over the same period last year; Malaysia ranked third, an increase of 14.9% over the same period last year. Philippines is worth mentioning. Last year, I exported 16.3% to Philippines last year.

Four

Hongkong, China

Last year, exports from the mainland to Hongkong were reduced by 7.6% in dollar terms.

Five

Japan

Japan ranked fifth in the list of export destinations. Last year, in dollar terms, exports to Japan decreased by 2.6% compared with the same period last year.

product

Last year, China's mechanical and electrical products exported 10 trillion and 60 billion yuan, an increase of 4.4%, accounting for 58.4% of the total export value. Among them, electrical and electronic products exports 4 trillion and 630 billion yuan, an increase of 5.4%; machinery and equipment 2 trillion and 870 billion yuan, an increase of 1.4%. Over the same period, textile and clothing 7 categories of labor-intensive products exported 3 trillion and 310 billion yuan, an increase of 6.1%.

In 2019, the outstanding export products included:

IC exports grew by 25.3% over the same period last year.

Semiconductor device exports grew by 26.3%.

Solar cell exports increased by 47.5%.

Metalworking machine tools increased by nearly 15%.

Over the same period, China's independent brand merchandise exports increased by 12%, representing a 1.1 percentage point increase in total export value than in 2018.

mode

Customs statistics show that last year, China's cross-border trade and other new business sectors continued to flourish, including customs cross-border electricity supplier management platform import and export reached 186 billion 210 million yuan, an increase of 38.3%. The mode of market purchase and export was 562 billion 950 million yuan, an increase of 19.7%. The total contribution rate to the total foreign trade growth is nearly 14%. The new kinetic energy of trade increased significantly.

2020 forecast

The world bank's latest report predicts that global trade grew by 1.4% in 2019, the lowest level since the international financial crisis in 2008. According to data from the World Trade Organization (WTO) in the first ten months of 2019, China's exports are the best among the ten largest trading nations in the world.

It is not easy for China to achieve such a success in foreign trade. The General Administration of Customs conducts a network questionnaire survey on 3000 foreign trade enterprises every month. The survey data in November and December last year showed that the number of enterprises optimistic about the export situation in the next two to three months is increasing, and the number increased in December has reached the highest level since the second half of 2018.

According to the latest report of the prediction center of the Chinese Academy of Sciences, it is expected that in 2020, the global economic growth will slow down, the global trade will continue to be in a recession, the trade protectionism in developed countries is becoming more and more intense, the fluctuation of multinational exchange rate and geopolitical instability will inhibit the growth of Global trade, and the momentum of China's export growth will be insufficient. China's total import and export volume is estimated to be about $4 trillion and 700 billion in 2020, up by 2.2% over the same period last year.