In April, China'S Foreign Trade Exports Will Be Transformed Into More Stable Foreign Trade Measures.

On the 7 day, the Customs General Administration released data showing that in the first 4 months of this year, the total value of imports and exports of China's goods trade was 9 trillion and 70 billion yuan, down 4.9% from the same period last year, a decrease of 1.5 percentage points from the first quarter. Among them, exports in April were 1 trillion and 410 billion yuan, from 3.5% in March to 8.2%. On the same day, the Ministry of Commerce said that it would also launch multiple initiatives to increase foreign trade stability from precisely supporting enterprises, supporting exports to domestic sales, stabilizing and unblocking international logistics and so on.

According to the introduction, while the total import and export volume has steadily recovered, China's foreign trade structure also has many bright spots. From the perspective of trade mode, the proportion of general trade and import and export has increased. In the first 4 months, China's general trade imports and exports were 5 trillion and 430 billion yuan, down 4.6%, accounting for 59.8% of our total foreign trade, up 0.2 percentage points over the same period last year. Over the same period, import and export of processing trade reached 2 trillion and 180 billion yuan, down 8.4%.

From the perspective of our partners, China's growth in imports and exports to ASEAN and other countries along the belt and road has been increasing. Data show that ASEAN was my first trading partner in the first 4 months, and the total trade volume between ASEAN and ASEAN was 1 trillion and 350 billion yuan, an increase of 5.7%, accounting for 14.9% of our total foreign trade. The total number of imports and exports of the countries along the belt and road grew by 2 trillion and 760 billion yuan, an increase of 0.9%, accounting for 30.4% of the total value of our foreign trade, and the proportion increased by 1.7 percentage points.

From the perspective of trade subjects, the growth and proportion of private enterprises' imports and exports will increase. In the first 4 months, private enterprises imported and exported 3 trillion and 920 billion yuan, an increase of 0.5%, accounting for 43.2% of our total foreign trade, up 2.3 percentage points over the same period last year.

In addition, from the main products, exports of mechanical and electrical products and clothing declined, and textile exports grew. Imports of iron ore, crude oil, coal, natural gas, soybeans and other commodities increased, and the average price of imports of commodities was mixed.

Analysis generally believed that the global spread of the epidemic affected the pattern of foreign trade. ASEAN and other areas affected by the epidemic are relatively fast growing, and are the main areas to boost China's export growth. However, the impact of weaker global demand on exports may also show that the possibility of future export falls is greater.

Ministry of Commerce spokesman summit pointed out that although the decline in foreign trade data in April narrowed, the development of foreign trade still faces greater downward pressure. "From the recent Ministry of Commerce's survey of key provinces and cities, import and export chambers of Commerce and key enterprises, foreign trade enterprises are still faced with many difficulties, such as cancellation or extension of orders, difficulties in signing new orders, and poor logistics."

The summit said that we should fully estimate the difficulties, risks and uncertainties of the epidemic, and enhance our sense of urgency to further stabilize the foreign trade. Next, the Ministry of Commerce will play a role in coordinating the mechanism of foreign trade and foreign investment in accordance with the decision making arrangements of the Party Central Committee and the State Council, focusing on supporting enterprises to explore the international market, helping enterprises to better fulfill their orders, obtain new orders, and respond to the international epidemic situation.