According to the latest statistics from the General Administration of Customs, from January to October this year, the total value of China's trade in goods was 22.52 trillion yuan, up 15.9% over the same period of last year.
In October, the total value of imports and exports in that month was 2.24 trillion yuan, up 10.2% over the previous year, of which 1.25 trillion yuan was exported and 6.1% more than that of the previous year. Imports amounted to 994 billion yuan, up 15.9%.
Looking from the overseas fundamentals, in the month of October, the global economic climate remained at a high level. However, no other developed countries except the European Union increased further, indicating that the demand of developed countries temporarily entered a stable period, while the improvement of exports in the same period of last year meant that the base was Up; the export price slightly lagged behind the prices of domestic and foreign commodities, and the prices have dropped or dragged down exports.
October exports of plastic products exports 20 billion yuan, up slightly by 0.76%
From January to October, China exported 9.516 million tons of plastic products, up 12.4% over the same period of last year; its export value was 214.01 billion yuan, up 13.8% over the same period of last year.
October exports of 935,000 tons in October, an increase of 10%; exports amounted to 20.01 billion yuan, an increase of 0.76%.
October 25.77 billion yuan of primary plastic imports, an increase of 18.6%
From January to October, China imported 23.381 million tons of primary plastic, an increase of 13.1% over the same period of last year; the import amount was 267.29 billion yuan, up 23% over the same period of last year.
In October, it imported 2.264 million tons, an increase of 14.9% over the same period of last year; the amount of imports was 25.17 billion yuan, up 18.6% over the same period of last year.
In October, the leading index of China's foreign trade export was 41.6, down 0.2 from the previous month. Among them, the index of export managers was 43.4, down 0.5 from the previous month; the newly-added export order index and the confidence index of export managers slid 0.7, 1.2 and 46.4 respectively, 49.9. The Composite Cost Index of Export Enterprises rebounded 1.2 to 21.1.
'Push' 'block' coexistence of external uncertainty
Looking to the future, China's foreign trade will usher in both new opportunities and more challenges in 2018.
Bai Ming, deputy director of the Institute of International Market Research Institute of the Ministry of Commerce, said that from a global perspective, China's foreign trade has a "push": the so-called 'push' refers to the world economy is still getting better and sustained recovery of external demand for China's foreign trade Promote the role of the so-called 'block' is that with the rise of trade protectionism, China's foreign trade will face more trade remedies.
Since the second half of 2016, global economic growth momentum is growing. This trend continued in 2017, the global economy since the global financial crisis, the most extensive range of recovery in the US, Europe, Japan and Canada and other developed economies, economic growth in general speed, emerging and developing economies benefit from improved external environment, economic growth is also accelerating.
2012-2016, global trade growth for five consecutive years below the world economic growth, while foreign trade growth in the first half of this year, up 19.6%, significantly higher than the economic growth. Bai Ming believes that this is a long time after experiencing negative growth in foreign trade A kind of restorative growth.
However, he also pointed out that the momentum of such restorative growth is now declining. In his view, the growth of foreign trade based on the world economic recovery is also moving toward a new normal.
