China's exports in 2017 totaled 27.79 trillion yuan | up 10.8%

On January 12, Mr. Huang Songping, spokesman for the General Administration of Customs, released the data on China's import and export in 2017. In 2017, the world economy recovered gently and the economy in China was on a moderate track to boost the continuous growth of China's foreign trade in 2017.

According to the statistics of the Customs, the total value of China's trade in goods and imports in 2017 was 27.79 trillion yuan (same as the same below), an increase of 14.2% over 2016, reversing the previous two years of declines, of which 15.33 trillion yuan was exported 10.8%; imports 12.46 trillion yuan, an increase of 18.7%; trade surplus of 2.87 trillion yuan, narrowing 14.2%.

In 2017, China's import and export to the top three trading partners, the EU, the United States and the ASEAN increased by 15.5%, 15.2% and 16.6% respectively, which together accounted for 41.8% of China's total export and import value.

China and 'Belt and Road ' The total amount of trade between countries along the line increased17.8%

In 2017, China's import and export to the Belt and Road countries hit 7.37 trillion yuan, up 17.8% from the same period of last year, 3.6 percentage points higher than China's overall foreign trade growth rate and accounting for 26.5% of China's total foreign trade value, of which 4.3 trillion yuan was exported, An increase of 12.1% and an import of 3.07 trillion yuan, up 26.8%.

In 2017, China's import and export to Russia, Poland and Kazakhstan increased by 23.9%, 23.4% and 40.7% respectively, both higher than the overall increase.

The 'One Belt One Road Initiative' conforms to the requirements of the times and the desire of all countries to speed up their development. The countries along the line have jointly built the 'One Belt and One Road' initiative and will share the achievements of the 'five links.' In the future, China Customs will deepen all-round clearance of the national clearance cooperation under the Belt and Road , Actively promote the mutual recognition of AEOs in the countries along the line, continue to optimize customs supervision and management services, promote the process of customs clearance, simplify and improve trade facilitation, promote the transformation and upgrading of foreign trade, accelerate the development of new momentum for foreign trade development and support the development of new trade formats.

Sino-US trade friction Gross trade value growth15.2%

The United States is China's second largest trading partner. According to customs statistics, the total trade between China and the United States in 2017 was 3.95 trillion yuan, up 15.2% over the same period of last year and accounting for 14.2% of China's total import and export value, of which 2.91 trillion yuan was exported to the United States , An increase of 14.5%. The import from the United States was 1.04 trillion yuan, an increase of 17.3%. The trade surplus with the United States reached 1.87 trillion yuan, an increase of 13%.

As the two largest economies in the world have witnessed rapid growth in trade between China and the United States in 2017, China and the United States will continue to deepen economic and trade cooperation, achieve mutual benefits and win-win results and jointly promote global economic prosperity.

Import and export product structure optimization Enhanced ability of independent innovation

The exports of some high value-added mechatronic products and equipment manufacturing products maintained a good growth. Exports of automobiles increased by 27.2%, computers increased by 16.6%, mobile phone exports increased by 11.3% and medical instruments and equipment increased by 10.3%, indicating that Chinese enterprises' capability of independent innovation gradually increased The new advantages of international competition are gradually appearing.

In terms of imports, the import of energy and resource-based products increased steadily, with imports of crude oil, iron ore and natural gas increasing by 10.1%, 5% and 26.9% respectively. Imports of some key equipment and key components and consumer goods enjoyed a rapid growth. Among them, integrated circuits An increase of 17.3%, an engine increase of 17.6% and a numerical control machine tool of 13.8%.

In addition, the value of imports and exports increased quarter by quarter, year-on-year growth slowed down .Private enterprises import and export growth, the proportion increased .In the western and northeastern provinces import and export growth higher than the national overall. Iron ore, crude oil and soybeans and other bulk imports Prices rise together.

12Month China's foreign trade export leader index fell

In December 2017, China's foreign trade export leader index was 41.1, down 0.7 from the previous month, indicating that China's exports still face some pressure in the first quarter of 2018. According to the online survey data, in the same month, China's export manager index was 44.2, A drop of 0.6 over the previous month. The new export order index and the confidence index of export managers dropped 0.4 and 1.2 respectively to 48.3 and 50 respectively, while the Composite Cost Index of Export Enterprises rebounded 0.4 and 20.5 respectively.

On the whole, in 2017, China's foreign trade sector steadfastly pushed forward supply-side structural reforms and made positive progress in turning around and restructuring. Its imports and exports are shifting from the phase of rapid growth to the phase of high-quality development.

With further structural reform on the supply side, China's economy maintained a steady and favorable development trend, and the improvement of the real economy led to an increase in import demand of China, meanwhile, China also implemented a series of measures to expand import policies, including reducing some Tariffs on imports of consumer goods and policies and measures such as improving fiscal and taxation policies for imports, encouraging imports of advanced technical equipment and key components and improving trade facilitation have had a positive impact on the expansion of imports.

2016 GoodChinaBrand | ICP: 12011751 | China Exports