According to statistics released by the General Administration of Customs on the 8th, the total value of China's trade in goods registered 2.51 trillion yuan in January of this year, an increase of 16.2% over the same period of last year, of which 1.32 trillion yuan was exported, an increase of 6% ; Imports 1.19 trillion yuan, up 30.2%; trade surplus of 135.8 billion yuan, narrowing 59.7%.
In terms of trade patterns, the growth of imports and exports of general trade increased with a rise of 1. In January, China's general trade imports and exports 1.47 trillion yuan, up 18.5%, accounting for 58.6% of China's total foreign trade value, up 1.1 percentage points from the same period of last year.
From a market perspective, China's import and export growth in markets such as Europe, America, Japan and ASEAN has been higher than that of the countries along the Belt and Road. In January, the total trade volume between China and Europe reached 379.55 billion yuan, up 17.3% Worth 15.1% of the total value of China-US trade was 351.94 billion yuan, an increase of 11%, accounting for 14% of China's total foreign trade in January I trade with the total value of 327.77 billion yuan, an increase of 27% 13.2% of the value of China's total import and export of countries along the Belt and Road reached 694.88 billion yuan, an increase of 17.8%, higher than the overall growth rate of 1.6 percentage points.
In terms of trade, the import and export of private-owned enterprises, foreign-invested enterprises and state-owned enterprises both increased. In January, the import and export of private-owned enterprises reached 993.51 billion yuan, an increase of 16.8%, accounting for 39.5% of the total value of our foreign trade, an increase of 0.2 over the same period of last year In the same period, the import and export of foreign-invested enterprises reached 1.07 trillion yuan, up 17.4%, accounting for 42.6% of the total value of our foreign trade. In addition, the import and export of state-owned enterprises reached 437.94 billion yuan, up 11.5%, accounting for 17.4% of the total value of our foreign trade.
He Fei, a senior fellow at the Bank of Communications Research Center at Bank of Communications, pointed out that the base factor contributed to better-than-expected export growth in January, with the sharp increase in imports in January, mainly due to the domestic demand. From the data, domestic demand was strong and the import demand for major commodities increased significantly. Imports of crude oil, soybeans, iron ore and edible vegetable oil increased by 19.42%, 10.72%, 9.07% and 3.64% respectively in January, up 26.79%, 4.61%, 14.48% and 23.38 respectively from December last year. %, A significant contribution to the growth of imports.In addition to strong domestic demand, there are other four factors that help boost import growth: First, the base factor, the import base in January last year, lower; the second is the holiday factor, compared with January last year In the Spring Festival this year, in February this year, the holiday effect pushed up the import growth. Third, due to the exchange rate, the exchange rate of Renminbi against the U.S. dollar appreciated by more than 3% in January, to a certain extent, be conducive to the growth of import growth. Fourthly, the policy factor was to reduce the trade surplus Becoming the main foreign trade policy this year. This was clearly reflected in the January data. The trade balance in January dropped by 34.345 billion U.S. dollars from December last year, narrowing 62.8%.
Looking ahead, Hefei pointed out that the leading index of foreign trade and exports rebounded to 41.6% in January, indicating that the future exports are expected to continue to maintain a good situation.At the same time, due to enter the Spring Festival in February, the holiday factor may affect the import and export data in February, In the first quarter, there will be obvious fluctuations in the foreign trade data. In addition, the trade frictions between China and the United States have been further aggravated recently, and the foreign trade growth is still facing more uncertainty.
Many industry experts said that although overall external demand is expected to continue warming, this year China's foreign trade still faces many challenges and uncertainties and deserves great attention.