CCTV News:Under normal circumstances, affected by the Spring Festival and other factors, the first two months of each year belong to the off-season of foreign trade, but this year the situation is somewhat different. According to data released by the General Administration of Customs recently, in the first two months of this year, China’s foreign trade import and export amounted to 834.49 billion US dollars, an increase of 41.2% over the same period last year. Among them, exports amounted to 468.87 billion US dollars, an increase of 60.6% over the first two months of last year. What is the reason behind such a large increase and the off-season is not weak?
Since June last year, China’s foreign trade has been growing for nine consecutive months.
The data chart can more intuitively show the changes of China’s foreign trade import and export since the beginning of last year. Last January, China’s foreign trade data was in the normal range. In February, affected by the epidemic, the trade volume dropped sharply, and the export in that month dropped to 80.38 billion US dollars. Since then, due to the rapid control of the domestic epidemic, exports have rebounded rapidly. In April, exports returned to more than 200 billion US dollars again, and in June, foreign trade growth turned from negative to positive. In December, the export volume reached $281.93 billion. In the first two months of this year, even in the off-season, the monthly export volume was still above $200 billion.
In the same period, compared with the first two months, the foreign trade "big advance" changed to "big exit"
In the first two months of last year, the import volume was 299.54 billion US dollars, and the export volume was 292.45 billion US dollars. In the first two months of this year, these two figures were $365.62 billion and $468.87 billion respectively. The intuitive feeling given by the data is that in the first two months of last year, China made "great progress", but this year it is "great progress".
External demand increases, order delivery drives exports in time.
In this regard, the analysis of the General Administration of Customs believes that the sharp increase in exports is mainly due to the rebound in production and consumption in major economies such as Europe and the United States. In the first two months, China’s export growth to Europe, America and Japan was higher than the overall export growth. In addition, during the Spring Festival holiday this year, many manufacturing employees in China chose to celebrate the New Year on the spot. Many enterprises in major foreign trade provinces such as Guangdong and Zhejiang maintained their production during the Spring Festival, and orders that were previously delivered after the end of the year can now be delivered normally.
The sustained improvement of domestic economy has boosted the rapid growth of imports.
On the import side, the sustained and stable recovery of the domestic economy has boosted the rapid growth of imports. In January and February of this year, China’s economy continued to expand as a whole. The manufacturing PMI index has been on the line of prosperity and decline for 12 consecutive months, and the production index and new order index of most industries are above the critical point. Entering the peak season of production and sales after the Spring Festival, the market demand is expected to pick up further, and enterprises are more optimistic about the future expectations.
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