Current situation of China’s import and export

In the first quarter of 2020, my country’s imports and exports fell by 6.4%, which was significantly narrower by 3.1 percentage points from the previous two months. In April, the overall growth rate of foreign trade rebounded by 5.7 percentage points from the first quarter, and the growth rate of exports rebounded sharply by 19.6 percentage points.

According to customs statistics, in the first four months of this year, the total value of my country’s imports and exports of goods trade was 9.07 trillion yuan, a year-on-year decrease of 4.9%, and the rate of decline narrowed by 1.5 percentage points from the first quarter. Among them, exports were 4.74 trillion yuan, down 6.4%; imports were 4.33 trillion yuan, down 3.2%; the trade surplus was 415.7 billion yuan, down 30.4%.

In April, my country’s foreign trade exports grew better than market expectations. The export growth rate rebounded by 19.6 percentage points, indicating that my country’s export growth has recovered. Affected by the epidemic, markets in Europe and the United States have shrunk severely. However, as the trade diversification strategy has achieved positive results, my country’s imports and exports of countries along the “Belt and Road” have also shown bucking growth. In addition, the country’s series of stable foreign trade policies continue to exert force and the pace of domestic resumption of work and production has accelerated.

“In April, monitoring data shows that exports have shown a recovery growth.” Li Kuiwen, a spokesperson for the General Administration of Customs, said in an interview that the current situation facing my country’s foreign trade is not optimistic, and we must deal with various complex and difficult situations. Preparations, but my countrys foreign trade is resilient and the long-term development trend remains unchanged.

Shijiazhauang Sincere Chemicals Co., Ltd. will continue to move forward under pressure for a period of time in the future. We look forward to cooperating with colleagues in the industry to overcome difficulties together.

Post time: Nov-11-2020