Trade surplus narrowed near 60% in January, China's import and export continued to be a good trend

In February 8th, the General Administration of Customs released data showing that in January this year, the total value of import and export of China's goods trade was 2 trillion and 510 billion yuan, an increase of 16.2% over the same period last year, continuing the two digit growth rate since last year. Among them, the export growth was 6%, the import growth was 30.2%, the trade surplus was 135 billion 800 million yuan, and it narrowed 59.7%. According to the insiders, the growth rate of imports and exports shows a great contrast. On the one hand, it confirms China's promise to expand imports, and on the other hand, it reminds us to speed up fostering new advantages of foreign trade competition.

Specifically, the growth and proportion of general trade import and export increased. In January, China's general trade import and export volume was 1 trillion and 470 billion yuan, accounting for 58.6% of China's total foreign trade value, 1.1 percentage points higher than that of the same period last year. In the same period, the import and export ratio of processing trade was 27.2%. In terms of main trading partners, the total trade value of China and Europe increased by 17.3% over the past year, accounting for 15.1% of China's total foreign trade value and maintaining the position of China's largest trading partner in January.

Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce, thinks that the RMB exchange rate factor is a contributing factor to &ldquo, exports are uncomfortable and imports are comfortable &rdquo. In addition, this year's Spring Festival in February, the early preparations for import enterprises in January are also common. “ generally speaking, the narrowing of the trade surplus is in line with the status that China has shifted from a trading power to a powerful trade nation. &rdquo, Bai Ming said that China's adhered to a higher level of opening to the outside world, and promised to expand imports, allowing more countries and regions to have the opportunity to enjoy the dividends of China's development.