General Administration Of Customs: In 2022, China'S Total Import And Export Value Will Exceed 40 Trillion Yuan For The First Time

In 2022, China's total import and export value of goods trade will be 42.07 trillion yuan, an increase of 7.7% over 2021. Among them, exports reached 23.97 trillion yuan, up 10.5%; Imports reached 18.1 trillion yuan, up 4.3%.

The specific analysis mainly has the following five characteristics:

First, strong import and export flexibility and large scale. In 2022, China's total import and export value exceeded 40 trillion yuan for the first time, and continued to maintain stable growth on the basis of a high base in 2021. Its scale hit a new record high again, and it has maintained its position as the world's first trade country in goods for six consecutive years. From a quarterly perspective, the total value of imports and exports in the first and second quarters respectively exceeded 9 trillion yuan and 10 trillion yuan, and the total value of imports and exports in the third quarter increased to 11.3 trillion yuan, which was a new peak in the scale of the quarter. The total value of imports and exports in the fourth quarter continued to maintain the level of 11 trillion yuan.

Second, the trade partners are well structured and growing. In 2022, China's imports and exports to ASEAN, the European Union and the United States will reach 6.52 trillion, 5.65 trillion and 5.05 trillion yuan respectively, up 15%, 5.6% and 3.7% respectively. Over the same period, China's import and export to countries along the "Belt and Road" increased by 19.4%, accounting for 32.9% of China's total foreign trade, an increase of 3.2 percentage points; Import and export to other RCEP member countries increased by 7.5%.

Third, general trade grew rapidly and its proportion increased. In 2022, China's general trade import and export will reach 26.81 trillion yuan, an increase of 11.5%, accounting for 63.7% of the total import and export value, an increase of 2.2 percentage points; Among them, the export was 15.25 trillion yuan, up 15.4%; Imports totaled 11.56 trillion yuan, up 6.7%. During the same period, the import and export of processing trade was 8.45 trillion yuan, accounting for 20.1% of the total import and export value.

Fourth, the number of foreign trade entities increased and their vitality was strong. In 2022, China will have 598000 foreign trade enterprises with import and export performance, an increase of 5.6%. Among them, there were 510000 private enterprises, an increase of 7%, import and export of 21.4 trillion yuan, an increase of 12.9%, accounting for 50.9% of the total import and export value, an increase of 2.3 percentage points. During the same period, the import and export of foreign-invested enterprises and state-owned enterprises reached 13.82 trillion yuan and 6.77 trillion yuan, respectively accounting for 32.9% and 16.1% of the total import and export value.

Fifth, the supply and demand of major products are stable and have sufficient advantages. In 2022, China's import and export of mechanical and electrical products will reach 20.66 trillion yuan, an increase of 2.5%, accounting for 49.1% of the total import and export value. Among them, the export of solar cells, lithium batteries and automobiles increased by 67.8%, 86.7% and 82.2% respectively. Over the same period, the export of labor-intensive products reached 4.28 trillion yuan, up 8.9%, accounting for 17.9% of the total export value. Among them, the exports of bags, shoes and toys increased by 32.6%, 24.4% and 9.1% respectively. In addition, the import of energy products such as crude oil, natural gas and coal totaled 3.19 trillion yuan, up 40.9%, accounting for 17.6% of the total import value; The import of agricultural products was 1.57 trillion yuan, up 10.8%, accounting for 8.7% of the total import value.

Lv Daliang said that, on the whole, China's foreign trade will achieve a new breakthrough in 2022, and the scale, quality and efficiency of imports and exports will be improved simultaneously. The achievements will not come easily. Looking forward to this year, the foundation for China's economic recovery is not yet solid, the external environment is unstable, the downward pressure on the world economy is increasing, and China's foreign trade development is still facing many difficulties and challenges. While facing up to these difficulties and challenges, we should also see that China's economy is resilient, has great potential and is full of vitality. The fundamentals of long-term improvement remain unchanged. This year, the economy is expected to recover on the whole. We should be more confident in promoting stable scale and excellent structure of foreign trade.