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In the first two months of this year, China's total import and export volume decreased slightly compared with the same period last year. China's foreign trade has started steadily, and is currently studying policies to stabilize foreign trade in response to local and corporate needs. According to official data, China's total import and export value from January to February this year was 6.18 trillion yuan (RMB, the same below), a slight decrease of 0.8% year-on-year. Among them, exports increased by 0.9% year-on-year, while imports decreased by 2.9%. In terms of US dollars, China's total import and export value in the first two months fell by 8.3% year-on-year.
In the first two months, China's foreign trade has overcome the challenge of weakening external demand, and the total volume of import and export of goods has remained above 6 trillion yuan, the second highest value in the same period of history. Against the backdrop of a general decline in exports from neighboring countries, the decline in China's exports in US dollar terms has been controlled at single digits, and exports in RMB terms have achieved positive growth. At the same time, the foreign trade structure is also continuously optimized, private enterprises are more active, and trade exchanges with emerging markets are closer.
Weakening external demand and declining orders are the biggest challenges facing the development of foreign trade at present, and trade risks such as poor repayment of some countries have also increased. The Ministry of Commerce is working with relevant departments to study policies to stabilize foreign trade in response to the needs of local governments and enterprises, so as to promote foreign trade to stabilize its scale and optimize its structure.
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