From the perspective of foreign trade structure, China's economic performance has continued to recover since the beginning of this year, driving the expansion of import demand. In the first 10 months, foreign trade imports were 14.77 trillion yuan, and the decline narrowed to 0.5%. Driven significantly by the growth rate of imports of some agricultural products and consumer goods, imports in October this year were 1.57 trillion yuan, and the growth rate turned from negative to positive, which was higher than that in September. 7.3 percentage points to a year-on-year growth of 6.4%, which strongly boosted the growth of foreign trade that month.
From the perspective of regional structure, the Northeast region has quietly "counterattacked". In the first 10 months, the combined import and export scale of the three northeastern provinces exceeded 1 trillion yuan for the first time in history during the same period. The growth rate was higher than the overall national level, promoting new results in the comprehensive revitalization of Northeast China.
From the perspective of market potential, China continues to expand the scale of trade with emerging markets, and the international market layout of close regional cooperation and diversified trade continues to be optimized. In the first 10 months, China's total imports and exports to countries participating in the Belt and Road Initiative reached 15.96 trillion yuan, a year-on-year increase of 3.2%, accounting for 46.5% of China's foreign trade scale. Among them, imports and exports to ASEAN, Central and Eastern European countries and the five Central Asian countries increased by 0.9%, 2.7% and 34.8% respectively.
Looking forward to the trend of China's foreign trade, experts said that as China's economic performance continues to improve, endogenous power continues to increase, and various pragmatic measures to stabilize foreign trade continue to be effective, the import and export operation situation will be more stable, quality and efficiency will be further improved, and the synergy effect of comprehensive policies will be With continued efforts, foreign trade is expected to continue the overall stable development momentum, and the goal of promoting stability and improving quality will surely be achieved.
