In the face of multiple challenges such as insufficient momentum for world economic recovery, significant slowdown in external demand growth, and accelerated restructuring of the international supply chain, China's foreign trade faced difficulties in the first seven months, with a year-on-year increase of 0.4% and a scale of 23.55 trillion yuan. Withstood the pressure and impact of multiple unexpected factors at home and abroad, demonstrated the strong resilience and vitality that a super-large-scale market should have, and laid a good foundation for the realization of the annual economic and social development goals.
The fundamentals of my country's foreign trade development are solid. In terms of scale, since the second quarter, my country's monthly import and export scale has remained stable at more than 3.4 trillion yuan. In July, China's total import and export value was 3.46 trillion yuan, which was at a relatively high level in the same period in history, an increase of 25.7% over the same period in 2019, and an increase of 4.1% over the same period from 2020 to 2022; among them, exports increased by 6.0% over the same period, Imports increased by 1.6% over the same period. In terms of quantity, in the second quarter, my country's imports and exports turned into a "double increase" year-on-year, and the growth of foreign trade was more solid. According to data from the General Administration of Customs, in the second quarter, the volume of imports increased by 5.9%, and the volume of exports increased by 2.0%. In terms of proportion, the proportion of my country's foreign trade in the world remains stable. According to the data released by the World Trade Organization (WTO), in the first five months of this year, China’s exports accounted for 11%-12% of the world’s total, and its imports accounted for 8%-9% of the world’s total. Over the same period, the level was basically the same. On the whole, my country's foreign trade import and export is running smoothly and in line with expectations, and the fundamentals of long-term improvement have not changed.