According to the latest customs data, China's foreign trade showed strong resilience during the January-November 2024 period, with the total value of imports and exports reaching RMB 39.79 trillion, an increase of 4.9% year-on-year. of particular interest is that the import and export value of the single-month period of November reached RMB 3.75 trillion, an increase of 1.2% year-on-year, realizing eight consecutive months of positive growth.
I. Continued optimization of trade structure
The data showed that general trade import and export amounted to 25.5 trillion yuan, accounting for 64.1%, showing a higher quality trade structure. Meanwhile, processing trade and bonded logistics also showed good growth.
II. Solid development of the global partnership for trade
ASEAN continues to be the largest trading partner, with a total trade value of 6.29 trillion yuan, an increase of 8.61 TP3T, while trade with major trading partners such as the European Union, the United States and the Republic of Korea also maintained steady growth. It is worth mentioning that the trade value of countries along the "Belt and Road" reached 18.74 trillion yuan, showing strong growth momentum.
III. Continuous enhancement of the vitality of the main bodies of foreign trade
The performance of private enterprises was particularly bright, with import and export volume reaching 21.99 trillion yuan, up 8.7% year-on-year, accounting for 55.3%, up 2 percentage points from the same period last year, showing strong market vitality.
IV. Strong export momentum for high-tech products
In the structure of export products, electromechanical products occupy a dominant position, with exports amounting to 13.7 trillion yuan, accounting for 59.5% of the total value of exports. among them, high-tech products such as integrated circuits and automobiles have realized a double-digit growth, showing that industrial upgrading has been effective.
Author: Diligence
Xindashun International Logistics (Shenzhen) Co.
Tel：13556688899
Address: 21B03, Jazz Building, No. 4018, Guinbin Road, Heping Community, Nanhu Street, Luohu District, Shenzhen, China.