According to the data released by the General Administration of Customs, in July, China's total import and export value was 38 1 trillion yuan. RCEP came into effect this year, which provided new impetus for regional economic recovery and development. So today, Bian Xiao is here to sort out the customs-related knowledge for everyone. Let's have a look!
The RCEP dividend appears.
According to customs statistics, in July, China's total import and export value was 38 1 trillion yuan, a year-on-year increase of 16.6%. However, China's import and export to RCEP trading partners was 1. 17 trillion yuan, up 18.8% year-on-year, driving the overall import and export growth by 5.6 percentage points.
The Regional Comprehensive Economic Partnership Agreement (RCEP) came into effect on June 5438+ 10 this year, and it is the largest free trade area in the world. Many foreign trade enterprises in China have fully benefited from the dividends brought about by the entry into force of RCEP, such as preferential tariffs, simplified customs clearance and trade and investment facilitation.
In the first seven months, the import and export of China and countries along the Belt and Road increased by 19.8% year-on-year, and increased by 7.5% year-on-year with other 14 members of RCEP.
Li Kuiwen said that RCEP has further deepened regional economic interconnection and trade and investment cooperation, which has provided new impetus for regional economic recovery and development.
In the first seven months, the total trade volume between China and major trading partners such as ASEAN, EU, USA and ROK increased by 13.2%, 8.9%,1.8% and 8.9% respectively.
Domestically, in the first seven months of this year, the total import and export volume of three provinces and one city in the Yangtze River Delta region was 8.58 trillion yuan. It increased by 1 1.7% year-on-year, 2.5 percentage points faster than the growth rate in the first half of the year.
Export growth in July was better than market expectations.
According to customs statistics, exports in July reached 2.25 trillion yuan, an increase of 23.9%. In dollar terms, exports increased by 18%.
The export performance in July was better than the market expectation. Pang Yao, chief economist and head of research department in Greater China of Jones Lang LaSalle, said that in July, China's foreign trade structure showed good signs of rebound, both in export and import, and compared with major trading targets such as ASEAN, the European Union and the United States. This is mutually confirmed by the good performance of various export forward-looking indicators in July, such as the cargo throughput of China-Hong Kong joint venture and the export data of South Korea.
"In June, some positive factors that promoted China's foreign trade exports continued. The early consumption demand of enterprises and residents in the United States and Europe under the background of' real negative interest rate', as well as the year-on-year downturn in exports to ASEAN, the recovery of production after the recent base public utilities and a wave of local epidemics has calmed down, and the backlog of demand has been released, which has strongly supported China's foreign trade exports. " Pang Wei said.
Zheng Houcheng, director of the Securities Research Institute of Ying Da University, said that the reason why the export data in July was better than expected was that JPMorgan Chase's global manufacturing PMI and CRB index were under pressure, but they were still in the expansion range or relatively high, which indicated that global demand still supported China's exports. At the same time, exchange rate and base factors also support exports.
Number of foreign trade enterprises with import and export performance
According to customs statistics, in the first seven months, there were 526,000 foreign trade enterprises with import and export performance nationwide, up 5.8% year-on-year, which was further higher than the growth rate of 5.5% last month.
According to statistics, in the first seven months, the import and export volume of private enterprises, foreign-invested enterprises and state-owned enterprises all increased year-on-year. Among them, the import and export of private enterprises 1 1.8 trillion yuan, an increase of 15.3%, accounting for 50% of China's total foreign trade, an increase of 2. 1 percentage point over the same period last year. The General Administration of Customs pointed out that the import and export of private enterprises grew rapidly and their proportion increased.
Li Kuiwen said earlier that China's foreign trade can achieve steady growth, and an important support is the effective stimulation of the vitality of various foreign trade market players.
Looking forward to the later period, Zheng Houcheng believes that it is expected that the global manufacturing PMI of JPMorgan Chase, the manufacturing PMI of ISM of the United States and the manufacturing PMI of the euro zone will continue to decline in August, which will put some pressure on the export growth rate of China. There is a high probability that the international oil price will continue to decline, which will also have a marginal negative impact on the export growth rate in August from the price point of view.
Pang Wei said that foreign trade should be able to maintain double-digit year-on-year growth in the short term. However, we should be wary that some temporary factors may fade after entering the fourth quarter. The potential rapid rate hike in the United States, Europe and other countries and regions may curb the overall overseas demand and bring downward pressure on China's foreign trade exports in the medium term.