Go higher every season! In the first three quarters of this year, China’s import and export value was 30.8 trillion yuan

“According to customs statistics, the total value of China’s imports and exports in the first three quarters was 30.8 trillion yuan.” On October 13, China’s State Council Information Office held a press conference on imports and exports in the first three quarters of 2023. Lu Daliang, spokesman of the General Administration of Customs and director of the Statistical Analysis Department, introduced at the meeting that in the first three quarters of this year, China’s foreign trade imports still maintained a good momentum, showing many highlights in terms of scale, quantity and category structure.

The scale of imports increased quarter by quarter, and the import trend from the main source countries improved. In the first, second and third quarters of this year, China imported 4.23 trillion yuan, 4.39 trillion yuan and 4.58 trillion yuan respectively, with the scale expanding quarter by quarter. Among them, China’s imports from Latin America, ASEAN and the EU have all increased quarter-on-quarter for two consecutive quarters, with quarter-on-quarter growth rates of 8.5%, 6.3% and 2.6% in the third quarter, respectively.

The number of imports has steadily increased, and the role of ensuring supply and stabilizing the chain has continued to play. China’s imports have risen for eight consecutive months from a year earlier, with a cumulative increase of 2.6% in the first three quarters. “Especially to meet the needs of domestic production of resources and energy products, key parts and other imports expanded steadily,” Lu Daliang, for example, crude oil, natural gas, metal ore and other imports increased 14.6%, 8.2%, 7.8%; Imports of central processing parts for computers and aircraft parts also increased by 42.9 percent and 15.9 percent, respectively.

Open and diversified import access to better meet the consumption needs of people’s livelihood. Up to now, China has established customs inspection and quarantine cooperation relations with 171 countries and regions, and signed nearly 400 international cooperation documents on agricultural products and food access. In the first three quarters of this year, China’s imports of agricultural products increased by 8.6%, of which dried and fresh fruits and nuts, alcohol and beverages increased by 22.8% and 21% respectively. At the same time, with the steady expansion of domestic consumer demand, some personalized and upgraded consumer goods imports increased. In the first three quarters, China’s imports of jewelry, watches, medical and health care products, shoes and bags increased by 74.3%, 18.9%, 18.5% and 9.2% respectively.

Lu Daliang said that in general, with the continuous deepening of China’s import expansion strategy, the domestic cycle as the main body, the domestic and international double cycle to promote each other to accelerate the construction of a new development pattern, the open, huge Chinese market will be more and more widely benefit the world.