With the steady growth of domestic investment, the demand for international trade continues to expand. The total value of imports and exports in the first quarter was 9.89 trillion yuan, a year-on-year increase of 4.8%; the proportion of enterprises with new export orders increased month-on-month for three consecutive months; the export of heavy containers in March increased by 10.5% year-on-year... Released by the General Administration of Customs on the 13th The report card of foreign trade shows that China's foreign trade import and export started steadily and improved month by month, laying the foundation for the promotion of foreign trade stability and quality improvement throughout the year.

The growth rate has turned positive, and the foreign trade market is stable and improving

Analyzing this first quarterly report, transfer is a major key word. In terms of cumulative growth rate, foreign trade in the first quarter turned from a slight decrease of 0.8% year-on-year in the first two months to an increase of 4.8%; in terms of single-month growth rate, it fell by 7% year-on-year in January, and quickly turned from negative to positive in February, increasing by 8%. , further increased to 15.5% in March.

Lu Daliang, director of the Statistics and Analysis Department of the General Administration of Customs, said that since 2023, the domestic epidemic situation has stabilized, and the resumption of work and production has been accelerated. Especially since the middle and late February, the ten-year import and export has maintained a positive growth year-on-year, driving the overall scale to grow steadily.

Under multiple pressures, it is not easy for China's foreign trade to walk out of the rising curve against the trend. Zhuang Rui, a professor at the University of International Business and Economics, said that foreign trade plays an important role in supporting the development of the national economy. The obvious stabilization not only shows that China's foreign trade has strong resilience and competitiveness, but also releases the warmth of economic stabilization and recovery.

If viewed from the perspectives of export and import, the trajectory of foreign trade recovery is clearer. In the first quarter, China's exports improved significantly, outperforming imports. Among them, exports were 5.65 trillion yuan, and the year-on-year growth rate rose from 0.9% in the first two months to 8.4%; imports were 4.24 trillion yuan, a decrease of 2.9% in the first two months to an increase of 0.2%.

In this regard, Zhuang Rui analyzed that the rapid growth of exports is mainly reflected in the outstanding exports of electromechanical and high-tech products represented by new energy vehicles, as well as the countries along the Belt and Road and the member countries of the Regional Comprehensive Economic Partnership Agreement (RCEP). Export growth of trading partners has improved. In addition, as the year-on-year increase in international bulk commodity prices narrowed, the growth rate of imports was relatively low.

In general, China's foreign trade imports and exports showed strong resilience in the first quarter, with a steady and positive start, laying the foundation for promoting stability and improving the quality of foreign trade throughout the year. Lu Daliang said. Editor/Xu Shengpeng