In the first four months, our country's foreign trade grew by 14.9%

This article is reprinted from: Zhuhai Special Economic Zone Daily

According to data released by the General Administration of Customs on May 9th, Beijing, the total value of China’s goods trade imports and exports in the first four months of this year was 16.23 trillion yuan, a year-on-year increase of 14.9%, with the cumulative growth rate roughly the same as in the first quarter. Among them, in April alone, imports and exports reached 4.38 trillion yuan, a year-on-year increase of 14.2%, accelerating by 5 percentage points compared to the previous month.

Lü Daliang, Director of the Statistical Analysis Department of the General Administration of Customs, stated that since the beginning of this year, various regions and departments have taken proactive measures and implemented comprehensive policies. China’s foreign trade has started strongly, demonstrating resilience and vitality. “In April, China’s import and export growth exceeded double digits year-on-year, and month-on-month, it also increased by 6.5% compared to March. The foreign trade operation is in good shape.”

Specifically, in the first four months, China’s exports reached 9.33 trillion yuan, a year-on-year increase of 11.3%. High-tech and high value-added electromechanical products led the way, with exports growing by 17.6% year-on-year, accounting for 63.5% of China’s total exports, an increase of 3.4 percentage points compared to the same period last year. Among them, exports of green and low-carbon products such as electric vehicles, lithium batteries, and wind turbines increased by 68.1%, 43.2%, and 40.7%, respectively. Continuous domestic demand release has driven imports to maintain double-digit growth.

In the first four months, China’s imports reached 6.9 trillion yuan, a year-on-year increase of 20%. Among them, bulk commodity imports increased by 5.7%, and electromechanical product imports grew by 23.6%, accounting for nearly 40% of China’s total imports.

Private enterprises continue to maintain their position as China’s largest foreign trade entities. In the first four months, private enterprises’ imports and exports reached 9.31 trillion yuan, a year-on-year increase of 15.9%, accounting for 57.4% of China’s total foreign trade.