Exports in the first quarter reached 5.23 trillion yuan! Major product exports maintained a good trend

According to customs statistics, the total value of China's import and export of goods in the first quarter of this year was 9.42 trillion yuan, a year-on-year increase of 10.7%. Exports were 5.23 trillion yuan, an increase of 13.4%; imports were 4.19 trillion yuan, an increase of 7.5%.

On April 13, Li Kuiwen, spokesman of the General Administration of Customs and director of the Statistics and Analysis Department, said at a press conference that China's foreign trade imports and exports continued to grow, maintaining positive year-on-year growth for seven consecutive quarters. In the first quarter of this year, the year-on-year growth exceeded 10%, achieving a "stable start" and laying a good foundation for achieving the annual target.

According to preliminary estimates by the customs, in the first quarter, the total value of China's cross-border e-commerce imports and exports was 434.5 billion yuan, a year-on-year increase of 0.5%, of which exports were 310.4 billion yuan, an increase of 2.6%.

Although the current domestic and international environment is more complex than expected, the international market's demand for Chinese products is still expanding, and the export of major product categories remains relatively good . Data forecasts released by the United Nations and the World Trade Organization both show that the world economy as a whole is recovering.

Li Kuiwen said that in the first quarter, China exported 3.05 trillion yuan of mechanical and electrical products , an increase of 9.8%, accounting for 58.4% of the total export value. Among them, exports of solar cells, lithium batteries and automobiles increased by 100.8%, 53.7% and 83.4% respectively.

It is worth noting that in the first quarter, ASEAN surpassed the EU and became China's largest trading partner again. China's import and export trade with ASEAN increased by 8.4%, which together drove the overall growth of imports and exports by 4.8 percentage points.

In addition, in the first quarter of this year, China's imports and exports to other RCEP member countries amounted to 2.86 trillion yuan, a year-on-year increase of 6.9%, accounting for 30.4% of China's total foreign trade value.

Analyzing from specific countries, the scale of imports and exports between China and South Korea and Japan accounts for 20% of the total scale of imports and exports between China and RCEP trading partners; the year-on-year growth rate of imports and exports with South Korea, Malaysia, New Zealand and other countries has exceeded double digits.

Although the current international and domestic environment is complex and severe, unexpected factors have a huge impact, and foreign trade development is facing challenges, greater efforts are needed to maintain steady economic growth.

Of course, while facing up to these difficulties and challenges, we must also see that my country's economy is resilient and its long-term positive fundamentals will not change. Therefore, my country's foreign trade will still be expected to maintain stable development.

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