With more than 2,000 overseas warehouses, my country's import and export volume will reach 6 trillion US dollars in 2021!

Data from the Ministry of Commerce show that from January to November 2021 , China's total import and export volume reached US$5.48 trillion, and the total import and export volume of goods for the whole year is expected to reach US$6 trillion, an increase of more than 20% .

While fully appreciating the achievements, we should also see that the “triple pressures of demand contraction, supply shocks, and weakening expectations” are also very prominent. “ Stabilizing foreign trade ” has become the goal this year.

In order to achieve stable development, the Ministry of Commerce will continue to work hard in tax credit and logistics. In addition, the Ministry of Commerce has further encouraged the development of cross-border e-commerce, including three policies: first , to set up a number of cross-border e-commerce comprehensive pilot zones and cultivate a number of offshore trade center cities or regions ; second, to adjust and optimize the list of cross-border e-commerce retail import goods ; and third, to promote the high-quality development of overseas warehouses.

The Ministry of Commerce stated that overseas warehouses are important overseas nodes for cross-border e-commerce, a new type of foreign trade infrastructure, and an important platform to drive the high-quality development of foreign trade.

At present, the number of overseas warehouses in China has exceeded 2,000, with a total area of ​​more than 16 million square meters. This year, the Ministry of Commerce will continue to promote the high-quality development of overseas warehouses , mainly starting with five policy measures :

First, strengthen the cultivation of entities. Encourage traditional foreign trade enterprises, cross-border e-commerce enterprises, and logistics enterprises to jointly participate in the construction of overseas warehouses, and strive to cultivate a batch of overseas warehouses with distinctive characteristics and advanced functions.

Second, steadily advance the construction of standards. Accelerate the formulation of standards that have been approved, and promote the formulation of a new batch of national, industry and group standards.

Third, promote digital development. Enrich and improve the construction of overseas smart logistics platforms, timely summarize good experiences and practices, and replicate and promote them in a timely manner .

Fourth, innovate financial services. Encourage qualified financial institutions to launch targeted financing, credit insurance products and services, and increase financial support for overseas warehouse construction.

Fifth, guide and optimize layout. Prepare guidelines for the construction of overseas warehouses in key countries to provide guidance for enterprises to build overseas warehouses.

In addition, another focus of this briefing was the Regional Comprehensive Economic Partnership ( RCEP) . RCEP officially came into effect on January 1 this year .

Customs statistics show that in the first 11 months of last year, China's total import and export value with the other 14 RCEP member countries was 10.96 trillion yuan, accounting for 31% of China's total foreign trade value during the same period. Among them, ASEAN, Japan and South Korea are China's first, fourth and fifth largest trading partners respectively.

The entry into force of RCEP will bring certain conveniences, and sellers may wish to pay attention to these countries.

Import and export volume

Overseas warehouse