Core Viewpoint - China's goods trade showed a positive trend in the first two months of 2024, with significant year-on-year growth in both exports and imports, indicating a strong start to the year [1][2]. Trade Performance - The total value of China's goods trade reached 6.61 trillion yuan, a year-on-year increase of 8.7%, with exports at 3.75 trillion yuan (up 10.3%) and imports at 2.86 trillion yuan (up 6.7%) [1]. - In USD terms, the total trade value was 930.86 billion, growing by 5.5%, with exports at 528.01 billion (up 7.1%) and imports at 402.85 billion (up 3.5%) [2]. Trade Surplus - The trade surplus expanded to 890.87 billion yuan, a 23.6% increase, and in USD, the surplus was 125.16 billion, growing by 20.5% [1][2]. Import Dynamics - Imports continued to show positive growth, with significant increases in major commodities: iron ore (2.09 million tons, up 8.1%), crude oil (8.83 million tons, up 5.1%), coal (7.45 million tons, up 22.9%), natural gas (2.21 million tons, up 23.6%), and refined oil (757.6 thousand tons, up 35.6%) [3]. Economic Factors - The improvement in exports is attributed to better external demand, particularly from the US and ASEAN, and sustained high growth in automobile exports [2]. - Domestic demand recovery and lower prices of bulk commodities contributed to the increase in imports [3]. Future Outlook - The resumption of manufacturing and infrastructure projects post-Spring Festival is expected to further boost import demand [4]. - Long-term strategies for enhancing foreign trade include upgrading industrial structures and focusing on new market opportunities [5]. - The development of overseas warehouses has been highlighted as a significant factor in promoting high-quality foreign trade [5]. Policy Recommendations - To stabilize foreign trade, it is essential to maintain confidence, policies, and expectations domestically while ensuring stable channels, markets, and shares externally [5][6].
前两月货物贸易实现良好开局 进出口规模创历史同期新高
Xin Hua Wang·2025-08-12 05:47