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Exports For The First Three Quarters Of 2018
Oct 27, 2018

The general administration of customs held a press conference on the import and export situation of the first three quarters on October 12.According to customs statistics, the total value of China's goods trade in the first three quarters of 2018 was 22.28 trillion yuan, up 9.9% over the same period last year, and the trade surplus was 1.44 trillion yuan, shrinking by 28.3%.In September, China's import and export to the United States reached 405.54 billion yuan, up 13.1 percent, and its exports reached 319.31 billion yuan, up 16.6 percent.Overall, this year our country foreign trade situation overall smooth operation, stable in there into, the foreign trade development orderly, high quality, although the international economic and trade areas there are still some uncertainties and destabilizing factors, especially the china-us economic and trade friction to me caused a certain problem and the impact of foreign trade development, but the direct effect and indirect effect overall control.So far this year, the United States has imposed tariffs on $250 billion in imports from China.However, the latest data show that the impact of trade frictions on bilateral trade has yet to be fully felt.In the first three quarters of this year, China's imports and exports to the United States reached 3.06 trillion yuan, up 6.5 percent year-on-year, accounting for 13.8 percent of China's total foreign trade, and the United States remains China's second largest trading partner."The latest round of $200 billion in tariffs came into effect on September 24. Before it came into effect, many companies would compete for exports.China has introduced a series of measures to reduce taxes and fees and improve the port business environment to facilitate cross-border trade. The effects of a series of measures to stabilize foreign trade growth will gradually emerge.For the future development of foreign trade, given the current international environment unstable factors still more, china-us economic and trade frictions escalating, and recent major international organizations have cut global growth expectations, coupled with the fourth quarter of last year China's foreign trade import and export scale in the third quarter increased by 5%, compared with base raise factors, in the fourth quarter of this year the foreign trade import and export growth is likely to slow.In terms of exports, the transformation and upgrading of manufacturing industry should be accelerated to lay a solid foundation for the transformation and upgrading of foreign trade.At the same time, we should also pay attention to market diversification, especially in One Belt And One Road countries.In addition, on the basis of trade facilitation, expanding the development of e-commerce and market procurement are the focus of attention, which will add impetus to the growth of foreign trade.




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