What are China’s export commodities?

What are China's export commodities?

31.54 trillion RMB-In 2019, China’s total import and export value of goods trade set such a record, and China is expected to continue to maintain its position as the largest country in global trade in goods. From a global perspective, the 3.4% growth rate of imports and exports has performed well in the current foreign trade environment; from a domestic perspective, the quarterly increase in the scale of imports and exports has also drawn a beautiful upward line.

This year, what are the import and export commodities of the world’s largest trading country? How many are loaded into the consumer’s shopping cart? How will import and export affect people’s lives in the future?

With the gradual release of the domestic market potential, the import situation is considerable, and as the pace of transformation and upgrading of Chinese enterprises accelerates, exports have also shown new bright spots.

From the perspective of quantity, the export value is 17.23 trillion RMB, an increase of 5%, and the scale continues to expand; from the perspective of quality, the international competitive advantage has been significantly improved. “In 2019, my country’s export commodity price index rose by 2.8%, the import commodity price index rose by 1.4%, and the terms of trade index was 101.4, indicating that we can export the same amount of commodities in exchange for more commodities. From this perspective, our competition advantages are further improved.” Zou Zhiwu said.

Such a competitive advantage is also reflected in many aspects–

Greater global market share. As an important Christmas goods consignment market, at the end of last year, the Yiwu Small Commodity Market in Zhejiang Province became popular again. According to customs statistics, in the first 11 months of 2019, China exported 35.73 billion RMB of Christmas products, a year-on-year increase of 32.6%. In the past three years, China’s Christmas exports accounted for about 80% of global exports.

Behind seemingly inconspicuous commodities, there is a huge amount of energy in foreign trade. There are many similar examples. According to the latest WTO data, China’s mechanical and electrical products and labor-intensive products in the global market share increased by 0.2 and 0.9 percentage points in the first September of 2019.

Product added value is higher. In today’s China’s export structure, it is not only traditional products such as toys and clothing, but also some high value-added products that have maintained a good growth momentum. For example, last year China’s exports of integrated circuits increased by 25.3%, semiconductor device exports increased by 26.3%, solar cell exports increased by 47.5%, and metal processing machine tools increased by nearly 15%.

Behind the export achievements is a group of companies rushing to grasp innovation and quality. A few months ago, solar cells produced by a new energy technology company in Dezhou, Shandong received the most stringent European TUV qualification certification in the international photovoltaic industry. The person in charge of the company said: “Obtaining this certification is equivalent to obtaining a passport for the European market. In the first three quarters, our company’s exports to Europe increased by more than 50% year-on-year.”

The effect of independent brand is more obvious. With the improvement of technology and craftsmanship, many Chinese companies are also developing their own brands in the international market. A person in charge of a food company introduced to reporters that in the past, a large number of products produced by the company were OEM (OEM), which had low added value compared with upstream brands. But in fact, after years of experience accumulation, the company has mastered the necessary production technology and craftsmanship. “In recent years, the company is making efforts to build its own export brand, which is also an important step to strengthen foreign trade strength.”

Many Chinese companies are already working in the same direction. China Customs data shows that export brand building has achieved remarkable results. Last year, the export of self-owned brand goods was 2.9 trillion RMB, an increase of 12%, accounting for nearly 17% of the total export value, an increase of 1.1 from 2018. Percentage points.

Leave a comment

Your email address will not be published. Required fields are marked *