What are China’s import and export commodities

What are China's import and export commodities

31.54 trillion RMB—In 2019, China’s total value of imports and exports of goods trade hit such a record, and China is expected to continue to maintain its position as the world’s largest country in goods trade. Globally, the 3.4% growth rate of imports and exports has performed well in the current foreign trade environment. From the domestic perspective, the seasonal increase in the size of imports and exports has also drawn a beautiful upward line.

Whether it is online or offline, imported “foreign goods” have increasingly become an important role in the “shopping cart” of Chinese New Year’s goods. What are the Chinese imports in 2019? It is indispensable to add color to the beautiful life of Chinese families.

–Taste the deliciousness of the world. Cherries, avocados, big lobsters, king crabs … These popular hits are just the tip of the hot market for imported food. The “2019 China Import Food Industry Report” shows that there are 185 imported food sources in China, and the retail scale of the imported food market has exceeded one trillion RMB. The import value of aquatic products and products, meat and products, and dairy products has exceeded 10 billion US dollars. The growth momentum is still strong at present, and imports of fruits and aquatic products have increased significantly in 2019, reaching 39.8% and 37.6%, respectively. Meat is even more in demand, with 2.098 million tons of pork imported throughout the year, an increase of 75%; 1.659 million tons of imported beef, an increase of 59.7%.

–Enjoy quality technology. High-tech and innovative products have become more and more “black horses” in the import pattern. In terms of performance in the first three quarters of 2019, Li Kuiwen, director of the Statistical Analysis Department of the General Administration of Customs, said that China’s imports of high-tech products reached 3.26 trillion RMB, an increase of 14.8%, which better supported domestic innovation and development. Looking at the whole year, it is obvious in electric passenger cars and consumer goods. In 2019, the import of electric passenger cars increased by 1.2 times, and the import of consumer goods increased by 19%, among which the import of cosmetics reached 38.8%.

–Imports help people’s livelihood. At the end of 2019, Henan Zhengzhou Pharmaceutical Import Port was officially approved. This will add another functional port to Henan. More imported drugs will reach patients in need with faster timeliness and lower prices. Imported medicines into medical insurance and zero tariffs on some raw materials have opened a “green channel” for the import of a large number of livelihood products. In 2019, the import of human vaccines increased by nearly 90%, and the import of pharmaceutical products increased by 25.8%.

“Last year we successfully hosted the second expo, reducing the value-added tax rate on imports, eliminating certain import tariffs on medicines, actively expanding the import of consumer goods, enriching the supply of domestic goods, and better meeting the people’s growing needs for a better life. “Zou Zhiwu, deputy director of the General Administration of Customs, said that China’s huge consumer market has played a significant role in driving the growth of consumer goods imports.

International competitive advantage is climbing

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 also show new bright spots.

From the perspective of quantity, the export value is 17.23 trillion RMB, an increase of 5%, and the scale is constantly expanding. From the perspective of quality, the international competitive advantage has increased significantly. “In 2019, the price index of China’s export commodities rose by 2.8%, the price index of imported commodities rose by 1.4%, and the terms of trade index was 101.4, which means that we can export the same amount of goods for more goods. From this perspective, our competition The advantage is further improved. “Zou Zhiwu said.

This competitive advantage is also reflected in many aspects

Large global market share. As an important Christmas goods market, at the end of last year, Zhejiang Yiwu Small Commodity Market was once again hot. According to customs statistics, in the first 11 months of 2019, China exported 35.73 billion RMB of Christmas supplies, a year-on-year increase of 32.6%. In the past three years, the proportion of China ‘s Christmas exports to global exports has remained at about 80%.

Behind the seemingly inconspicuous goods, the great energy of foreign trade is accumulated. There are many similar examples. According to the latest data from the WTO, in the first nine months of 2019, the global market share of Chinese mechanical and electrical products and labor-intensive products increased by 0.2 and 0.9 percentage points, respectively.

The added value of the product is higher. In today’s China’s export structure, not only traditional products such as toys and clothing, but also some high value-added products have maintained a good growth trend. For example, China ’s integrated circuit exports increased by 25.3% last year, 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, a group of enterprises are seizing innovation and quality. A few months ago, a solar cell produced by a new energy technology company in Dezhou, Shandong, received the most stringent European TUV certification in the international photovoltaic industry. The person in charge of the company said: “Obtaining this certification is equivalent to obtaining a European market pass. 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 exploring the road of independent brands in the international market. A person in charge of a food company told reporters that a large number of products produced by the company in the past were OEM (foundry production), which has a low added value compared to upstream brands. But in fact, after years of experience accumulation, the company has mastered the necessary production technologies and processes. “In recent years, the company is focusing on building its own export brand, which is also an important step to strengthen its foreign trade strength.”

Many Chinese companies have made efforts in the same direction. According to Chinese customs data, the export brand construction has achieved remarkable results. Last year, the export of independent 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.

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