China's Trade Situation In 2014 International Trade Statistics

date of issue:2019-05-14     Source: Agrow
According to customs statistics, in international trade statistics 2014, China's total import and export value of 26.43 trillion yuan, a year-on-year growth of 2.3%, including exports of 14.39 trillion yuan, an increase of 4.9%, imports of 12.04 trillion yuan, a decline of 0.6%, trade surplus of 2.35 trillion yuan, an expansion of 45.9%. In terms of us dollars. The total value of China's import and export reached $4.30 trillion in 2014, with a year-on-year growth of 3.4%, including us $2.34 trillion in exports, with a year-on-year growth of 6.1%, and $1.96 trillion in imports, with a year-on-year growth of 0.4%. The trade surplus was $382.46 billion, an increase of 47.3 percent year-on-year. After removing the factor of arbitrage trade raising the base in 2013, the real growth of China's import and export was 6.1%, export 8.7% and import 3.3%. The annual import and export operation in 2014 mainly has the following characteristics:

First, we have consolidated our position as the largest trading nation in goods. According to the international trade statistics 2014, global trade is expected to grow by only about 2% in 2014. Exports and imports to the United States rose 3 percent in the January - November period, while exports to the European Union and Japan fell 0.5 percent and 2.5 percent. The growth rate of China's foreign trade is significantly higher than the average global growth rate, and China's position as the largest trading country in goods has been further consolidated. It is estimated that China's export share in the whole year will be about 12.2%, which is 0.5 percentage point higher than that in 2013.

Second, foreign trade has made outstanding contribution to economic growth. In the case of increasing downward pressure on the domestic economy, foreign trade has played an important role in supporting economic growth. According to the expenditure method, in the first three quarters of 2014, the contribution of net exports of goods and services to GDP growth reached 10.2%. It is estimated that the annual contribution will be about 10.5%, the highest level since 2008.

Third, the proportion of general trade continued to rise. In international trade statistics 2014, China's annual import and export of general trade was 2.31 trillion us dollars, an increase of 5.3%, accounting for 53.8% of the total import and export of the country, an increase of 1 percentage point compared with 2013, the proportion of which has increased for two consecutive years.Imports and exports of processing trade reached us $1.41 trillion, up 3.8 percent, 2.7 percentage points faster than that of 2013.

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