Recently, in interviews, industry experts and scholars generally believed that there is no need to worry too much about the decline in single-month foreign trade data.
"The foreign trade data fluctuates greatly in a single month. This is a reflection of the volatility of the economic cycle after the epidemic, and is also affected by holiday factors and seasonal factors." Mr. Liu, deputy director of the Macroeconomic Research
Department of the China Center for International Economic Exchanges, analyzed to reporters that in dollar terms, Exports in March this year fell by 7.5% year-on-year, 15.7 and 13.1 percentage points lower than those in January and February respectively. The main reason was the impact of the high base effect in the early period. In U.S. dollars, exports in March last year increased by 14.8% year-on-year; in terms of March volume alone, the export value in March was US$279.68 billion, second only to the historical high of US$302.45 billion in the same period last year. Export growth has maintained the same level since last year. of resilience. In addition, there is also the impact of the Spring Festival misalignment. The small export peak that occurred before the Spring Festival this year has continued into the Spring Festival. Exports in January were about 307.6 billion U.S. dollars, and exports in February fell back to about 220.2 billion U.S. dollars, forming a certain overdraft for exports in March. effect. "Generally speaking, the current export growth momentum is still relatively strong. The driving force behind this is the recent recovery in external demand and the domestic policy of stabilizing foreign trade."
How to consolidate the comprehensive competitive advantage of foreign trade and make greater efforts to stabilize the export market? Mr. Liu suggested: First, strengthen bilateral or multilateral high-level dialogue, respond to the concerns of the business community in a timely manner, seize the opportunity when the demand for restocking is released, focus on consolidating traditional markets, and ensure the stability of the basic trade; second, expand the markets of emerging markets and developing countries, and use RCEP and others have signed economic and trade rules, give full play to the role of international transportation channels such as China-Europe freight trains, and support foreign trade companies in laying out foreign trade networks, including exploring the markets of countries along the "Belt and Road" and expanding markets in ASEAN, Central Asia, West Asia, Latin America, and Africa. , and cooperate with enterprises from the United States, Europe, Japan, South Korea and other countries to develop third-party markets; third, promote the development of new trade formats and models. By optimizing customs clearance, port and other management measures, we will promote cross-border trade facilitation, actively develop intermediate goods trade, service trade, and digital trade, make good use of cross-border e-commerce, overseas warehouses and other trade platforms, and accelerate the cultivation of new momentum for foreign trade.
Post time: May-10-2024