The quality of foreign trade improved steadily. The annual import and export of goods was 31.5 trillion yuan, an increase of 3.4%. Among them, exports were 17.2 trillion yuan, an increase of 5%, and imports were 14.3 trillion yuan, an increase of 1.6%. The surplus was 2.9 trillion yuan, an increase of 25%. Foreign trade also has several characteristics: First, the vitality of micro-subjects has increased. According to current statistics, there are 499,000 enterprises with import and export performance, an increase of 6.2% over the same period in 2018. Second, the “five optimizations” and “three constructions” have been further promoted, and exports to emerging markets, central and western regions, private enterprises, and general trade have grown faster than the overall export level. It is particularly worth noting that the proportion of imports and exports of private enterprises has risen to 43.3%, and private enterprises became the largest entity for the first time, of which exports accounted for 51.9%, and more than half of the exports were undertaken by private enterprises.
Among them, the import and export of cross-border e-commerce and market procurement increased by 38.3% and 19.7% respectively. Third, the expansion of imports has achieved remarkable results. Imports of consumer goods increased by 19%, of which imports of pharmaceuticals, cosmetics, and aquatic products increased by 25.8%, 38.8%, and 37.6% respectively, which greatly enriched the supply of consumer goods markets and better met people’s needs for a better life. need.
Fourth, the deficit in trade in services has narrowed. In the past, the trade in goods has always been in surplus, and the deficit in trade in services was relatively large. However, from January to November 2019, the import and export of service trade was 4.9 trillion yuan, an increase of 2.1%, and it is expected to remain the world’s second largest for six consecutive years. The deficit narrowed by 10.5%.