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21.79 trillion yuan! Three keywords reveal where China's foreign trade resilience comes from
2025-07-15 source:CNSO

CCTV News: According to customs statistics, in the first half of this year, China's total import and export value of goods was 21.79 trillion yuan, an increase of 2.9% year-on-year. Since the beginning of this year, in the face of the complex and severe international situation, my country's foreign trade has maintained strong resilience.

The total import and export volume of my country's goods trade increased in the first half of the year, and the quality was improved, and the variables were controllable.

Where does my country's foreign trade resilience come from? It can be explained from the three perspectives of total growth, quality improvement, and variable controllability:

[Total growth]

The overall growth rate of imports and exports of goods in the first half of the year reached 2.9%:

-The growth rate of 2.5% in the first 5 months

-The growth rate of 2.4% in the first 4 months

-The growth rate of 1.3% in the first quarter

The cumulative growth rate gradually rebounded, which also shows that the situation in a single month is significantly improving. Especially in June just past, imports, exports, and imports all achieved growth, especially imports, which turned from negative to positive, and directly drove imports to change from negative to positive growth in the second quarter.

Why does import perform well?

Overall, my country's domestic demand has improved, and as domestic demand expands, it has driven the growth of imports.

On the one hand, domestic industrial production has grown, and the import of machinery, equipment and parts related to industrial production has increased accordingly;

On the other hand, market sales have rebounded, driving the growth of imports of some consumer goods. In the second quarter, the import of food, tobacco, alcohol, cultural and entertainment consumer goods grew rapidly.

From the total, my country's complete industrial system, highly competitive products and super-large-scale markets are all strong engines to promote the sustained growth of foreign trade imports and exports.

[Quality Improvement]

Quality Improvement and Quality Promote the High-Quality Development of Foreign Trade

Since this year, my country's foreign trade product structure has been continuously optimized and upgraded, and more high-end, green and intelligent products have entered the international market.

Taking private enterprises as an example, exports of high-tech products increased by 12.5% year-on-year in the first half of the year, and exports of hard-power products such as ships, automobiles, and special equipment have maintained double-digit growth. In the direction of import, high-end equipment such as petrochemicals and electronics have also maintained good growth. In the first half of the year, my country's foreign trade has both reasonable growth in quantity and effective quality improvement, and high-quality development has been genuine.

The import and export of foreign-funded enterprises have maintained growth for five consecutive quarters

The performance of foreign-funded enterprises is also very impressive. In the first half of the year, my country's foreign-invested enterprises' imports and exports increased by 2.4% year-on-year, maintaining growth for five consecutive quarters. From the semi-annual reports of foreign-funded enterprises, we can not only see that foreign capital shares the dividends of the Chinese market, but also strongly verifies that China has always been an ideal, safe and promising investment destination for foreign businesses.

[Variable controllable]

Variable controllable is due to the influence of many uncertain and unstable factors in the international market. Whether it is an enterprise, the government and other relevant competent departments, they have the ability and methods to adjust production and strategies in a timely manner and respond effectively, which has been verified in practice.

The 50th anniversary of the establishment of diplomatic relations between my country and the EU, with an average daily import and export of over 15 billion yuan. This year marks the 50th anniversary of the establishment of diplomatic relations between my country and the EU, and the trade exchanges between the two sides are also closer. In the first half of this year, my country's imports and exports to the EU were 2.82 trillion yuan, an increase of 3.5% year-on-year.

This total count is calculated to have an average daily import and export of more than 15 billion yuan per day. The current daily trade volume is equivalent to the total foreign trade value for the whole year when diplomatic relations were established.

(CCTV reporter Kong Lingwen)

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