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1-April "home economy" products continue to drive export growth, some labor-intensive products export recovery growth

2021-05-21

1-April, my country's foreign trade development continued to grow, and the "three major plans" of excellent import and export, trade industry integration and smooth trade were comprehensively promoted. The total value of imports and exports reached 11.62 trillion yuan, a year-on-year increase of 28.5%, the scale is at an all-time high. The main features are as follows:

first, the growth rate of imports and exports reached the highest level in the same period in 10 years. 1-April, the country's import and export, export, and import increased by 28.5%, 33.8%, and 22.7% year-on-year (the same below), respectively, of which the growth rate of import and export and export was the highest level since the 2011 of the same period. Compared with the same period in 2019, import and export, export and import increased by 21.8%, 24.8% and 18.4% respectively. The import and export of the April month was 3.15 trillion yuan, the second highest in monthly history.

Second, the deep cultivation of traditional markets and the development of emerging markets have achieved positive results. 1-April, exports to traditional markets such as the European Union, the United States, Japan, and Hong Kong increased by 36.1%, 49.3%, 12.6% and 30.9%, respectively, increasing the overall export growth rate by 16.8 percentage points. Exports to emerging markets such as ASEAN, Latin America and Africa increased by 29%, 47.1% and 27.6% respectively, increasing the overall export growth rate by 8.6 percentage points.

Third, the main body of foreign trade continues to grow, and private enterprises continue to play the main role. 1-April, 61655 new foreign trade operators were filed. The export of private enterprises was 3.53 trillion yuan, an increase of 45%, which increased the overall export growth rate by 23.2 percentage points, accounting for 4.4 percentage points to 55.9% compared with the same period last year.

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