Abstract: In recent years, despite the challenges of slowing global economic growth and rising trade protectionism, China's international trade market has maintained steady growth. From January to August 2024, the total import and export value of goods in mainland China reached 28.58 trillion yuan, an increase of 6.0%. Among them, exports were 16.46 trillion yuan, an increase of 6.9%; imports were 12.13 trillion yuan, an increase of 4.7 percent. The trade surplus was 4.32 trillion yuan, an increase of 13.6 percent.
Keywords: international trade, trade, import and export trade, world trade
1. Overview of the international trade industry
International trade, also known as trade, refers to the transaction of goods and services across national borders, which is generally composed of import trade and export trade, so it can also be called import and export trade. International trade, also known as world trade, is the main form of interconnection between countries (or regions) on the basis of the international division of labor, reflecting the economic interdependence of countries (or regions) in the world, and is composed of the sum of foreign trade of various countries. International trade can regulate the utilization rate of domestic factors of production, improve the relationship between supply and demand in the world, adjust the economic structure, increase fiscal revenue, etc., and play an important role for a country's citizens, enterprises, countries, and the whole world.
There are various ways to classify international trade, and international trade can be divided into import trade, export trade, and transit trade according to the direction of commodity movement. where import trade and export trade are in terms of both sides of each transaction; Transit trade refers to the goods of country A being transported through the territory of country C to the market of country B for sale, which is transit trade for country C. Because transit trade hinders international trade, WTO member countries do not engage in transit trade with each other. According to the form of goods, international trade can be divided into tangible trade and intangible trade. International trade can be classified as direct, indirect or entrepot according to the presence or absence of third countries. In addition, it can be classified by the content of the trade or the number of countries participating in the trade.
International trade is an important part of the national economy, and promoting the stable scale and optimal structure of international trade plays an important supporting role in stabilizing growth and employment, building a new development pattern, and promoting high-quality development. In the past two years, the mainland's international relations have undergone major and far-reaching changes, with business operations generally stable, domestic consumption continuing to recover, foreign trade stabilizing and improving quality, the use of foreign capital to optimize the structure, foreign investment to innovate and develop, and new progress in multilateral and bilateral economic and trade cooperation, making positive contributions to the sustained economic recovery. In the face of an increasingly complex international trade environment, the mainland has formulated trade policies applicable to different industries or different categories of commodities in accordance with the development needs of different industries, the demand and supply of different commodities at home and abroad, and the competitiveness of the world market, so as to promote the process of trade facilitation and liberalization. Since the implementation of the 14th Five-Year Plan, the government has taken more measures to simplify customs clearance procedures, improve customs clearance efficiency, and reduce enterprise costs. At the same time, we will strengthen cooperation and exchanges with international organizations to promote the improvement and development of the global trading system.
Note: This article is excerpted from the "Research and Judgment 2024! China's International Trade Industrial Policy Overview, Import and Export Status and Future Prospect Analysis: China's Total Import and Export Trade Maintains Steady Growth, Digital Transformation Promotes the Industry to a Higher Level [Figure]" industry analysis article, if you want to get the full content of the industry article, you can enter the official website of Zhiyan Consulting to search and view.
Based on authoritative data released by the National Bureau of Statistics, government agencies and industry associations, the "China International Trade Industry Panorama Research and Competitive Pattern Forecast Report" released by Zhiyan Consulting combines the collection and analysis of global data such as in-depth research data, expert feedback data, and internal operation data to improve the efficiency of customers' business decision-making. This report makes an in-depth investigation and research on the current situation and market of China's international trade industry, and makes a prudent judgment on the future development prospects and trends according to the development trajectory of the industry, which provides a crucial decision-making reference for investors to find new market investment opportunities and enter the investment layout of the international trade industry.
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