In 2015, China’s total foreign trade exceeded 24 trillion yuan

According to data released by the Customs, imports fell by 4% in December 2015, the smallest decline since December 2014, while December exports rose by 2.3% year-on-year, which is the year-on-year rise since February 2015. Both are far better. Market expectations.

When the news came out, many foreign media used the word "surprise" to describe it and attributed this warming to the devaluation of the ***. In response, Huang Songping, a spokesman for the General Administration of Customs, said that in December, exports rose or because of hikes, *** weakness helped export, but the impact of the weak *** on exports will gradually decline, and the exchange rate will be closely watched in the future. In addition, he also stressed that the rise in exports in December was temporary and did not represent a trend. Export pressure remained high in the first quarter of 2016.

It is worth noting that the total value of imports and exports for the year decreased by 7% year-on-year, which is the first time since China's imports and exports in six years since 2009.

Bai Ming, deputy director of the International Market Research Department of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, also stressed in an interview that he should not overinterpret the data for a month. He believes that the weak *** does have a positive effect on foreign trade, but the *** exchange rate is subject to a variety of factors, and in the long term it cannot be used as the main factor supporting the recovery of trade data.

Although there are market institutions predicting that the surprise in December will continue in the future, in Bai Ming’s view, future trade data is still under pressure, and the rebound in December may not be sustainable.

First, look at the annual data. In 2015, the total value of China's goods import and export was 24.59 trillion yuan, which was 7% lower than 2014. Among them, exports were 14.14 trillion yuan, a decrease of 1.8%; imports were 10.45 trillion yuan, a decrease of 13.2%; trade surplus was 3.69 trillion yuan, an increase of 56.7%.

Unlike the general situation in the past 30 years of reform and opening up, in the vast majority of the 2015 months, both the import and export data have maintained a substantial decline.

At the press conference held on January 13, 2016, Huang Songping said: “In 2015, the overall recovery of the global economy was weak and the outlook was difficult and difficult. The downward pressure on the domestic economy was great and the development of foreign trade entered a new normal.”

In addition to the double drop in data, another outstanding performance of the new normal is that China’s imports and exports to traditional major trading partners have all fallen sharply, while maintaining a good level of trade in emerging market countries.

In 2015, bilateral trade between China and the European Union and Japan dropped by 7.2% and 9.9%, respectively, and these two are China’s first and fifth largest trading partners respectively.

Huang Songping explained that the current economic conditions in emerging market countries are relatively good and the political situation is relatively stable, which has promoted the development of trade between China and these emerging markets. Emerging markets have also gradually become an important direction for China’s exports.

Compared with the United States, the European Union, and Japan, China’s dollar-denominated export performance was fair, falling only by 2.5%.

In 2015, China will continue to maintain its leading position in the global value of goods trade, and its export market share will also reach 13%, which will continue to increase compared to the previous year.