In 2024, the import and export of private enterprises in China reached 24.33 trillion yuan, an increase of 8.8%.

date
24/02/2025
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GMT Eight
According to the General Administration of Customs, in 2024, the activity level of China's foreign trade enterprises continues to increase, with the number of enterprises with import and export performance reaching a historical high. Among them, the import and export volume of private enterprises reached 24.33 trillion yuan, an increase of 8.8%, accounting for 55.5% of the total value of China's foreign trade, and achieving three "firsts": The first "first" is that the number of private enterprises with import and export performance has exceeded 600,000 for the first time, reaching 609,000, continuously injecting new vitality into foreign trade development. The second "first" is becoming the largest import and export entity of high-tech products in China for the first time. The import and export of high-tech products by private enterprises increased by 12.6%, accounting for 48.5% of the total value of similar products imported and exported in China; among them, the export of high-end equipment such as ships and the import of specialized equipment such as semiconductor manufacturing equipment both achieved growth of over 20%. The third "first" is that the proportion of imported consumer goods in China exceeded 50% for the first time, an increase of 2.8 percentage points to 51.3% year-on-year. Among them, the proportion exceeds 60% in products such as daily chemicals and fruits, making foreign trade more closely related to our daily lives. At the same time, foreign-invested enterprises' import and export show two positive trends: First, the trend is positive, with import and export reaching 12.8 trillion yuan last year, an increase of 1.5%, with the growth rate in the second half of the year accelerating by 2.5 percentage points compared to the first half. Second, confidence is increasing. Since November 1st last year, China has fully cancelled foreign investment access restrictions in the manufacturing sector, which will help foreign-invested enterprises integrate into China's industrial chain faster. Throughout the year, more foreign-invested enterprises have registered with customs for import and export records, with the number increasing by more than 1,600 compared to the previous year, reaching 82,000. China remains a "land of opportunity" for the development of foreign-invested enterprises. In addition, state-owned enterprises continue to act as stabilizers to maintain the stable operation of the economy and market, with imports and exports reaching 6.61 trillion yuan and playing an important role in the import of bulk commodities such as food and energy. This article is reprinted from "CCTV News", GMT8 Editor: Jiang Yuanhua.

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