According to data released by the General Administration of Customs on the January 14, China's foreign trade import and export scale reached an all-time high of 30.51 trillion yuan in 2018. However, December of foreign trade significantly less than expected: December China's foreign trade 26,748.700 million yuan, down 1.2% year-on-year. Following a sharp decline in foreign trade data in November, foreign trade data fell again in December 2018 and entered a negative growth range.
Customs expects that this year's external environment is complex and severe, uncertain, unstable factors are still more, coupled with the base of the elevation and other objective factors, the growth rate of foreign trade may have slowed down.
In RMB, China's foreign trade in December 26,748.700 million yuan, a decrease of 1.2% yoy, the export of 15,349.3 trillion yuan, an increase of 0.2% on the same year, imports 11,399.400 million yuan, a decrease of 3.1%.
In US dollars, December 2018 foreign trade 3,854 400 million, down 5.8% year on, with exports of 2,212.500 million dollars, a decrease of 4.4% year earlier, and an import of 1,641 900 million. At the January 14 news conference, the General Administration of Customs press spokesman, Li Quiwen, director of the statistical analysis Department, pointed out that in the fourth quarter of 2018, China's foreign trade import and export increased 8.8% year-on-year, compared with the three quarter year-on The objective factor of last year's base elevation was the most important reason for the four-quarter year-on-year growth rate, compared with the three quarter, the 2018 four quarter of China's foreign trade import and export base up 5%.