"The total import and export value of China's goods trade is 20.29 trillion yuan in the first three quarters, an increase of 16.6%." The spokesman of the General Administration of Customs Huang Songping introduced at the press conference held by State Council Information Office on 13th that the import and export are stabilizing and consolidating in good momentum, and the quality and benefit are increasing. It is estimated that the annual import and export is expected to achieve a double-digit growth.

The reasons for China's foreign trade to be better in the first three quarters include the good international environment. Since this year, the European and American economies have continued to recover. The economic trend of Russia and India was also good in emerging markets. The steady domestic economy and increased quality and efficiency promoted imports to continue to increase. The industrial value added year-on-year growth increased by 0.7% and the year-on-year profit growth of industrial enterprises above designated size increased by 13.2% over the same period last year from January to August.

In addition, the steady progress of "The Belt and Road" has played an important role in promoting the overall import and export trade. In the first three quarters, the import and export growth of China and the countries along the "The Belt and Road" was 20.1%, 3.5% higher than the same period of import and export in China. The effects of policy measures issued to promote the steady growth of foreign trade continued to emerge, and the domestic business environment continued to improve. The import and export growth of private enterprises was 17.8% in the first three quarters, accounting for 38.5% of China's total foreign trade, an increase of 0.4 %.

In the first three quarters, the import and export showed some new changes in the structural optimization, quality and benefit enhancement and other aspects.

The trade structure continued improvement. The trade ways were more reasonable and the total import and export value of general trade increased by 18.1%, accounting for 56.6% of China's total foreign trade, an increase of 0.7%. The import and export market tended to diversify, growth of 17% to Europe, Japan and other traditional fields, 23.4% to the Latin American countries, and 19.7% to the African countries.

Good progress has been made in the aspect of excellent import and export. In the terms of export, China's textile, clothing and other 7 types of traditional labor-intensive products exports increased by 9.4% with good competitive advantages. At the same time, some high value-added mechanical and electrical products and equipment manufacturing exports have also maintained a good growth momentum, among them the export cars increased by 28.5%, the export ships increased by 12.2% and medical instruments and apparatus increased by10.8%, showing that the ability of independent innovation of Chinese enterprises gradually increased and the new advantages in international competition emerged.

In terms of import, the import of energy and resource products in the first three quarters increased steadily. The import of crude oil, iron ore and natural gas increased by 12.2%, 7.1% and 22.3% respectively. The import of some important equipment and other high-tech products grew rapidly.