Pay attention to the latest foreign trade data released by China's neighboring countries to see which country has the fastest growth

On the 15th local time, the United Nations Conference on Trade and Development released the trade and development report 2021. The report points out that compared with most countries, China has recovered earlier and stronger in the field of import and export. In the first half of this year, China's monthly trade flow was more than 10% higher than the pre epidemic level; East Asia's economy will be the most resilient in 2020. It is expected that East Asia's economic growth will reach 6.7% in 2021, mainly driven by China.

Recently, Japan, South Korea, Vietnam, India, Indonesia, Russia and other neighboring countries have successively released the latest foreign trade data. The data show that although the epidemic situation in various countries continues and the tension in supply chains such as logistics has not been alleviated, the import and export of most countries show a high-speed growth momentum.

While clearly aware of many uncertain, unstable and unbalanced factors in the development of foreign trade, foreign trade enterprises should also maintain confidence in the sustained recovery of the world economy and the recovery of growth in the international market.

Japan

Exports grew for six consecutive months

According to the latest data from Japan's Ministry of finance, exports increased by 26.2% year-on-year in August, achieving double-digit growth for the sixth consecutive month, mainly driven by the strong demand for chip manufacturing equipment, but the growth rate slowed down compared with the previous month, mainly due to the deepening impact of the resurgence of the new crown epidemic in Asia. Japan's exports to China in August increased by 12.6% year-on-year, mainly driven by the export of chemicals and semiconductor components.

Over the same period, Japan's imports increased by 44.7%, recording a trade deficit of 635.4 billion yen.

the republic of korea

In August, the export reached the highest level in the same month over the years

According to Yonhap, the data of the South Korean Ministry of trade in September showed that thanks to the strong demand for chips and cars, South Korea's exports reached US $53.2 billion in August, the highest in the same month over the years, with a year-on-year increase of 34.9%. This is the 10 consecutive months of growth in South Korean exports and the six consecutive months of double-digit growth.

In August, South Korea's imports increased by 44% to US $51.5 billion, and South Korea's trade surplus in August was US $1.67 billion, which has been South Korea's trade surplus for 16 consecutive months.

India

In August, exports increased by 40% year-on-year

According to the data released by India's Ministry of Commerce and industry on the 14th, India's exports reached US $33.28 billion in August, an increase of 45.76% compared with us $22.83 billion in the same period last year, and an increase of 28.03% compared with us $25.99 billion in August 2019. In August, India imported US $47.09 billion, up 51.72% from US $31.03 billion in the same period last year. Compared with us $3.985 billion in August 2019, it increased by 18.15%.

Vietnam?

In the first eight months, Vietnam's total import and export increased by 27.2% year-on-year

According to the latest data released by the General Administration of Customs of Vietnam, in the first eight months of 2021, Vietnam's total import and export volume was about US $428.82 billion, a year-on-year increase of 27.2%. Among them, the export was US $212.55 billion, a year-on-year increase of 21.2%, and the import was about US $216.27 billion, an increase of 33.8%. The trade deficit was US $3.71 billion (US $13.69 billion in the same period in 2020).

According to the latest report of Vietnam News Agency on September 7, the latest data of Vietnam's Ministry of industry and trade show that in August this year, Vietnam's total exports were US $26.2 billion (about RMB 169.1 billion), a decrease of 6% compared with the previous month. However, import and export activities recovered strongly in the second half of August. Among them, in the second half of August (August 16-31), the import and export volume reached US $30.49 billion (daily average over US $2 billion), a significant increase of 26.5% (an increase of US $6.39 billion) compared with the first half of August.

Indonesia

Exports hit a 10-year high in August

According to China News Agency, yuvonotone, director of Indonesia's National Bureau of statistics, reported that the country's exports in August reached US $21.42 billion, an increase of 20.95% month on month and 64.10% year-on-year compared with July, the highest monthly export record in 10 years. The sharp increase in exports in August was due to the rise in global commodity prices, including palm oil and coal.

From January to August this year, Indonesia's cumulative export volume was US $142.01 billion, a year-on-year increase of 37.77%.

Thailand

The prospect of further export acceleration is bright

According to Thailand's China Daily, Thailand's export growth rate has not decreased. In July, exports rose another 20.27%, with a cumulative increase of more than 16% in the first seven months. The Ministry of Commerce maintained the goal of increasing exports by 4% in 2021. Zhu Lin, Vice Premier and Minister of commerce, expressed concern about the outbreak of cluster epidemic in manufacturing factories, affecting the export performance in the third quarter. At the same time, the Thai Institute of industry said that if the export industry is free from the impact of the epidemic, production and export are not interrupted, and the shortage of raw materials is avoided, Thailand's exports will further increase. The global economic recovery is expected to boost Thailand's export growth this year. At present, Thailand's exports still maintain a growth momentum, and import and export trade is the key factor to promote Thailand's economy this year.

Malaysia

Foreign trade data in July showed the highest growth rate in a single month

According to dongfang.com and Statistics Bureau of Malaysia, in July 2021, Malaysia's exports increased by 5% year-on-year to rm97.3 billion, showing an increasing trend for 11 consecutive months since September last year; Imports increased by 24% year-on-year to rm83.6 billion; The total trade volume increased by 13% year-on-year to rm181 billion; The trade surplus fell by 45.8% to rm13.7 billion. The trade, export and import data for July recorded the highest growth rate in a single month.

Singapore

Non oil exports increased year-on-year for the eighth consecutive month

According to the foreign trade data of Singapore enterprise development board in July, Singapore's non oil domestic exports (nodX) continued to grow in double digits, with a year-on-year increase of 12.7% in July, but a month on month decrease of 0.9%. This is the eighth consecutive month of year-on-year increase in non oil domestic exports. Although the year-on-year increase in July was lower than 15.9% in June, it was still slightly higher than 12% according to Bloomberg's survey of economists. Seasonally adjusted, non oil domestic exports fell 0.9% month on month in July to S $16.1 billion.

Cambodia

In the first eight months, the export of agricultural products soared by nearly 90% year-on-year

According to the latest report of the Ministry of agriculture, forestry and Fisheries of Cambodia, the export of agricultural products in Cambodia was 5.54 million tons in the first eight months of this year, an increase of 89.7% over 2.92 million tons in the same period last year. From January to August this year, Cambodia's agricultural products were exported to 66 countries and regions, with a total export revenue of US $3.23 billion. The main export agricultural products include rice, rubber, cassava, mango, banana, pepper, cashew nut, corn, palm oil and tobacco.

Laos

China continues to be the largest export destination

The Lao People's Daily reported that in August 2021, Laos's foreign trade totaled US $880 million, including exports of US $428 million, imports of US $452 million and a trade deficit of US $24 million. Gold chain, banana and rubber are the main export commodities; Diesel, vehicles, machinery and equipment are the main imported commodities. In addition, the top three export destinations are China, Vietnam and Thailand.

Russia

In July, the foreign trade surplus hit a record high

According to the data of the General Administration of Customs of Russia, from January to July, Russia's foreign trade surplus increased by 1.6 times year-on-year to US $95.5 billion, of which the surplus in July increased by 27% compared with June to US $23.19 billion, a record high. According to the data of the Russian central bank, the monthly foreign trade surplus exceeded US $20 billion only three times in history (December 2011, January 2012 and February 2012 respectively). From January to July, Russia's foreign trade volume increased by 34.3% year-on-year to US $420.8 billion.

Kazakhstan

From January to July, the trade surplus reached US $10.3 billion

According to ilgaliev, Minister of national economy of Kazakhstan, from January to July 2021, the total import and export value of Kazakhstan's goods trade was US $53.7 billion, a year-on-year increase of 7.4%. Among them, exports amounted to US $32 billion and imports to US $21.7 billion, realizing a trade surplus of US $10.3 billion. The export volume of manufactured products reached US $10.4 billion, a year-on-year increase of 23.4%.

Uzbekistan

From January to July, the foreign trade volume increased by 10.1% year-on-year

According to the website of the National Statistical Commission of Uzbekistan, from January to July 2021, Uzbekistan's foreign trade volume was US $21.564 billion, a year-on-year increase of 10.1%, of which Ukraine's exports were about US $8.118 billion, a decrease of 2%, imports exceeded US $13.446 billion, an increase of 11.9%, and the trade deficit was US $5.328 billion.

Iran

In the past five months, non oil trade increased by 38% year-on-year

According to the General Administration of Customs of Iran, Iran's non oil trade volume reached US $34 billion in the five months from March 21 to August 22, 2021, a year-on-year increase of 38%. The main export destinations of Iran's non petroleum products are China, Iraq, the United Arab Emirates, Turkey and Afghanistan.

Mongolia

In the first July, the total foreign trade increased by nearly 30% year-on-year

Mongolia's "Ikon. Mn" network recently reported that in the first July of 2021, Mongolia's total foreign trade reached US $8.6 billion, an increase of US $1.8 billion (or 27.5%) over the same period last year. Among them, the total export was USD 4.7 billion, an increase of USD 953 million (or 25.2%) over the same period of last year, and the total import was USD 3.8 billion, an increase of USD 896.1 million (or 30.5%) over the same period of last year.

Source: China Economic Net, China news net, website of the Ministry of Commerce, Xinhua Finance, sina finance, Zhejiang trade promotion, import and export manager

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