General Administration of Customs: National processing trade import and export data for the first three quarters released

Recently, the relevant person in charge of the General Administration of Customs introduced that processing trade, as an important part of my country's foreign trade and open economy, plays an important role in promoting opening to the outside world, promoting industrial upgrading, stabilizing industrial and supply chains, ensuring employment, and improving people's livelihood. important role.

However, as my country's economic development enters the new normal, the "two ends outside" development model of processing trade is no longer compatible with the construction of a new development pattern in which the domestic cycle is the main body and the domestic and international dual cycles promote each other. The proportion of foreign trade has also increased from its highest level More than "half of the country" dropped to about one-fifth.

In the first three quarters of 2023, the total import and export value of the country's processing trade was 5.57 trillion yuan, accounting for 18.1% of the country's total foreign trade import and export value.

Processing trade is a method of importing raw materials, materials or parts in various ways, using the country's production capacity and technology to process them into finished products and then export them, thereby obtaining added value reflected in foreign exchange.

Depending on the characteristics of the business undertaken, common processing trade methods include: processing with imported materials, processing with supplied materials, assembly business and collaborative production.

At present, the cost of resources such as labor and land in my country is rising, and the pace of economic and trade structure transformation is accelerating. The development of processing trade, which traditionally relies on the price advantage of resource factors, has been affected to a certain extent. Coupled with the downturn in the international market, the proportion of processing trade in my country's foreign trade has declined, and general trade has became the main mode of trade.

Whether we should pay attention to the development of "no brand, no channel, low profit" processing trade has become an important issue in promoting high-level opening up to the outside world.