What Is The Overall Situation of Foreign Trade in The First 2 Months of 2023?

The first two months of this year, China's total import and export value of $ 895.72 billion, a decline of 8.3%. Among them, exports of 506.3 billion U.S. dollars, down 6.8%; imports of 389.42 billion U.S. dollars, down 10.2%; trade surplus of 116.88 billion U.S. dollars, an expansion of 6.8%.

In addition, according to the State Administration of Foreign Exchange website on the 7th, the State Administration of Foreign Exchange announced the data on the size of foreign exchange reserves at the end of February 2023.

According to the data, as of the end of February 2023, the size of China's foreign exchange reserves was US$313.32 billion, down US$51.3 billion or 1.61% from the end of January. in February 2023, influenced by global macroeconomic data, monetary policy expectations of major economies and other factors, the U.S. dollar index rose and global financial asset prices generally fell.

Under the combined effect of factors such as exchange rate translation and asset price changes, the size of foreign exchange reserves fell in the month. China's efforts to promote a steady rebound in the economy and promote high-quality development, the economy has great potential and development momentum, which is conducive to the size of foreign exchange reserves to maintain basic stability.