Foreign Trade Updates
Zengcheng Customs (Huangpu Customs) launched the Xintang-Shekou combined port model, reducing logistics costs (saving ~350 yuan/box for Guangzhou Fuyao Glass), cutting transit time, and boosting Xintang Port's import/export (up 146% Jan-Feb 2026). Customs uses facilitation measures to improve efficiency.
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3月12日黑色系期货上涨,受宏观(国际能源署释放战略油储、油价上涨)和成本驱动;行业面钢贸销量增、钢厂调价、烧结矿库存降;建筑复工率42.5%;钢价呈波动强势趋势。
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In the first two months of 2026, China's goods trade imports and exports reached 7.73 trillion yuan (up 18.3% YoY). High-tech exports rose 24.3%, private enterprises' trade grew 22.8%, and Belt and Road trade increased 20%. Foreign trade maintained a stable, progressive trend driven by policy dividends and diversified markets.
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On March 11, Hainan's zero tariff policy for residents' imported consumer goods marked its one-month implementation. Haikou Customs stats show 28,000 shoppers with total 5.3731 million yuan. Duty-free shops expanded products, launched promotions; customs ensured quick clearance and info supervision. Future plans optimize services for more residents.
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During the 14th Five-Year Plan period, Fujian's private enterprises' foreign trade reached 5.58 trillion yuan (up 87.98%), accounting for 57.83% of the province's total. Key imports/exports include bulk commodities, new energy products, and agricultural goods. Xiamen Customs provided policy support, with typical firms like Zhangzhou Songlin and Changtai Jinnuo seeing growth.
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Tongling Customs (subsidiary of Hefei Customs) inspected 877.3 tons of imported copper concentrate; arsenic content exceeded specified limit by 18%. Per relevant regulations, the unqualified batch has been returned from the port under customs supervision.
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On February 5th, Baoji Customs announced Shaanxi Xinyu Furniture, the first Baoji enterprise to obtain outbound bamboo, wood and grass product production registration. Customs provided "one enterprise, one policy" and "online+offline" services, helping the company reach cooperation with Kazakhstan and Kyrgyzstan, filling Baoji's furniture export qualification gap. It will continue optimizing services to promote "Baoji Manufacturing" overseas.
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Recently, Caofeidian Customs and Tangshan Customs Anti-Smuggling Branch found an inbound vessel crew member hiding undeclared cigarettes (88 cartons, 11600 sticks). The case was transferred to anti-smuggling department. Customs has duty-free rules for inbound cigarette carrying (400 sticks for general passengers, 200 for HK/Macao entrants).
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On March 8, Huangdao Customs supervised the export of a 120000-ton lift floating dock built by China Shipbuilding Qingdao Beihai Shipbuilding via "anchorage direct loading" to Freeport Port, Bahamas. It's a luxury cruise maintenance equipment for Carnival Royal Caribbean, becoming the largest in Western Hemisphere. Customs tailored a supervision plan to solve loading challenges, reducing logistics costs.
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Qingdao Customs reports Shandong's Jan-Feb 2026 imports/exports hit 548.13B yuan (+9.9% YoY). Key points: 11 cities up (8 double-digit), general trade >60%, private enterprises ~75.8%, growth with Russia/EU/Australia/Brazil, Belt and Road/RCEP trade up, electromechanical/agricultural exports grow, crude oil/metal ore imports up double-digit.
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On March 9th, Huangdao Customs (under Qingdao Customs) partnered with local authorities to conduct a policy door-to-door activity for nearly 40 shipbuilding/offshore enterprises, offering customized services via policy interpretation, case analysis, Q&A, covering customs regulations, processing trade, etc., to facilitate policy implementation and support enterprise compliance.
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The "Shunyi Tour of Multinational Pharmaceutical Companies" dialogue in Beijing’s Shunyi District focused on facilitating imports of clinically urgent rare disease drugs. It gathered government, medical, and pharmaceutical stakeholders to discuss policies, highlighting Beijing’s pilot zone, Shunyi’s pharmaceutical industry growth, and Tianzhu Port’s role as a key trade hub.
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Latest information on bulk raw materials covers China's Feb auto exports (672k units, NEV 282k), US Feb CPI (0.3% mom, 2.4% yoy), energy (oil prices surge, IEA reserves release), chemical industry projects (phosphate, lithium), and updates on rubber, textile, steel, etc.
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On March 11, Shengyi Steel Index was 840 points. On March 10, SHFE stainless steel warehouse receipts decreased. The 15th Five-Year Plan emphasizes optimizing traditional industries like steel. In Jan-Feb 2026, China's steel exports/imports fell year-on-year, while iron ore imports rose.
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On March 8th, the News Center of the 4th Session of the 14th NPC held a press conference. Wang Yi (Minister of Foreign Affairs) answered questions on China's foreign policy and foreign relations, focusing on China-Europe relations (warming ties, trade over $1trn), Belt and Road high-quality development, and 15th Five-Year Plan-related diplomatic efforts.
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Jiaxing Customs assisted in adding an exclusive tariff code for hydrocarbon biodiesel (produced by Blue Whale Bioenergy), facilitating exports, cutting costs, and supporting green energy development, aligning with national efforts on correct political achievements.
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On March 9, 2026, the 100th TIR vehicle loaded with chandeliers left Ruian, Wenzhou for Moscow under customs supervision, marking a new opening high. Wenzhou (Zhejiang's first TIR city) has 18 routes to 4 countries; TIR advantages boost foreign trade, customs promotes smart supervision to support local economy.
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On March 10, 2026, Yixin Europe China Europe freight trains departed Yiwu for Moscow and Uzbekistan. From Jan-Feb 2026, it shipped 572 trains (47k TEUs, up 10.21%/9.43% YoY). Commodity structure upgraded (new energy vehicles, photovoltaic modules), cultural & creative products are hot. Digital customs clearance supports growth. Hangzhou Customs will further optimize services.
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The 2026 government work report promotes intelligent manufacturing. China's washing machine industry transforms from scale to quality, with growing global exports (2025 emerging market growth). Enterprises innovate (smart features, differentiated products) while customs provide support (AEO, green channels). It becomes a global supply chain core, offering Chinese solutions for smart living.
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Zhejiang, China's largest Middle East export province, faces impacts from tense Middle East situation: suspended orders, 82%+ month-on-month freight rate hike, stranded containers. Enterprises respond by exploring African markets, adjusting logistics; customs and CCPIT provide assistance.
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