China's Trade Surplus In July Reached 310 Billion 260 Million Yuan, An Increase Of 79% Over The Same Period Last Year.

China's trade surplus amounted to 310 billion 260 million yuan in July.

According to customs statistics, in the first 7 months of this year, the total value of imports and exports of China's goods trade was 17 trillion and 410 billion yuan, an increase of 4.2% over the same period last year (the same below). Among them, exports were 9 trillion and 480 billion yuan, an increase of 6.7%; imports of 7 trillion and 930 billion yuan, an increase of 1.3%; trade surplus of 1 trillion and 550 billion yuan, an expansion of 47.4%. In July, China's import and export value was 2 trillion and 740 billion yuan, an increase of 5.7%. Among them, exports were 1 trillion and 530 billion yuan, an increase of 10.3%; imports of 1 trillion and 210 billion yuan, an increase of 0.4%; trade surplus of 310 billion 260 million yuan, an expansion of 79%.

In the first 7 months of this year, the total value of China's imports and exports was 2 trillion and 560 billion US dollars, down 1.8%. Among them, exports amounted to 1 trillion and 390 billion US dollars, an increase of 0.6%; imports of US $1 trillion and 170 billion, a decrease of 4.5%; a trade surplus of US $225 billion 690 million and an expansion of 38.7%. In July, China's import and export value was 398 billion US dollars, down 0.8%. Among them, exports amounted to 221 billion 530 million US dollars, an increase of 3.3%; imports of US $176 billion 470 million, a decrease of 5.6%; a trade surplus of US $45 billion 60 million and an expansion of 63.9%.

In the first 7 months, China's imports and exports mainly presented the following characteristics:

1. General trade growth and proportion increase. In the first 7 months, China's general trade import and export volume was 10 trillion and 400 billion yuan, an increase of 5.7%, accounting for 59.8% of our total foreign trade, an increase of 0.8 percentage points over the same period last year. Among them, exports were 5 trillion and 570 billion yuan, an increase of 10.1%; imports of 4 trillion and 830 billion yuan, an increase of 1.2%; trade surplus of 738 billion 160 million yuan, 1.6 times the increase. Over the same period, the import and export volume of processing trade decreased by 2.3%, or 24.9%, or 4 trillion and 340 billion percentage points, or 1.7 percentage points. Among them, exports of 2 trillion and 760 billion yuan, down 0.8%; imports 1 trillion and 580 billion yuan, down 4.7%; trade surplus of 1 trillion and 180 billion yuan, 4.9% expansion.

In addition, China's import and export of bonded logistics amounted to 2 trillion and 10 billion yuan, an increase of 10.8%, accounting for 11.5% of the total value of our foreign trade. Among them, exports were 665 billion 10 million yuan, an increase of 14.7%; imports of 1 trillion and 340 billion yuan, an increase of 9%.

Two, the growth rate of imports and exports in major markets such as the European Union, ASEAN and Japan is higher than that of the whole country. In the first 7 months, the EU is China's largest trading partner, with a total trade value of 2 trillion and 720 billion yuan, an increase of 10.8%, accounting for 15.6% of our total foreign trade. Among them, exports to the European Union amounted to 1 trillion and 640 billion yuan, an increase of 12.6%; from the EU's imports of 1 trillion and 80 billion yuan, an increase of 8.2%; the trade surplus with Europe reached 559 billion 650 million yuan, expanding by 22.2%. ASEAN is the second largest trading partner of China, and the total trade volume with ASEAN is 2 trillion and 350 billion yuan, an increase of 11.3%, accounting for 13.5% of our total foreign trade. Among them, exports to ASEAN amounted to 1 trillion and 330 billion yuan, an increase of 15.8%; from ASEAN to 1 trillion and 20 billion yuan, an increase of 6%; ASEAN's trade surplus was 301 billion 890 million yuan, expanding 68.7%.

The United States is the third largest trading partner of China. The total trade volume between China and the United States is 2 trillion and 100 billion yuan, down 8.1%, accounting for 12% of the total value of our foreign trade. Among them, exports to the United States amounted to 1 trillion and 620 billion yuan, down by 2.1%; imports from the United States dropped by 473 billion 930 million, and 24%; trade surplus with the United States increased by 1 trillion and 150 billion yuan and 11.1%. Japan is the fourth largest trading partner of China. The total trade volume between China and Japan is 1 trillion and 210 billion yuan, an increase of 1%, accounting for 6.9% of the total value of our foreign trade. Among them, exports to Japan amounted to 554 billion 910 million yuan, an increase of 4.5%; from Japan to 653 billion 520 million yuan, a decrease of 1.8%; the trade deficit with Japan was 98 billion 610 million yuan, narrowing 26.7%. Over the same period, China's total imports and exports totaled 10.2% yuan for the countries along the belt and the road, an increase of 10.2%, higher than the national growth rate by 6 percentage points, accounting for 28.9% of the total value of our foreign trade, and the proportion increased by 1.6 percentage points.

Three, the import and export of private enterprises has increased rapidly and the proportion has increased. In the first 7 months, private enterprises imported and exported 7 trillion and 310 billion yuan, an increase of 11.8%, accounting for 42% of our total foreign trade, up 2.9 percentage points over the same period last year. Among them, exports amounted to 4 trillion and 820 billion yuan, an increase of 14.2%, accounting for 50.9% of the total value of exports, and imports of 2 trillion and 490 billion yuan, an increase of 7.4%, accounting for 31.4% of the total value of imports. Over the same period, foreign investment enterprises imported and exported 7 trillion and 10 billion yuan, down 1.2%, accounting for 40.2% of our total foreign trade. Among them, exports of 3 trillion and 720 billion yuan, an increase of 0.9%; imports of 3 trillion and 290 billion yuan, down 3.5%.

In addition, the import and export of state-owned enterprises was 3 trillion and 30 billion yuan, an increase of 0.8%, accounting for 17.4% of the total value of our foreign trade. Among them, exports were 924 billion 840 million yuan, down 4.1%; imports 2 trillion and 100 billion yuan, an increase of 3%.

Four, exports of electromechanical products and labor-intensive products have maintained growth. In the first 7 months, China's mechanical and electrical products exported 5 trillion and 500 billion yuan, an increase of 6.1%, accounting for 58% of the total value of exports. Among them, electrical and electronic products exports 2 trillion and 440 billion yuan, an increase of 7%; machinery and equipment 1 trillion and 640 billion yuan, an increase of 4.7%. Over the same period, clothing exports increased by 561 billion 260 million yuan, an increase of 2%; textiles 472 billion 70 million yuan, an increase of 7.7%; furniture 210 billion 310 million yuan, an increase of 8.8%; footwear 185 billion 130 million yuan, an increase of 6.8%; plastic products 181 billion 720 million yuan, an increase of 18.2%; bags and boxes 105 billion 70 million yuan, growth of 105 billion 70 million; toys earned yuan yuan, growth; In addition, 39 million 970 thousand tons of steel exports, 2.9% reduction; 680 thousand cars, an increase of 6.3%.

Five, imports of crude oil, natural gas and other commodities increased, and iron ore and soybean imports decreased. The average price of imports increased to 1.6% yuan; the average import price of imports increased to 1.6% yuan per ton; the average import price of natural gas increased by 8 billion yuan; the average import price was up to RMB per ton; the average import price of imports was RMB per ton; the average import price was $10 per ton; the average import price of plastic ton ton increased, the average import price was RMB per ton; the decline was; the average import price of refined oil was less than that per ton. In the first 7 months, China imported 5.9 million tons of iron ore, a decrease of 4.9%, an average import price of 615.9 yuan per ton, an increase of 37.5%, a 2.86 billion tons of crude oil, an increase of 9.5%, and an average import price of 3288.9 tons per ton.

In addition, mechanical and electrical products imported 3 trillion and 410 billion yuan, down 2.5%. Among them, 231 billion 610 million integrated circuits, a decrease of 4.7%, worth 1 trillion and 120 billion yuan, a decrease of 1.2%; 610 thousand automobiles, 9% reduction, 189 billion 600 million yuan in value, and a decrease of 3%.