In The First 8 Months Of This Year, China's Foreign Trade Increased By 3.6%

According to customs statistics, in the first 8 months of this year, the total value of imports and exports of China's goods trade was 20 trillion and 130 billion yuan, an increase of 3.6% over the same period last year (the same below). Among them, exports were 10 trillion and 950 billion yuan, an increase of 6.1%; imports of 9 trillion and 180 billion yuan, an increase of 0.8%; trade surplus of 1 trillion and 770 billion yuan, an expansion of 46%.

In August, China's import and export value was 2 trillion and 720 billion yuan, an increase of 0.1%. Among them, exports were 1 trillion and 480 billion yuan, an increase of 2.6%; imports of 1 trillion and 240 billion yuan, a decrease of 2.6%; trade surplus of 239 billion 600 million yuan, an expansion of 41.8%.

In dollar terms, the total value of imports and exports in the first 8 months was 2 trillion and 950 billion US dollars, down 2%. Among them, exports amounted to 1 trillion and 600 billion US dollars, an increase of 0.4%; imports of US $1 trillion and 350 billion, a decrease of 4.6%; a trade surplus of US $259 billion 270 million and an expansion of 37.1%.

In August, China's import and export value was 394 billion 760 million US dollars, down 3.2%. Among them, exports amounted to 214 billion 800 million US dollars, down by 1%; imports of US $179 billion 960 million, down by 5.6%; trade surplus of US $34 billion 840 million, and expansion of 32.5%.

In the first 8 months, China's imports and exports mainly presented the following characteristics:

1. General trade growth and proportion increase. In the first 8 months, China's general trade import and export volume was 12 trillion and 30 billion yuan, an increase of 5.4%, accounting for 59.8% of our total foreign trade, an increase of 1 percentage points over the same period last year. Among them, exports were 6 trillion and 440 billion yuan, an increase of 9.4%; imports of 5 trillion and 590 billion yuan, an increase of 1%; trade surplus of 849 billion 490 million yuan, 1.4 times the increase. Over the same period, the import and export volume of processing trade decreased by 3.3%, or 24.9%, or 5 trillion and 20 billion percentage points, or 1.8 percentage points. Among them, exports of 3 trillion and 180 billion yuan, down 1.6%; imports 1 trillion and 840 billion yuan, down 5.9%; trade surplus of 1 trillion and 340 billion yuan, 4.9% expansion.

In addition, China's import and export of bonded logistics amounted to 2 trillion and 310 billion yuan, an increase of 9.9%, accounting for 11.5% of the total value of our foreign trade. Among them, exports were 767 billion 970 million yuan, an increase of 14%; imports of 1 trillion and 550 billion yuan, an increase of 8%.

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 8 months, the EU is China's largest trading partner, with a total trade value of 3 trillion and 150 billion yuan, an increase of 9.7%, accounting for 15.6% of our total foreign trade. Among them, exports to the European Union amounted to 1 trillion and 900 billion yuan, an increase of 11.8%; from the EU's imports of 1 trillion and 250 billion yuan, an increase of 6.7%; the trade surplus with Europe reached 659 billion 790 million yuan, expanding by 22.9%. ASEAN is the second largest trading partner of China, and the total trade volume with ASEAN is 2 trillion and 740 billion yuan, an increase of 11.7%, accounting for 13.6% of our total foreign trade. Among them, exports to ASEAN amounted to 1 trillion and 530 billion yuan, an increase of 15.7%; from ASEAN to 1 trillion and 210 billion yuan, an increase of 6.9%; ASEAN's trade surplus was 329 billion 500 million yuan, expanding 65.4%.

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 420 billion yuan, down 9%, accounting for 12% of the total value of our foreign trade. Among them, exports to the United States amounted to 1 trillion and 880 billion yuan, down by 3.7%; imports from the United States dropped by 545 billion 10 million, and 23.5%; trade surplus with the United States increased by 1 trillion and 330 billion yuan and 7.7%. Japan is the fourth largest trading partner of China. The total trade volume between China and Japan is 1 trillion and 390 billion yuan, an increase of 0.7%, accounting for 6.9% of the total value of our foreign trade. Among them, exports to Japan amounted to 635 billion 810 million yuan, an increase of 4.7%; from Japan to 752 billion 230 million yuan, a decrease of 2.4%; the trade deficit with Japan was 116 billion 420 million yuan, narrowing 28.8%. Over the same period, China's total imports and exports totaled 9.9% yuan for the countries along the belt and the road, an increase of 9.9%, higher than the national growth rate by 6.3 percentage points, accounting for 29% of the total value of our foreign trade, and the proportion increased by 1.7 percentage points.

Three, the import and export of private enterprises has increased rapidly and the proportion has increased. In the first 8 months, private enterprises imported and exported 8 trillion and 490 billion yuan, an increase of 11.2%, accounting for 42.2% of our total foreign trade, up 2.9 percentage points over the same period last year. Among them, exports amounted to 5 trillion and 610 billion yuan, an increase of 13.7%, accounting for 51.2% of the total value of exports, and imports of 2 trillion and 880 billion yuan, an increase of 6.6%, accounting for 31.3% of the total value of imports. Over the same period, foreign investment enterprises imported and exported 8 trillion and 90 billion yuan, down 1.8%, accounting for 40.2% of our total foreign trade. Among them, exports of 4 trillion and 270 billion yuan, an increase of 0.2%; imports of 3 trillion and 820 billion yuan, down 3.9%.

In addition, the import and export volume of state-owned enterprises was 3 trillion and 480 billion yuan, down 0.1%, accounting for 17.3% of the total value of our foreign trade. Among them, exports were 1 trillion and 60 billion yuan, down 5.4%; imports 2 trillion and 420 billion yuan, an increase of 2.5%.

Four, exports of electromechanical products and labor-intensive products have maintained growth. In the first 8 months, China's mechanical and electrical products exported 6 trillion and 340 billion yuan, an increase of 5.6%, accounting for 57.9% of the total value of exports. Among them, electrical and electronic products exports 2 trillion and 830 billion yuan, an increase of 7%; machinery and equipment 1 trillion and 870 billion yuan, an increase of 3.3%. Over the same period, clothing exports increased by 669 billion 240 million yuan, an increase of 1.2%; textiles 541 billion 10 million yuan, an increase of 6.8%; furniture 239 billion 960 million yuan, an increase of 8.1%; footwear 215 billion 510 million yuan, an increase of 6.4%; plastic products 211 billion 310 million yuan, an increase of 18.2%; toys 129 billion 300 million yuan, an increase of 129 billion 300 million; bags and boxes were growing up; In addition, 44 million 970 thousand tons of steel exports, 4.4% reduction; 790 thousand cars, an increase of 4%.

Five, imports of crude oil, coal and natural gas increased, and the imports of iron ore and soybeans decreased. The average price of imports is about 10 million tons, the increase is 8.1%, the average import price is RMB per ton, and the average import price is increased. The average import price is up to RMB per ton, and the average import price is RMB per ton. The average import price of plastic ton ton increases, the average import price is up to RMB per ton, and the average import price is less than that per ton. In the first 8 months, China imported 6.85 million tons of iron ore, a decrease of 3.5%, an average import price of 644.3 yuan per ton, an increase of 43.3%, a 3.28 billion tons of crude oil, an increase of 9.6%, and an average import price of 3285.7 tons per ton.

In addition, mechanical and electrical products imported 3 trillion and 960 billion yuan, down 3.1%. Among them, 271 billion 940 million integrated circuits, a decrease of 3.8%, worth 1 trillion and 310 billion yuan, a decrease of 0.8%; 700 thousand automobiles, 10.8% reduction, 218 billion 60 million yuan in value, and a decrease of 4.6%.