According to customs statistics, in the first eight months of this year, the total import and export value of China’s goods trade was 20.13 trillion yuan, an increase of 3.6% over the same period last year. Among them, exports reached 10.95 trillion yuan, up 6.1%; Imports were 9.18 trillion yuan, an increase of 0.8%; The trade surplus was 1.77 trillion yuan, an increase of 46%.
In August, China’s total import and export value was 2.72 trillion yuan, an increase of 0.1%. Among them, the export was 1.48 trillion yuan, an increase of 2.6%; Imports were 1.24 trillion yuan, down 2.6%; The trade surplus was 239.6 billion yuan, up 41.8%.
In dollar terms, in the first eight months, China’s total import and export value was 2.95 trillion US dollars, down 2%. Among them, exports were 1.6 trillion US dollars, up by 0.4%; Imports were 1.35 trillion US dollars, down 4.6%; The trade surplus was $259.27 billion, an increase of 37.1%.
In August, China’s total import and export value was $394.76 billion, down by 3.2%. Among them, exports were US$ 214.8 billion, down 1%; Imports reached US$ 179.96 billion, down 5.6%; The trade surplus was $34.84 billion, an increase of 32.5%.
In the first eight months, China’s foreign trade import and export mainly showed the following characteristics:
1. General trade has increased and its proportion has increased.In the first eight months, China’s general trade import and export was 12.03 trillion yuan, up 5.4%, accounting for 59.8% of China’s total foreign trade, up 1 percentage point over the same period last year. Among them, exports were 6.44 trillion yuan, an increase of 9.4%; Imports were 5.59 trillion yuan, an increase of 1%; The trade surplus was 849.49 billion yuan, an increase of 1.4 times. In the same period, the import and export of processing trade was 5.02 trillion yuan, down 3.3%, accounting for 24.9%, down 1.8 percentage points. Among them, exports were 3.18 trillion yuan, down 1.6%; Imports were 1.84 trillion yuan, down 5.9%; The trade surplus was 1.34 trillion yuan, up 4.9%.
In addition, China’s import and export by bonded logistics amounted to 2.31 trillion yuan, an increase of 9.9%, accounting for 11.5% of China’s total foreign trade. Among them, the export was 767.97 billion yuan, up by 14%; Imports reached 1.55 trillion yuan, an increase of 8%.
Second, the growth of imports and exports to major markets such as the European Union, ASEAN and Japan, and the growth rate of imports and exports to countries along the "Belt and Road" is higher than the whole.In the first eight months, the EU was China’s largest trading partner, with a total trade value of 3.15 trillion yuan, up 9.7%, accounting for 15.6% of China’s total foreign trade. Among them, exports to the EU reached 1.9 trillion yuan, up by 11.8%; Imports from the EU reached 1.25 trillion yuan, up by 6.7%; The trade surplus with Europe was 659.79 billion yuan, an increase of 22.9%. ASEAN is China’s second largest trading partner, with a total trade value of 2.74 trillion yuan, up by 11.7%, accounting for 13.6% of China’s total foreign trade. Among them, exports to ASEAN reached 1.53 trillion yuan, up by 15.7%; Imports from ASEAN reached 1.21 trillion yuan, an increase of 6.9%; The trade surplus with ASEAN was 329.5 billion yuan, an increase of 65.4%.
The United States is China’s third largest trading partner, and the total trade value between China and the United States is 2.42 trillion yuan, down 9%, accounting for 12% of China’s total foreign trade value. Among them, exports to the United States were 1.88 trillion yuan, down 3.7%; Imports from the United States were 545.01 billion yuan, down by 23.5%; The trade surplus with the United States was 1.33 trillion yuan, an increase of 7.7%. Japan is China’s fourth largest trading partner, with a total trade value of 1.39 trillion yuan, up 0.7%, accounting for 6.9% of China’s total foreign trade. Among them, exports to Japan reached 635.81 billion yuan, up by 4.7%; Imports from Japan were 752.23 billion yuan, down 2.4%; The trade deficit with Japan was 116.42 billion yuan, narrowing by 28.8%. In the same period, China’s total import and export to countries along the "Belt and Road" was 5.83 trillion yuan, up 9.9%, 6.3 percentage points higher than the overall national growth rate, accounting for 29% of China’s total foreign trade, and the proportion increased by 1.7 percentage points.
Third, the import and export of private enterprises grew rapidly, and their proportion increased.In the first eight months, the import and export of private enterprises was 8.49 trillion yuan, up 11.2%, accounting for 42.2% of China’s total foreign trade, up 2.9 percentage points over the same period last year. Among them, exports were 5.61 trillion yuan, up 13.7%, accounting for 51.2% of the total export value; Imports reached 2.88 trillion yuan, up 6.6%, accounting for 31.3% of the total import value. In the same period, the import and export of foreign-invested enterprises was 8.09 trillion yuan, down 1.8%, accounting for 40.2% of China’s total foreign trade. Among them, exports were 4.27 trillion yuan, an increase of 0.2%; Imports reached 3.82 trillion yuan, down 3.9%.
In addition, the import and export of state-owned enterprises was 3.48 trillion yuan, down 0.1%, accounting for 17.3% of China’s total foreign trade. Among them, exports were 1.06 trillion yuan, down 5.4%; Imports reached 2.42 trillion yuan, up 2.5%.
4. Exports of mechanical and electrical products and labor-intensive products maintained growth.In the first eight months, China’s mechanical and electrical products exported 6.34 trillion yuan, up 5.6%, accounting for 57.9% of the total export value. Among them, the export of electrical and electronic products was 2.83 trillion yuan, an increase of 7%; Mechanical equipment was 1.87 trillion yuan, an increase of 3.3%. In the same period, clothing exports reached 669.24 billion yuan, an increase of 1.2%; Textiles reached 541.01 billion yuan, up by 6.8%; Furniture was 239.96 billion yuan, an increase of 8.1%; Footwear was 215.51 billion yuan, up 6.4%; Plastic products reached 211.31 billion yuan, up by 18.2%; Toys were 129.3 billion yuan, up 33.7%; Luggage was 120.6 billion yuan, an increase of 5.6%; The total export of the above seven categories of labor-intensive products was 2.13 trillion yuan, up by 7.3%, accounting for 19.4% of the total export value. In addition, steel exports were 44.97 million tons, a decrease of 4.4%; There were 790,000 cars, an increase of 4%.
5. Imports of crude oil, coal, natural gas and other commodities increased, imports of iron ore and soybeans decreased, and the average import price of bulk commodities rose and fell.In the first eight months, China imported 685 million tons of iron ore, down by 3.5%, and the average import price was 644.3 yuan per ton, up by 43.3%. Crude oil was 328 million tons, up 9.6%, and the average import price was 3,285.7 yuan per ton, down 0.1%. 220 million tons of coal, up 8.1%, and the average import price was 537.6 yuan per ton, down 6.2%; Natural gas was 63.04 million tons, up by 10.3%, and the average import price was 2988.4 yuan per ton, up by 15.7%. Soybean was 56.32 million tons, down 9.2%, and the average import price was 2731.9 yuan per ton, down 1.7%; Primary plastic was 23.99 million tons, up 11.1%, and the average import price was 10,000 yuan per ton, down 11%. Refined oil was 20.49 million tons, down 6.3%, and the average import price was 3,790.4 yuan per ton, down 0.6%; 7.64 million tons of steel, down by 12.8%, and the average import price was 8,172.8 yuan per ton, up by 0.6%; The unwrought copper and copper products were 3.09 million tons, down by 10.8%, and the average import price was 45,400 yuan per ton, down by 3.5%.
In addition, the import of mechanical and electrical products was 3.96 trillion yuan, down 3.1%. Among them, there were 271.94 billion integrated circuits, a decrease of 3.8% and a value of 1.31 trillion yuan, a decrease of 0.8%; There were 700,000 automobiles, a decrease of 10.8% and a value of 218.06 billion yuan, a decrease of 4.6%.