In August, China'S Foreign Trade Exports Increased By 11.6% And Imports Fell By 0.5%

According to customs statistics, in the first eight months of this year, China's total import and export value of goods trade was 20.05 trillion yuan, down 0.6% compared with the same period last year (the same below), and the decline rate was narrowed by 1.1 percentage points compared with the previous seven months. Among them, export was 11.05 trillion yuan, up 0.8%; import was 9 trillion yuan, down 2.3%; trade surplus was 2.05 trillion yuan, increasing by 17.2%.

In August, China's foreign trade import and export reached 2.88 trillion yuan, an increase of 6%. Among them, exports were 1.65 trillion yuan, an increase of 11.6%; imports were 1.23 trillion yuan, down 0.5%; trade surplus was 416.59 billion yuan, an increase of 74.4%.

The import and export of general trade increased and its proportion increased. In the first eight months, China's general trade import and export reached 12.09 trillion yuan, an increase of 0.5%, accounting for 60.3% of China's total foreign trade, an increase of 0.7 percentage points over the same period last year. Among them, exports were 6.59 trillion yuan, an increase of 2.5%; imports were 5.5 trillion yuan, down 1.7%. Over the same period, the import and export of processing trade decreased by 6.7% to 4.68 trillion yuan. Among them, exports were 2.97 trillion yuan, down 6.6%; imports were 1.71 trillion yuan, down 6.8%. In addition, China's imports and exports in the form of bonded logistics reached 2.43 trillion yuan, an increase of 4.8%. Among them, exports reached 828.55 billion yuan, an increase of 7.8%; imports reached 1.6 trillion yuan, an increase of 3.3%.

Imports and exports to ASEAN, EU and Japan increased, while imports and exports to the United States decreased slightly. In the first eight months, ASEAN was China's largest trading partner. The total trade value between China and ASEAN was 2.93 trillion yuan, an increase of 7%, accounting for 14.6% of China's total foreign trade. Among them, China's export to ASEAN was 1.64 trillion yuan, an increase of 6.9%; China's import from ASEAN was 1.29 trillion yuan, an increase of 7.1%; China's trade surplus with ASEAN was 344.34 billion yuan, an increase of 6.2%. The EU is China's second largest trading partner, with a total trade value of 2.81 trillion yuan, an increase of 1.4%, accounting for 14% of China's total foreign trade. Among them, China's exports to the EU reached 1.72 trillion yuan, an increase of 5.3%; imports from the EU totaled 1.09 trillion yuan, down 4.1%; and the trade surplus with the EU was 628.92 billion yuan, an increase of 26.9%. The United States is China's third largest trading partner. The total value of Sino US trade was 2.42 trillion yuan, down 0.4%, accounting for 12.1% of China's total foreign trade. Among them, China's exports to the United States were 1.87 trillion yuan, down 0.5%; imports from the United States were 549.32 billion yuan, an increase of 0.2%; and the trade surplus with the United States was 1.32 trillion yuan, a decrease of 0.8%. Japan is China's fourth largest trading partner. The total trade value between China and Japan is 1.4 trillion yuan, an increase of 1%, accounting for 7% of China's total foreign trade. Among them, exports to Japan totaled 638.72 billion yuan, an increase of 0.3%; imports from Japan totaled 766.06 billion yuan, an increase of 1.6%; and the trade deficit with Japan was 127.34 billion yuan, an increase of 8.7%.

The import and export of private enterprises increased and their proportion increased. In the first eight months, the import and export of private enterprises reached 9.21 trillion yuan, an increase of 8.5%, accounting for 45.9% of China's total foreign trade value, an increase of 3.9 percentage points over the same period last year. Among them, exports were 6.07 trillion yuan, an increase of 8.3%, accounting for 54.9% of the total export value; imports were 3.14 trillion yuan, an increase of 8.9%, accounting for 34.9% of the total import value. Over the same period, the import and export of foreign-invested enterprises reached 7.74 trillion yuan, down 4.3%, accounting for 38.6% of China's total foreign trade value. Among them, exports were 4.01 trillion yuan, down 6.2%; imports were 3.73 trillion yuan, down 2.2%. In addition, the import and export of state-owned enterprises reached 3.02 trillion yuan, down 13.2%, accounting for 15.1% of China's total foreign trade value. Export decreased by 1.044 trillion yuan, or 945 billion yuan.

The export of mechanical and electrical products, textiles and plastic products increased, while the export of clothing decreased. In the first eight months, China's export of mechanical and electrical products reached 6.47 trillion yuan, an increase of 2.1%, accounting for 58.5% of the total export value. Among them, the export of automatic data processing equipment and its parts was 901.48 billion yuan, an increase of 8.4%; and that of mobile phones was 488.73 billion yuan, an increase of 8.9%. Over the same period, exports of textiles, including masks, totaled 737.55 billion yuan, up 37.8%; clothing, 581.33 billion yuan, down 10.2%; plastic products, 356.53 billion yuan, up 14.5%; furniture, 234.39 billion yuan, up 1.6%; shoes and boots, 152.4 billion yuan, down 25.2%; toys, 127.13 billion yuan, down 1%; bags, 88.74 billion yuan, down 26%. In addition, 36.557 million tons of steel products were exported, a decrease of 18.6%; 607000 vehicles (including chassis) were exported, a decrease of 25.4%.

Imports of iron ore, crude oil, coal, natural gas and soybeans increased and prices fell. In the first eight months, China imported 760 million tons of iron ore, an increase of 11%, an average import price of 652.4 yuan per ton, a decrease of 0.2%; 368 million tons of crude oil, an increase of 12.1%, an average import price of 2306.4 yuan, a decrease of 30.1%; 221 million tons of coal, an increase of 0.2%, an average import price of 493.5 yuan per ton, a decrease of 8.4%; 65.68 million tons of natural gas, an increase of 3.3%, an average import price of 2450.1 yuan per ton, a decrease of 18.1%; soybean 64 739000 tons, an increase of 15%, the average import price was 2718.8 yuan per ton, down 0.4%; plastic of primary shape was 26.234 million tons, increased by 9.4%, the average import price was 8753.5 yuan per ton, down 12.9%; the refined oil was 20.768 million tons, increased by 1.3%, the average import price was 2890.1 yuan per ton, decreased by 23.7%; steel products were 12.189 million tons, increased by 59.6%, the average import price was 5915.1 yuan per ton, decreased by 27.6%; unwrought copper and Copper was 4.272 million tons, an increase of 38.1%. The average import price was 43000 yuan per ton, down 4.9%. In addition, imports of mechanical and electrical products reached 4.05 trillion yuan, an increase of 2%. Among them, there were 333.46 billion integrated circuits, an increase of 22.5%, a value of 1.51 trillion yuan, an increase of 15.3%; 515000 vehicles (including chassis), a decrease of 26.6%, and a value of 172.42 billion yuan, a decrease of 21.6%.