According to customs statistics, in the first eight months of this year, my country's total import and export value was 27.08 trillion yuan, a slight decrease of 0.1 year-on-year (the same below). Among them, exports were 15.47 trillion yuan, up 0.8 percent; imports were 11.61 trillion yuan, down 1.3 percent; and the trade surplus was 3.86 trillion yuan, up 7.3 percent. In dollar terms, the total value of China's imports and exports in the first eight months of this year was 3.89 trillion billion US dollars, down 6.5 per cent. Of this total, exports were $2.22 trillion, down 5.6 per cent; imports were $1.67 trillion, down 7.6 per cent; and the trade surplus was $553.4 billion, up 0.8 per cent.
in August this year, China's imports and exports were 3.59 trillion billion yuan, down 2.5 percent from a year earlier and up 3.9 percent from a year earlier. Of this total, exports were 2.04 trillion billion yuan, down 3.2 percent from the same period last year and up 1.2 percent from the previous month; imports were 1.55 trillion billion yuan, down 1.6 percent from the same period last year and up 7.6 percent from the previous month; and the trade surplus was 488 billion billion yuan, down 8.2 percent from the same period last year (the same below). In dollar terms, China's imports and exports in August this year 501.38 billion US dollars, down 8.2 per cent. Of this total, exports were $284.87 billion, down 8.8 per cent; imports were $216.51 billion, down 7.3 per cent; and the trade surplus was $68.36 billion, down 13.2 per cent.
This year the first 8 months of China's import and export main features:
The import and export of general trade increased, and the proportion increased. In the first eight months, my country's general trade imports and exports totaled 17.72 trillion billion yuan, an increase of 1.7 percent, accounting for 65.4 percent of China's total foreign trade value, an increase of 1.2 percentage points over the same period last year. Among them, exports of 10.08 trillion yuan, an increase of 2.2; imports of 7.64 trillion yuan, an increase of 1%. During the same period, the import and export of processing trade was 4.85 trillion yuan, down 11.3 percent, accounting for 17.9 percent. Among them, exports of 3.14 trillion yuan, down 9.2; imports of 1.71 trillion yuan, down 14.9. In addition, China's import and export by bonded logistics was 3.5 trillion yuan, up 6.7 percent. Among them, exports of 1.39 trillion yuan, an increase of 12.7; imports of 2.11 trillion yuan, an increase of 3.1.
imports and exports to ASEAN increased, while imports from the EU and the United States increased. In the first eight months, ASEAN was my largest trading partner. The total value of my trade with ASEAN was 4.11 trillion billion yuan, an increase of 1.6 percent, accounting for 15.2 percent of my total foreign trade value. Among them, exports to ASEAN were 2.4 trillion yuan, an increase of 2.8 percent; imports from ASEAN were 1.71 trillion yuan, an increase of 0.03 percent; and the trade surplus with ASEAN was 685.2 billion yuan, an increase of 10.3 percent. The EU is my second largest trading partner. The total value of my trade with the EU was 3.68 trillion billion yuan, down 1.5 per cent, accounting for 13.6 per cent. Among them, exports to the EU were 2.37 trillion yuan, down 4.4 percent; imports from the EU were 1.31 trillion yuan, up 4.3 percent; and the trade surplus with the EU was 1.06 trillion yuan, narrowing 13.4 percent. The United States is my third largest trading partner. The total value of my trade with the United States was 3.05 trillion yuan, down 8.7 percent, accounting for 11.2 percent.
Among the, exports to the United States were 2.27 trillion yuan, down 11.7 percent; imports from the United States were 775.26 billion yuan, up 1.6 percent; and the trade surplus with the United States was 1.5 trillion yuan, narrowing 17.4 percent. Japan is my fourth largest trading partner. The total value of my trade with Japan was 1.45 trillion yuan, down 6.8 percent, accounting for 5.4 percent. Among them, exports to Japan were 724.34 billion yuan, down 2.4 percent; imports from Japan were 724.64 billion yuan, down 10.7 percent; and the trade deficit with Japan was 0.3 billion yuan, narrowing 99.6 percent. During the same period, China's total import and export to "the belt and road initiative" countries totaled 12.62 trillion yuan, up 3.6 percent. Among them, exports were 7.01 trillion yuan, up 9.4 percent, while imports were 5.61 trillion yuan, down 2.9 percent.
The import and export of domestic enterprises maintained growth. In the first eight months, the import and export of private enterprises totaled 14.33 trillion billion yuan, an increase of 6 percent, accounting for 52.9 percent of China's total foreign trade value, an increase of 3 percentage points over the same period last year. Among them, exports were 9.74 trillion billion yuan, up 6.3 percent, accounting for 63 percent of the total export value; imports were 4.59 trillion billion yuan, up 5.3 percent, accounting for 39.5 percent of the total import value. Imports and exports of state-owned enterprises totaled 4.4 trillion yuan, up 0.3 percent, accounting for 16.2 percent of China's total foreign trade value. Among them, exports were 1.25 trillion yuan, up 1.4 percent, while imports were 3.15 trillion yuan, down 0.2 percent. During the same period, the import and export of foreign-invested enterprises was 8.28 trillion yuan, down 9.6 percent, accounting for 30.6 percent of China's total foreign trade value. Among them, exports of 4.46 trillion yuan, down 9.8; imports of 3.82 trillion yuan, down 9.3.
The proportion of exports of mechanical and electrical products was nearly 60%, of which automobile exports grew strongly. In the first eight months, China exported 8.97 trillion billion yuan of mechanical and electrical products, an increase of 3.6 percent, accounting for 58 percent of the total export value. Among them, 849.27 billion yuan for automatic data processing equipment and its parts, down 19 percent; 513.5 billion yuan for mobile phones, down 7.5 percent; and 442.7 billion yuan for automobiles, up 104.4 percent. During the same period, exports of labor-intensive products amounted to 2.71 trillion yuan, down 2.4 per cent, or 17.5 per cent. Among them, clothing and accessories 745.28 billion yuan, down 2.9; plastic products 461.2 billion yuan, up 1.4.
Iron ore, crude oil, coal, natural gas, soybeans and other major commodities imports increased and prices fell. In the first eight months, my country imported 0.776 billion tons of iron ore, an increase of 7.4 percent, and the average import price (the same below) was 783.6 yuan per ton, a decrease of 3.6 percent; crude oil 0.379 billion tons, an increase of 14.7 percent, 4005.7 yuan per ton, a decrease of 16.8 percent; coal 0.306 billion tons, an increase of 82 percent, 812.5 yuan per ton, a decrease of 20.8 percent; natural gas 77.707 million tons, an increase of 9.4 percent, 3762.1 yuan per ton, a decrease of 3.3 percent; soybeans 71.654 million tons, up 17.9 percent, 4288.6 yuan per ton, down 1.5 percent; refined oil 30.55 million tons, up 100.1 percent, 3977.4 yuan per ton, down 25.5 percent. During the same period, imports of mechanical and electrical products 4.09 trillion yuan, down 9.9.
Source: Shipping Industry