Customs Statistics: China'S Imports And Exports Were Basically Flat In The First Eight Months Of This Year

According to customs statistics, in the first eight months of this year, China's total import and export value was 27.08 trillion yuan, down slightly by 0.1% year on year (the same below). Among them, the export was 15.47 trillion yuan, up 0.8%; Imports reached 11.61 trillion yuan, down 1.3%; The trade surplus was 3.86 trillion yuan, an increase of 7.3%. In dollar terms, China's total import and export value in the first eight months of this year was US $3.89 trillion, down 6.5%.

Among them, exports totaled US $2.22 trillion, down 5.6%; Imports reached US $1.67 trillion, down 7.6%; The trade surplus was US $553.4 billion, up 0.8%.

In August this year, China's import and export amounted to 3.59 trillion yuan, down 2.5% year on year and up 3.9% month on month. Among them, exports reached 2.04 trillion yuan, down 3.2% year on year and up 1.2% month on month; Imports reached 1.55 trillion yuan, down 1.6% year on year and up 7.6% month on month; The trade surplus was 488 billion yuan, down 8.2% year on year (the same below).

Measured in US dollars, China's import and export in August this year reached US $501.38 billion, down 8.2%. Among them, exports reached US $284.87 billion, down 8.8%; Imports were 216.51 billion US dollars, down 7.3%; The trade surplus was US $68.36 billion, down 13.2%.

　　 Main characteristics of China's import and export in the first eight months of this year:

The import and export of general trade increased and its proportion increased. In the first eight months, China's general trade import and export amounted to 17.72 trillion yuan, up 1.7%, accounting for 65.4% of China's total foreign trade, 1.2 percentage points higher than the same period last year. Among them, exports reached 10.08 trillion yuan, up 2.2%; Imports reached 7.64 trillion yuan, up 1%. Over the same period, the import and export of processing trade was 4.85 trillion yuan, down 11.3%, accounting for 17.9%. Among them, exports reached 3.14 trillion yuan, down 9.2%; Imports reached 1.71 trillion yuan, down 14.9%.

In addition, China's import and export by bonded logistics reached 3.5 trillion yuan, up 6.7%. Among them, the export was 1.39 trillion yuan, up 12.7%; Imports totaled 2.11 trillion yuan, up 3.1%.

Imports and exports to ASEAN increased, and imports from the EU and the United States increased. In the first eight months, ASEAN was China's largest trading partner. The total trade value between China and ASEAN was 4.11 trillion yuan, up 1.6%, accounting for 15.2% of China's total foreign trade value.

Among them, the export to ASEAN was 2.4 trillion yuan, up 2.8%; Imports from ASEAN reached 1.71 trillion yuan, up 0.03%; The trade surplus with ASEAN was 685.2 billion yuan, an increase of 10.3%. The EU is China's second largest trading partner. The total trade value between China and the EU was 3.68 trillion yuan, down 1.5%, accounting for 13.6%.

Among them, the export to the EU was 2.37 trillion yuan, down 4.4%; Imports from the EU reached 1.31 trillion yuan, up 4.3%; The trade surplus with the EU was 1.06 trillion yuan, down 13.4%.

The United States is our third largest trading partner. The total value of our trade with the United States was 3.05 trillion yuan, down 8.7%, or 11.2%. Among them, the export to the United States was 2.27 trillion yuan, down 11.7%; Imports from the United States reached 775.26 billion yuan, up 1.6%; The trade surplus with the United States was 1.5 trillion yuan, down 17.4%.

Japan is our fourth largest trading partner. The total value of our trade with Japan was 1.45 trillion yuan, down 6.8%, accounting for 5.4%. Among them, the export to Japan was 724.34 billion yuan, down 2.4%; The import from Japan was 724.64 billion yuan, down 10.7%; The trade deficit with Japan was 300 million yuan, down 99.6%.

Over the same period, China's total imports and exports to countries along the "Belt and Road" totaled 12.62 trillion yuan, up 3.6%.

Among them, exports reached 7.01 trillion yuan, up 9.4%; Imports reached 5.61 trillion yuan, down 2.9%.

The import and export of domestic enterprises kept growing. In the first eight months, the import and export of private enterprises reached 14.33 trillion yuan, up 6%, accounting for 52.9% of China's total foreign trade, up 3 percentage points over the same period last year. Among them, the export was 9.74 trillion yuan, up 6.3%, accounting for 63% of the total export value; Imports reached 4.59 trillion yuan, up 5.3%, accounting for 39.5% of the total import value. The import and export of state-owned enterprises reached 4.4 trillion yuan, up 0.3%, accounting for 16.2% of China's total foreign trade value.

Among them, exports reached 1.25 trillion yuan, up 1.4%; Imports reached 3.15 trillion yuan, down 0.2%.

Over the same period, the import and export of foreign-invested enterprises reached 8.28 trillion yuan, down 9.6%, accounting for 30.6% of China's total foreign trade value. Among them, the export was 4.46 trillion yuan, down 9.8%; Imports reached 3.82 trillion yuan, down 9.3%.

The export of mechanical and electrical products accounted for nearly 60%, of which the export of automobiles grew strongly. In the first eight months, China exported 8.97 trillion yuan of electromechanical products, up 3.6%, accounting for 58% of the total export value. Among them, the automatic data processing equipment and its parts reached 849.27 billion yuan, down 19%; Mobile phones totaled 513.5 billion yuan, down 7.5%; 442.7 billion yuan for automobiles, up 104.4%.

Over the same period, the export of labor-intensive products was 2.71 trillion yuan, down 2.4%, accounting for 17.5%. Among them, clothing and clothing accessories were 745.28 billion yuan, down 2.9%; Plastic products reached 461.2 billion yuan, up 1.4%.

Imports of iron ore, crude oil, coal, natural gas, soybeans and other major commodities increased in volume and fell in price. In the first eight months, China imported 776 million tons of iron ore, up 7.4%, and the average import price (the same below) was 783.6 yuan per ton, down 3.6%; 379 million tons of crude oil, up 14.7%, at 4005.7 yuan per ton, down 16.8%; 306 million tons of coal, up 82%, or 812.5 yuan per ton, down 20.8%; 77.707 million tons of natural gas, up 9.4%, or 3762.1 yuan per ton, down 3.3%; Soybeans reached 71.654 million tons, up 17.9%, with 4288.6 yuan per ton, down 1.5%; The refined oil was 30.55 million tons, an increase of 100.1%, and 3977.4 yuan per ton, down 25.5%. Over the same period, imports of mechanical and electrical products reached 4.09 trillion yuan, down 9.9%.