Latest News: According to data released by the General Administration of Customs on the 7th, in the first eight months of this year, my country’s total import and export value was 27.3 trillion yuan, an increase of 10.1% over the same period last year (the same below). Among them, exports were 15.48 trillion yuan, an increase of 14.2%; imports were 11.82 trillion yuan, an increase of 5.2%; trade surplus was 3.66 trillion yuan, an increase of 58.2%. In US dollar terms, the total value of my country’s imports and exports in the first eight months was US$4.19 trillion, an increase of 9.5%. Among them, the export was 2.38 trillion US dollars, an increase of 13.5%; the import was 1.81 trillion US dollars, an increase of 4.6%; the trade surplus was 560.52 billion US dollars, an increase of 56.7%.

The import and export of general trade increased by double digits and the proportion increased. In the first 8 months, my country’s general trade imports and exports reached 17.55 trillion yuan, an increase of 14.1%, accounting for 64.3% of China’s total foreign trade value, an increase of 2.3 percentage points over the same period last year. Among them, exports were 9.96 trillion yuan, an increase of 20.1%; imports were 7.59 trillion yuan, an increase of 7%. In the same period, the import and export of processing trade was 5.48 trillion yuan, an increase of 3.5%, accounting for 20.1%. Among them, exports were 3.46 trillion yuan, an increase of 5.1%; imports were 2.02 trillion yuan, an increase of 0.9%. In addition, my country’s import and export through bonded logistics was 3.33 trillion yuan, an increase of 9%. Among them, exports were 1.26 trillion yuan, an increase of 13.7%; imports were 2.07 trillion yuan, an increase of 6.3%.

Imports and exports to major trading partners such as ASEAN, the European Union 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 4.09 trillion yuan, an increase of 14%, accounting for 15% of China’s total foreign trade value. The EU is China’s second largest trading partner. The total trade value between China and the EU is 3.75 trillion yuan, an increase of 9.5%, accounting for 13.7%. The United States is China’s third largest trading partner. The total value of Sino-US trade is 3.35 trillion yuan, an increase of 10.1%, accounting for 12.3%. South Korea is China’s fourth largest trading partner. The total trade value between China and South Korea is 1.6 trillion yuan, an increase of 7.8%, accounting for 5.9%. During the same period, my country’s total imports and exports to countries along the “Belt and Road” reached 8.77 trillion yuan, an increase of 20.2%. Among them, exports were 4.96 trillion yuan, an increase of 20.4%; imports were 3.81 trillion yuan, an increase of 20%.

The import and export of private enterprises grew rapidly and the proportion increased. In the first 8 months, the import and export of private enterprises was 13.68 trillion yuan, an increase of 14.9%, accounting for 50.1% of the total value of China’s foreign trade, an increase of 2.1 percentage points over the same period last year. Among them, exports were 9.3 trillion yuan, an increase of 20.2%, accounting for 60% of the total export value; imports were 4.38 trillion yuan, an increase of 5%, accounting for 37.1% of the total import value. In the same period, the import and export of foreign-invested enterprises was 9.17 trillion yuan, an increase of 2.4%, accounting for 33.6% of the total value of China’s foreign trade. The import and export of state-owned enterprises was 4.4 trillion yuan, an increase of 15.1%, accounting for 16.1% of the total value of China’s foreign trade.

Exports of mechanical and electrical products and labor-intensive products both increased. In the first 8 months, my country’s export of mechanical and electrical products was 8.75 trillion yuan, an increase of 9.8%, accounting for 56.5% of the total export value. Among them, automatic data processing equipment and its parts and components were 1.05 trillion yuan, an increase of 3.5%; mobile phones were 555.39 billion yuan, an increase of 4.2%; automobiles were 216.8 billion yuan, an increase of 57.6%. In the same period, the export of labor-intensive products was 2.81 trillion yuan, an increase of 14.1%, accounting for 18.1%. Among them, clothing and clothing accessories were 772.19 billion yuan, an increase of 12.8%; textiles were 665.6 billion yuan, an increase of 10.8%; plastic products were 462.99 billion yuan, an increase of 15.1%. In addition, 46.225 million tons of steel were exported, a decrease of 3.9%; 29.816 million tons of refined oil, a decrease of 33.5%; and 14.13 million tons of fertilizers, a decrease of 37.9%.

The import volume and price of iron ore fell, and the import volume of crude oil, coal, natural gas and soybeans decreased in price. In the first eight months, my country imported 723 million tons of iron ore, down 3.1%, and the average import price was 827.8 yuan per ton, down 29.4%. During the same period, the imported crude oil was 330 million tons, down 4.7%, the average import price was 4,792.1 yuan per ton, up 56.8%; the coal was 168 million tons, down 14.9%, and the average import price was 1,021.3 yuan per ton, up 81.2%; natural gas was 71.045 million tons, up 81.2%. A decrease of 10.2%, the average import price was 3882.2 yuan per ton, an increase of 61.6%; soybeans were 61.329 million tons, a decrease of 8.6%, and the average import price was 4354.5 yuan per ton, an increase of 25.6%; the primary shape plastic was 19.933 million tons, a decrease of 12.9%, and the import The average price was 12,600 yuan per ton, up 11.6%; refined oil was 15.104 million tons, down 15.9%, and the average import price was 5,338.3 yuan per ton, up 39.9%. In addition, the import of unwrought copper and copper products was 3.903 million tons, an increase of 8.1%, and the average import price was 64,000 yuan per ton, an increase of 6.4%. During the same period, the import of mechanical and electrical products was 4.56 trillion yuan, down 3.9%. Among them, integrated circuits were 1.81 trillion yuan, an increase of 3.1%; automobiles (including chassis) were 240.56 billion yuan, an increase of 0.7%.

In August, my country’s total import and export value was 3.71 trillion yuan, an increase of 8.6%. Among them, exports were 2.12 trillion yuan, an increase of 11.8%; imports were 1.59 trillion yuan, an increase of 4.6%; the trade surplus was 535.91 billion yuan, an increase of 40.4%. In dollar terms, my country’s total import and export value in August was 550.45 billion US dollars, an increase of 4.1%. Among them, the export was 314.92 billion US dollars, an increase of 7.1%; the import was 235.53 billion US dollars, an increase of 0.3%; the trade surplus was 79.39 billion US dollars, an increase of 34.1%.