In the First Seven Months of This Year, China's Import and Export Value was 23.55 Trillion CNY, up 0.4% Year-on-year

Article source: Shipping Weekly
According to customs statistics, in the first seven months of this year, China's import and export value was 23.55 trillion yuan, up 0.4% year-on-year (the same below). Of this total, the export was 13.47 trillion yuan, up by 1.5%; Imports were 10.08 trillion yuan, down 1.1%; Trade surplus increased by 10.3% to 3.39 trillion yuan. In dollar terms, China's import and export value in the first seven months of this year was 3.4 trillion US dollars, down 6.1 percent. Among them, the export was 1.94 trillion US dollars, down 5%; Imports were US $1.46 trillion, down 7.6%; The trade surplus increased by 3.5% to US $489.57 billion.
In July, China's imports and exports were 3.46 trillion yuan, down 8.3%. Specifically, the export was 2.02 trillion yuan, down 9.2%; Imports were 1.44 trillion yuan, down 6.9%; The trade surplus was 575.7 billion yuan, down 14.6 percent. In dollar terms, China's imports and exports in July this year were 482.92 billion US dollars, down 13.6%. Among them, the export was 281.76 billion US dollars, down 14.5%; Imports were 20.16 billion US dollars, down 12.4%; The trade surplus narrowed by 19.4% to US $80.6 billion.
The main features of China's foreign trade import and export in the first 7 months of this year:
The proportion of imports and exports in general trade increased. In the first seven months, China's general trade imports and exports were 15.41 trillion yuan, an increase of 2.1%, accounting for 65.4% of China's total foreign trade value, an increase of 1.1 percentage points over the same period last year. Specifically, the export was 8.77 trillion yuan, up by 2.8%; Imports reached 6.64 trillion yuan, up 1.2%. In the same period, the import and export of processing trade was 4.21 trillion yuan, down 11.4%, accounting for 17.9%. Specifically, the export was 2.75 trillion yuan, down 8.8 percent; Imports were 1.46 trillion yuan, down 15.9%. In addition, China's imports and exports in the form of bonded logistics reached 3.04 trillion yuan, an increase of 8.1%. Specifically, the export was 1.21 trillion yuan, up by 15.3 percent; Imports reached 1.83 trillion yuan, an increase of 3.8 percent.
Exports to ASEAN increased, imports from the EU and the United States increased. In the first seven months, ASEAN was China's largest trading partner. The total value of China's trade with ASEAN reached 3.59 trillion yuan, an increase of 2.8%, accounting for 15.3% of China's total foreign trade. Among them, the export to ASEAN was 2.11 trillion yuan, up by 4.7%; China's imports from ASEAN reached 1.48 trillion yuan, up 0.2%. The trade surplus with ASEAN reached 627.51 billion yuan, an increase of 17%. The EU is my second largest trading partner, and the total value of my trade with the EU was 3.22 trillion yuan, down 0.1%, accounting for 13.7%. Among them, the export to the European Union was 2.08 trillion yuan, down 2.6%; Imports from the EU reached 1.14 trillion yuan, an increase of 5.1%; The trade surplus with the EU was 943.34 billion yuan, down by 10.5%. The United States is my third largest trading partner, and the total value of our trade with the United States is 2.64 trillion yuan, down 9.6%, accounting for 11.2%. Among them, the export to the United States was 1.95 trillion yuan, down 13%; Imports from the United States reached 691.12 billion yuan, up 2%; Its trade surplus with the US was 1.26 trillion yuan, down 19.5%. Japan is my fourth largest trading partner, and the total value of my trade with Japan is 1.27 trillion yuan, down 5.8%, accounting for 5.4%. Among them, the export to Japan was 639.56 billion yuan, down 0.4%; Imports from Japan were 632.71 billion yuan, down 10.8%; The trade surplus with Japan was 6.85 billion yuan, compared with a trade deficit of 66.8 billion yuan in the same period last year. In the same period, China's imports and exports to countries along the "Belt and Road" totaled 8.06 trillion yuan, an increase of 7.4%. Of this total, the export was 4.76 trillion yuan, up by 12.6 percent; Imports reached 3.3 trillion yuan, up 0.5%.
Imports and exports of domestic enterprises maintained growth. In the first seven months, the import and export of private enterprises reached 12.46 trillion yuan, an increase of 6.7%, accounting for 52.9% of China's total foreign trade value, an increase of 3.1 percentage points over the same period last year. Among them, the export was 8.49 trillion yuan, up by 7.3%, accounting for 63% of the total export value; Imports reached 3.97 trillion yuan, up 5.3%, accounting for 39.4% of the total value of imports. The import and export of state-owned enterprises reached 3.82 trillion yuan, an increase of 0.8%, accounting for 16.2% of China's total foreign trade. Of this total, the export was 1.08 trillion yuan, up by 2.7 percent; Imports reached 2.74 trillion yuan, up 0.1%. In the same period, the import and export of foreign-invested enterprises was 7.21 trillion yuan, down 9.4%, accounting for 30.6% of China's total foreign trade. Among them, the export was 3.88 trillion yuan, down 9.6%; Imports were 3.33 trillion yuan, down 9.1%.
Exports of mechanical and electrical products accounted for nearly 60%. In the first seven months, China's exports of mechanical and electrical products 7.83 trillion yuan, an increase of 4.4%, accounting for 58.1% of the total export value. Among them, automatic data processing equipment and its parts and components were 735.15 billion yuan, down 19.8%; Mobile phone 462.36 billion yuan, down 6.5%; Automobiles reached 383.73 billion yuan, up by 118.5%. During the same period, the export of labor products was 2.34 trillion yuan, down 2.1%, accounting for 17.4%. Among them, clothing and clothing accessories 631.14 billion yuan, down 2.1%; 546.05 billion yuan for textiles, down 5.7%; Plastic products were 403.24 billion yuan, up 1.5%.
Iron ore, crude oil, coal import prices fell, natural gas, soybean import prices rose. In the first seven months, China imported 669 million tons of iron ore, an increase of 6.9%, and the average import price (the same below) was 785.6 yuan per ton, down 5.1%; 326 million tons of crude oil, up 12.4%, 3,977.2 yuan per ton, down 16.6%; 261 million tons of coal, up 88.6%, 838.1 yuan per ton, down 19.7%; Refined oil was 27.013 million tons, up 101.9% to 3,912.2 yuan per ton, down 26.7%. Imports of natural gas reached 66.876 million tons, up 7.6%, or 3,818.7 yuan per ton, up 0.6%; Soybeans were 62.303 million tons, up 15%, or 4,334.6 yuan per ton, up 1.3%. In the same period, the import of mechanical and electrical products was 3.53 trillion yuan, down 10.6%. Among them, the integrated circuit 27017 billion, a decrease of 16.8%, the value of 1.32 trillion yuan, a decrease of 16.2%; The number of automobiles was 412,000, down 20.1%, with a value of 176.31 billion yuan, down 16%.