According to customs statistics, in the first eight months of this year, the total value of China's imports and exports was 27.08 trillion yuan, slightly down 0.1% year-on-year. Of this total, exports reached 15.47 trillion yuan, up by 0.8%; Imports were 11.61 trillion yuan, down 1.3 percent. Trade surplus increased by 7.3% to 3.86 trillion yuan. In dollar terms, China's import and export value in the first eight months of this year was 3.89 trillion US dollars, down 6.5 percent. Among them, the export was 2.22 trillion US dollars, down 5.6%; Imports were US $1.67 trillion, down 7.6%; The trade surplus was 553.4 billion U.S. dollars, an increase of 0.8 percent. In August, China's imports and exports were 3.59 trillion yuan, down 2.5% year-on-year and up 3.9% month-on-month. Among them, the export was 2.04 trillion yuan, down 3.2% year-on-year, up 1.2% quarter-on-quarter; Imports were 1.55 trillion yuan, down 1.6% year-on-year and up 7.6% month-on-month; The trade surplus was 488 billion yuan, a year-on-year decrease of 8.2%. In dollar terms, China's imports and exports in August this year were 501.38 billion US dollars, down 8.2%. Among them, the export was 284.87 billion US dollars, down 8.8%; Imports were 216.51 billion U.S. dollars, down 7.3%; The trade surplus narrowed by 13.2% to US $68.36 billion.
The main features of China's import and export in the first 8 months of this year:
General trade imports and exports increased, the proportion increased. In the first eight months, China's general trade imports and exports were 17.72 trillion yuan, an increase of 1.7%, accounting for 65.4% of China's total foreign trade, an increase of 1.2 percentage points over the same period last year. Specifically, the export was 10.08 trillion yuan, up by 2.2%; Imports reached 7.64 trillion yuan, up 1%. In the same period, the import and export of processing trade was 4.85 trillion yuan, down 11.3%, accounting for 17.9%. Among them, the export was 3.14 trillion yuan, down 9.2%; Imports were 1.71 trillion yuan, down 14.9%. In addition, China's import and export by bonded logistics totaled 3.5 trillion yuan, an increase of 6.7%. Of this total, the export was 1.39 trillion yuan, up by 12.7 percent; Imports reached 2.11 trillion yuan, an increase of 3.1%.
Imports and exports to ASEAN increased, and imports from the EU and the United States increased. In the first eight months of this year, ASEAN was China's largest trading partner. The total value of China's trade with ASEAN reached 4.11 trillion yuan, an increase of 1.6%, accounting for 15.2% of China's total foreign trade. Among them, the export to ASEAN was 2.4 trillion yuan, up by 2.8%; Imports from ASEAN reached 1.71 trillion yuan, up by 0.03%; The trade surplus with ASEAN reached 685.2 billion yuan, an increase of 10.3%. The EU is my second largest trading partner, and the total value of our trade with 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, an increase of 4.3%; The trade surplus with the EU was 1.06 trillion yuan, down 13.4%. The United States is my third largest trading partner, and the total value of China's trade with the United States was 3.05 trillion yuan, down 8.7%, accounting for 11.2%. Among them, the export to the United States was 2.27 trillion yuan, down 11.7 percent; Imports from the United States totaled 775.26 billion yuan, up 1.6%; Its trade surplus with the US was 1.5 trillion yuan, down 17.4 percent. Japan is China's fourth largest trading partner. The total value of China's 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%; Imports from Japan reached 724.64 billion yuan, down 10.7%; The trade deficit with Japan was 300 million yuan, narrowing by 99.6 percent. In the same period, China's imports and exports to countries jointly building the Belt and Road totaled 12.62 trillion yuan, an increase of 3.6%. Of this total, the export was 7.01 trillion yuan, up by 9.4%; Imports were 5.61 trillion yuan, down 2.9%.
Imports and exports of domestic enterprises maintained growth. In the first eight months, the import and export of private enterprises reached 14.33 trillion yuan, an increase of 6%, accounting for 52.9% of China's total foreign trade value, an increase of 3 percentage points over the same period last year. Among them, the export was 9.74 trillion yuan, up by 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 value of imports. The import and export of state-owned enterprises reached 4.4 trillion yuan, an increase of 0.3%, accounting for 16.2% of China's total foreign trade. Of this total, the export volume was 1.25 trillion yuan, up by 1.4%; Imports were 3.15 trillion yuan, down 0.2%. In the same period, the import and export of foreign-invested enterprises was 8.28 trillion yuan, down 9.6%, accounting for 30.6% of China's total foreign trade. Specifically, the export was 4.46 trillion yuan, down 9.8%; Imports were 3.82 trillion yuan, down 9.3%.
Exports of mechanical and electrical products accounted for nearly 60%, of which automobile exports grew strongly. In the first eight months, China exported 8.97 trillion yuan of mechanical and electrical products, an increase of 3.6%, accounting for 58% of the total export value. Among them, automatic data processing equipment and its parts were 849.27 billion yuan, down 19%; Mobile phone 513.5 billion yuan, down 7.5%; Automobiles totaled 442.7 billion yuan, up 104.4%. During the same period, the export of labor 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 and prices fell. In the first eight months, China imported 776 million tons of iron ore, an increase of 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%, 4005.7 yuan per ton, down 16.8%; 306 million tons of coal, up 82%, 812.5 yuan per ton, down 20.8%; Natural gas 77.707,000 tons, up 9.4%, 3,762.1 yuan per ton, down 3.3%; 71.654 million tons of soybeans, up 17.9%, 4,288.6 yuan per ton, down 1.5%; Refined oil was 30.55 million tons, an increase of 100.1% to 3977.4 yuan per ton, down 25.5%. In the same period, the import of mechanical and electrical products was 4.09 trillion yuan, down 9.9%.
