In The First 10 Months Of This Year, China's Import And Export Increased By 9.5% Year-on-year

      According to customs statistics, in the first 10 months of this year, the total value of China's imports and exports was RMB 34.62 trillion, an increase of 9.5% over the same period last year (the same below). Among them, exports were 19.71 trillion yuan, up 13%; imports were 14.91 trillion yuan, up 5.2%; and the trade surplus was 4.8 trillion yuan, widening by 46.7%. In dollar terms, the total value of China's imports and exports in the first 10 months was US$5.26 trillion, an increase of 7.7 per cent. Among them, exports were US$2.99 trillion, up 11.1%; imports were US$2.27 trillion, up 3.5%; and the trade surplus was US$727.7 billion, expanding by 43.8%.

      In October, the total value of China's imports and exports was 3.55 trillion yuan, up 6.9%. Among them, exports were 2.07 trillion yuan, up 7%; imports were 1.48 trillion yuan, up 6.8%; the trade surplus was 586.81 billion yuan, expanding 7.6%. In dollar terms, the total value of China's imports and exports in October was US$511.59 billion, down 0.4%. Among them, exports were US$298.37 billion, down 0.3%; imports were US$213.22 billion, down 0.7%; and the trade surplus was US$85.15 billion, widening 0.9%.

      Double-digit growth in general trade imports and exports. In the first 10 months, China's general trade imports and exports of 22.09 trillion yuan, an increase of 13.3%, accounting for 63.8% of my total foreign trade value, an increase of 2.1 percentage points over the same period last year. Among them, exports were 12.56 trillion yuan, up 18.4%; imports were 9.53 trillion yuan, up 7.2%. During the same period, the import and export of processing trade was 7.02 trillion yuan, up 3.2%, accounting for 20.3%. Among them, exports were 4.47 trillion yuan, up 5.1%; imports were 2.55 trillion yuan, basically unchanged from the same period last year. In addition, China's imports and exports in the form of bonded logistics amounted to RMB 4.29 trillion, an increase of 9.2%. Among them, exports were 1.65 trillion yuan, up 13.2%; imports were 2.64 trillion yuan, up 6.8%.

      Imports and exports to major trading partners such as ASEAN, the European Union and the United States grew. In the first 10 months, ASEAN was my number one trading partner, and my total trade with ASEAN was worth 5.26 trillion yuan, an increase of 15.8%, accounting for 15.2% of my total foreign trade value. Among them, exports to ASEAN were 3.06 trillion yuan, up 22.7%; imports from ASEAN were 2.2 trillion yuan, up 7.5%; the trade surplus with ASEAN was 854.75 billion yuan, expanding 93.3%. The European Union was my second largest trading partner, with my trade with the EU worth 4.68 trillion yuan, an increase of 8.1%, accounting for 13.5%. Among them, exports to the EU were 3.11 trillion yuan, up 15.9%; imports from the EU were 1.57 trillion yuan, down 4.7%; and the trade surplus with the EU was 1.54 trillion yuan, expanding 48.8%. The United States is my third largest trading partner, and the total value of my trade with the United States was 4.21 trillion yuan, an increase of 6.8%, accounting for 12.2%. Among them, exports to the United States were 3.25 trillion yuan, up 8.4%; imports from the United States were 953.84 billion yuan, up 1.7%; the trade surplus with the United States was 2.3 trillion yuan, expanding by 11.4%. South Korea is my fourth largest trading partner, and the total value of my trade with South Korea was 2.02 trillion yuan, an increase of 6.5%, accounting for 5.8%. Among them, exports to South Korea were 898.63 billion yuan, up 16.3%; imports from South Korea were 1.12 trillion yuan, down 0.3%; the trade deficit with South Korea was 218.86 billion yuan, narrowing 37.2%. During the same period, China's total import and export to countries along the "Belt and Road" was 11.23 trillion yuan, an increase of 20.9%. Among them, exports were 6.38 trillion yuan, up 21.4%; imports were 4.85 trillion yuan, up 20.3%.

      Private enterprises' import and export grew rapidly. In the first 10 months, private enterprises imported and exported 17.44 trillion yuan, an increase of 14.4%, accounting for 50.4% of my total foreign trade value, an increase of 2.2 percentage points over the same period last year. Among them, exports were 11.87 trillion yuan, up 19%, accounting for 60.2% of the total export value; imports were 5.57 trillion yuan, up 5.7%, accounting for 37.4% of the total import value. During the same period, foreign-invested enterprises imported and exported 11.56 trillion yuan, an increase of 1.5%, accounting for 33.4% of the total value of my foreign trade. Among them, exports were 6.26 trillion yuan, up 4.5%; imports were 5.3 trillion yuan, down 1.9%. State-owned enterprises imported and exported 5.55 trillion yuan, an increase of 14.5%, accounting for 16% of my total foreign trade value. Among them, exports were 1.56 trillion yuan, up 9%; imports were 3.99 trillion yuan, up 16.8%.

      Exports of both electromechanical products and labour-intensive products grew，In the first 10 months, China exported 11.25 trillion yuan of electromechanical products, up 9.6%, accounting for 57.1% of the total export value. Among them, 1.32 trillion yuan of automatic data processing equipment and its parts and components, up 0.5%; 779.04 billion yuan of mobile phones, up 8.7%; 309.17 billion yuan of automobiles, up 72%. During the same period, exports of labour-intensive products amounted to RMB3.54 trillion, an increase of 11.2%, or 18%. Among them, clothing and clothing accessories were 974.75 billion yuan, up 8.6%; textiles were 825.95 billion yuan, up 8.5%; and plastic products were 586.78 billion yuan, up 14.2%. In addition, exports of steel were 56.358 million tons, down 1.8%; refined oil products were 39.909 million tons, down 24.5%; and fertilizers were 20.193 million tons, down 31.1%.

      Iron ore imports fell in volume and price, while imports of crude oil, coal, natural gas and soybeans decreased in volume and price. In the first 10 months, China imported 917 million tons of iron ore, down 1.7%, and the average import price (the same below) was RMB 796.1 per ton, down 29.1%. During the same period, imports of crude oil amounted to 414 million tonnes, a decrease of 2.7%, at RMB 4812.7 per tonne, up 53.1%; coal amounted to 230 million tonnes, a decrease of 10.5%, at RMB 976.7 per tonne, up 56.3%; natural gas amounted to 88.737 million tonnes, a decrease of 10.4%, at RMB 4095.3 per tonne, up 58.5%; soybeans amounted to 73.177 million tonnes, a decrease of 7.4%, at 4429.7 yuan, up 25.6%; 25.266 million tonnes of plastics in primary shapes, down 10.8%, at 12,400 yuan per tonne, up 8%; 19.905 million tonnes of refined oil products, down 10.9%, at 5,141.7 yuan per tonne, up 31.7%. In addition, the import of unwrought copper and copper material was 4.818 million tonnes, an increase of 8.8%, or 62,300 yuan per tonne, up 2.6%. During the same period, imports of mechanical and electrical products amounted to 5.78 trillion yuan, down 3.5%. Among them, 458.02 billion integrated circuits, down 13.2%, valued at 2.31 trillion yuan, up 3%; 746,000 vehicles (including chassis), down 6.6%, valued at 297.97 billion yuan, up 3.5%.

-THANKS FOR WATCHING-