First 10 months of China’s announcement, China’s foreign trade increased by 2.4%, its trade surplus expanded by 42.3%

According to customs statistics, in the first 10 months of this year, China’s total import and export value of goods was 25.63 trillion yuan, up 2.4% from the same period last year. Among them, exports reached 13.99 trillion yuan, up 4.9%. Imports were 11.64 trillion yuan, down 0.4%. The trade surplus was 2.35 trillion yuan, up 42.3%. In October, China’s total import and export value was 2.71 trillion yuan, down 0.5%. Among them, exports reached 1.51 trillion yuan, up 2.1%. Imports were 1.2 trillion yuan, down 3.5%. The trade surplus was 301.28 billion yuan, up 33%.

China's foreign trade increased by 2.4%, its trade surplus expanded by 42.3%
China’s foreign trade increased by 2.4%, its trade surplus expanded by 42.3%

The growth of general trade is faster than the overall growth of import and export to the countries along the “the belt and road initiative”.

In the first 10 months, China’s general trade import and export reached 15.19 trillion yuan, up 4.8%, accounting for 59.3% of China’s total foreign trade value, up 1.4 percentage points from the same period last year. Among them, exports reached 8.14 trillion yuan, up 8.5%. Imports were 7.05 trillion yuan, up 0.7%. The trade surplus was 1.09 trillion yuan, an increase of 1.2 times. During the same period, the import and export of processing trade was 6.5 trillion yuan, down 4.9%, accounting for 25.3%, down 1.9 percentage points. Of this, exports totaled 4.13 trillion yuan, down 3%. Imports were 2.37 trillion yuan, down 8%. The trade surplus was 1.76 trillion yuan, up 4.5%. In addition, China imported and exported 2.96 trillion yuan in bonded logistics, up 6.8%, accounting for 11.6% of our total foreign trade value.

In the first 10 months, China-EU trade totaled 3.98 trillion yuan, up 8.3%, accounting for 15.5% of my total foreign trade. Among them, exports to the EU totaled 2.42 trillion yuan, up 10.4%. Imports from the EU totaled 1.56 trillion yuan, up 5.1%. The trade surplus with Europe was 866.05 billion yuan, up 21.4%. The total value of trade with ASEAN was 3.54 trillion yuan, up 11.9%, accounting for 13.8% of my total foreign trade value. Among them, exports to ASEAN totaled 1.97 trillion yuan, up 16.1%. Imports from ASEAN totaled 1.57 trillion yuan, up 7%. The trade surplus with ASEAN was 396.12 billion yuan, up 75.4%.

The total value of Sino-US trade was 3.07 trillion yuan, down 10.6%, accounting for 12% of my total foreign trade value. Among them, exports to the United States totaled 2.39 trillion yuan, down 6.8%. Imports from the United States totaled 685.74 billion yuan, down 21.5 percent. The trade surplus with the United States was 1.7 trillion yuan, up 0.8%. The total value of Sino-Japanese trade was 1.77 trillion yuan, down 0.4%, accounting for 6.9% of my total foreign trade value. Among them, exports to Japan totaled 807.87 billion yuan, up 2.8%. Imports from Japan totaled 958.63 billion yuan, down 2.9%. The trade deficit with Japan was 150.76 billion yuan, down 25.1%.

During the same period, China’s total import and export to countries along the “the belt and road initiative” was 7.47 trillion yuan, up 9.4%, 7 percentage points higher than the overall national growth rate, accounting for 29.1% of China’s total foreign trade value and 1.9 percentage points higher.

Private Enterprises’ Import and Export Rapidly Increase Iron Ore and Soybean Imports Decrease In the first 10 months, private enterprises imported and exported 10.87 trillion yuan, up 10.3%, accounting for 42.4% of our total foreign trade value, up 3 percentage points from the same period last year and becoming the largest foreign trade subject in our country. During the same period, the import and export of foreign-invested enterprises reached 10.32 trillion yuan, down 3.4%, accounting for 40.3% of our total foreign trade value. State-owned enterprises import and export 4.34 trillion yuan, down 1%, accounting for 17% of our total foreign trade value.

China’s exports of mechanical and electrical products reached 8.15 trillion yuan, up 4.3%, accounting for 58.3% of the total export value. Seven categories of labor-intensive products exported a total of 2.71 trillion yuan, up 6.1%, accounting for 19.4% of the total export value. In addition, steel exports totaled 55.09 million tons, down 5.8 percent. One million cars, up 3%.

China imported 415 million tons of crude oil, up 10.5%, with an average import price of 3274.6 yuan per ton, down 3.6%. Coal was 276 million tons, up 9.6%, and the average import price was 535.1 yuan per ton, down 7%. Natural gas was 77.71 million tons, up 7.9%, and the average import price was 29.84.8 yuan per ton, up 11.3%. Iron ore was 877 million tons, down 1.6%, and the average import price was 659.3 yuan per ton, up 43.3%. Soybean 70.69 million tons, down 8.1%, and the average import price was 2731.6 yuan per ton, down 2.9%.

 

Original Artical,Author:China Trade Agent,if repost,please give references :https://offers-bg.com/chinas-announcement/

Like (1)
Previous November 9, 2019 4:50 pm
Next November 9, 2019 5:01 pm

Relevant Recommendation

  • Why Does Daqing’s Foreign Trade Go Against the Trend?

    Daqing City has grasped new growth points of foreign trade, actively opened up emerging markets, and helped enterprises win international markets and increase their international share by means of “hard core” policy support, encouraging technological innovation of enterprises and actively integrating into “the belt and road initiative” Since this year, the downward pressure on the world economy has increased and global trade has shrunk. Facing the new situation and challenges, how is Daqing’s import and export performance? A few days ago, reporters learned from the Municipal Bureau of Commerce that from January to September, the city’s total import and export value reached 77.448 billion yuan, up 14.49% year on year. Among them, exports totaled 3.091 billion yuan, up 10.41% year on year. Imports were 74.357 billion yuan, up 14.67% year on year. The total value of imports and exports ranked first in all cities in the province, accounting for 55.89% of the total value of imports and exports in the province. It is worth mentioning that in the first three quarters of this year, the foreign trade of private enterprises…

    November 12, 2019
    1.5K0
  • In the first three quarters, Foshan’s import and export reached 362.6 billion yuan, with private enterprises contributing more than 60% of its total foreign trade

    On the 25th. October 2019, the reporter learned from Foshan Customs that in the first three quarters of this year, Foshan’s total foreign trade import and export value was 362.6 billion yuan, up 4.8% from the same period last year. Among them, the total value of Foshan’s foreign trade in September was 44.48 billion yuan, up 21.5%. From the perspective of foreign trade formats, the general trade toughness has further shown, and emerging trade formats have increased significantly. In the first three quarters, Foshan imported and exported 1936.33 billion yuan in general trade, up 6%, accounting for 53.4% of Foshan’s total foreign trade value in the same period. It is noteworthy that new trade formats are developing rapidly, with imports and exports of 5.02 billion yuan through cross-border e-commerce trade, up 88.5%. Private enterprises are still the main force in Foshan’s foreign trade. In the first three quarters of foreign trade import and export, the proportion of private enterprises further expanded, and the endogenous power continuously increased. Data show that from January to September, the import and export of private…

    November 9, 2019
    1.1K0
  • Director of Foreign Trade Department of Ministry of Commerce Talk about China’s Foreign Trade from January to October 2019

    On November 12, the head of the Foreign Trade Department of the Ministry of Commerce introduced China’s foreign trade from January to October 2019. The Party Central Committee and the State Council attach great importance to foreign trade. On October 23, Premier Li Keqiang presided over an executive meeting of the State Council to deploy efforts to further stabilize foreign trade and promote quality improvement in import and export. Faced with the complicated and severe foreign trade development environment, the Ministry of Commerce resolutely implements the decision-making arrangements of the Party Central Committee and the State Council, does a solid job of “stabilizing foreign trade”, vigorously promotes the “five optimizations” of international market layout, domestic regional layout, commodity structure, business entities and trade methods, continuously promotes the “three constructions” of foreign trade transformation and upgrading base, international marketing network and trade promotion platform, actively promotes the high-quality development of trade, achieves positive results in various work, and improves quality in the steady development of foreign trade from January to October. The scale remained stable. From January to October, China’s total…

    November 12, 2019
    1.2K0
  • Good Response, Fast Train and Innovation —— Looking at Anhui Private Foreign Trade to Improve Quality and Increase Efficiency

    Xinhua News Agency, Hefei, October 30-Good Coping, Fast Train, Innovation-Looking at Anhui’s Private Foreign Trade to Improve Quality and Increase Efficiency Xinhua News Agency reporters Wang Ona and Wang Fei The latest statistics from the Anhui Provincial Department of Commerce show that from January to September this year, private enterprises in Anhui Province realized an import and export of 24.96 billion US dollars, accounting for nearly 50% of the province’s total import and export value, up 28.5% year-on-year, of which 17.63 billion US dollars were exported, up 25.3% year-on-year. Thanks to many government escort measures and the innovation and upgrading of enterprises themselves, Anhui’s private foreign trade has handed over a report card that is fast and steady, and is becoming a “new force” in the high-quality development of foreign trade. Sail with the wind and take advantage of the wind to actively cope with the changing market. Behind the steady growth is the keen grasp of the market and the flexible adjustment of private foreign trade enterprises. “With the recognition of traditional Chinese medicine abroad getting higher and higher,…

    November 9, 2019
    1.1K0
  • Zhang Lan of Hunan Foreign Trade Vocational College: Explaining the Nature of Teachers by Being a Teacher and Warming up Students with Love

    Zhang Lan (3rd from left) is guiding students to practice. Red Net Time reporter Zheng Tao Changsha reports “She is full of positive energy and makes people feel warm and at ease.” “She works very hard and is also very responsible. She would rather take on more responsibilities than give others any trouble.” “She is intellectual, considerate and like her sister” … These warm-hearted evaluations all point to the same person-Zhang Lan, School of Electric Business, Hunan Vocational College of Foreign Trade, and “Lanjie”, which is often mentioned by students of the school. As the youngest full-time teacher of the E-commerce College, Zhang Lan is steadfast and steady in her work, and always takes the initiative to undertake the affairs of the College. She devotes herself to her work, makes no complaint or regret, actively explores and innovates her ideas, deeply deepens the excellent qualities of hard-working, earnest, careful and willing to contribute in her job, is recognized by the superior leadership, is recognized by the majority of colleagues, and has won the titles of “advanced individual” and “excellent party…

    November 12, 2019
    1.1K0
  • Ministry of Commerce: China’s Total Foreign Trade Share in International Market Increases 10 Times in 40 Years

    China’s foreign trade share in the international market increased from less than 1% to 11.8% Zhong Shan said that taking the opportunity of joining the World Trade Organization in 2001, China’s foreign trade has achieved great-leap-forward development and its trade structure has been continuously optimized, making important contributions to China’s economic and social development. The Foreign Trade Report shows that China’s total import and export of goods increased from US$ 20.64 billion in 1978 to US$ 4.62 trillion in 2018, becoming the world’s largest country in goods trade, increasing its share of the international market from less than 1% to 11.8%. Among them, exports increased from US$ 9.75 billion to US$ 2.48 trillion and imports increased from US$ 10.89 billion to US$ 2.14 trillion. The total import and export volume accounts for the first and second shares respectively in the world. Since 2009, China has been the world’s largest exporter of goods and the second largest importer of goods for 10 consecutive years. China’s total service import and export rose from US$ 4.69 billion in 1982 to US$ 791.9 billion…

    November 9, 2019
    1.1K0
  • Attention please! Since November, there are new rules on the weight appraisal policy for imported bulk commodities

    From Shantou Customs, according to the announcement of the General Administration of Customs, starting from November 1, the customs will adjust the import of bulk commodities from batch-by-batch weight identification to enterprise application. The consignee or agent of imported bulk commodities shall truthfully declare the weight to the customs, which shall conduct spot checks and verification of the declaration. Guangdong Yuedian Jinghai Power Generation Co., Ltd. Imported Coal to Port for Unloading According to relevant officials of Shantou Customs, bulk commodities mainly include three categories, namely energy commodities, basic raw materials and agricultural and sideline products, such as crude oil, non-ferrous metals, soybeans, iron ore, coal, etc. The optimization of the supervision method for bulk commodity weight appraisal is an important measure taken by the General Administration of Customs to thoroughly implement the reform requirements of the State Council on “releasing management services”, further optimize the business environment at ports and improve the level of trade facilitation. Shantou Customs reminds foreign trade enterprises in the customs area (including Shantou, Chaozhou, Jieyang, Shanwei and Meizhou) that since the date of the…

    November 9, 2019
    1.3K0
  • Hunan’s Total Import and Export Value in the First Three Quarters Grows 50.4% Year-on-Year

    How big can business be with one hair? Five years ago, Wang Jinhua said that he would be satisfied if he could sell 500,000 yuan a year. In the first half of this year, his Hunan Shaoyang Yuantai Industrial Company exported 19 million US dollars of hair products. “60% of the wigs worn by African friends come from Shaoyang!” Thai is a microcosm. In a short span of four or five years, the number of enterprises with export performance in Hunan has grown from less than 1,000 to nearly 6,000. The river is full of water. According to Changsha Customs statistics, in the first three quarters, Hunan’s total import and export value was 313.41 billion yuan, up 50.4% over the same period last year. On the basis of two consecutive years of high growth in 2017 and 2018, Hunan’s import and export value increased rapidly. Why does import and export rise in Hunan, an inland province that does not border or coast? There are “nannies” in the park. Enterprises Break Shell Wang jinhua’s fortune benefited from a series of measures…

    November 9, 2019
    9960
  • Peer-to-peer transformation is like a mid-water moon. Foreign trade industry opens a new era of investment

    On November 1st.,in China,CEO Zhang Jun of Auction Loan said at the “2019 Small and Medium-sized Banks Development Summit Forum” that no more P2P transactions would be added, clearly drawing a clear line with P2P, and indicating that loans would be transformed in the future. Since the lightning strike in 2018, various regulatory policies for P2P industry have been implemented continuously, and the clearing speed has only increased. Before this, Ningxia, Yunnan, Shanghai, Shenzhen and other places have successively announced the list of repayments of their local intranet lending institutions, and Hunan and Shandong have successively announced the banning of all online lending institutions and P2P businesses in the province. P2P head platforms have indicated that they will rely on the transformation to find a way out. Recently, the contents of the meeting held by the leading group for mutual fund regulation and the leading group for online loan regulation to speed up the classified disposal of institutions in peer-to-peer lending have been widely circulated in the mutual fund industry. The meeting contents have been regarded by major online loan…

    November 9, 2019
    1.0K0
  • The State Council Standing Committee Deploys Four Measures

    Xinhua News Agency, Beijing, October 23 (Reporter Yu Jiaxin)-The executive meeting of the State Council held on the 23rd made arrangements for further stabilizing foreign trade and proposed four measures to promote stable import and export while improving quality. The meeting pointed out that since the beginning of this year, all localities and relevant departments have actively responded to changes in the external environment, have done a solid job in stabilizing foreign trade, and the overall operation of foreign trade has been stable. Customs data show that in the first three quarters of this year, China’s total foreign trade import and export value was 22.91 trillion yuan, an increase of 2.8% over the same period last year, continuing the overall steady development trend of improving quality while maintaining stability, and showing strong resilience in the face of domestic and foreign challenges.China attaches great importance to stabilizing foreign trade. Since last year, the measures to stabilize foreign trade have achieved good results. The executive meeting of the State Council in July this year clearly defined measures to further stabilize foreign trade,…

    November 9, 2019
    1.2K0