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/

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