China’s Foreign Trade Developed Steady in the First 10 Months

According to customs statistics, in the first 10 months of this year, the total value of China’s import and export of goods was trillion yuan, up from the same period last year, continuing the steady development trend. Among them, the export was trillion yuan, up; Imports dropped by 1 trillion yuan. The trade surplus is trillion yuan, expanding. In October, China’s total import and export value was 1 trillion yuan. Among them, the export was trillion yuan, up; Imports dropped by 1 trillion yuan.

China's Foreign Trade Developed Steady in the First 10 Months
China’s Foreign Trade Developed Steady in the First 10 Months

Li Kuiwen, Director of the Statistics and Analysis Department of the General Administration of Customs, said that the growth of international economy and trade has slowed down since this year, but China’s domestic economy has been running smoothly and the toughness of foreign trade import and export has increased. The import and export in a single month has remained at a high level of over 1 trillion yuan for four consecutive months.

In the first 10 months, China’s general trade increased and its proportion increased. General trade imports and exports totaled 1 trillion yuan, an increase that accounted for 1.5% of the total value of foreign trade. Import and export growth to major markets such as EU and ASEAN. In the first October, China’s total import and export to countries along the “the belt and road initiative” was 1 trillion yuan, an increase of 7 percentage points higher than the overall national growth rate, accounting for 7% of the total foreign trade value.

In the first 10 months, the import and export of private enterprises grew rapidly and their proportion increased. Private enterprises import and export trillion yuan, an increase of 4% of our total foreign trade value, becoming the largest foreign trade subject in our country. In the first 10 months, exports of mechanical and electrical products and labor-intensive products all maintained growth. Imports of crude oil, coal, natural gas and other commodities increased, while imports of iron ore and soybean decreased. Average import prices of bulk commodities were mixed.

 

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

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