First 10 months, China’s foreign trade and import increased by 2.4%, EU remained China’s largest trading partner

The day before yesterday in the morning, China’s General Administration of Customs announced the import and export of China’s foreign trade in the first ten months. 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 dollar terms, the total value of China’s imports and exports in the first 10 months was US$ 3.74 trillion, down 2.5%. Of this total, exports reached US$ 2.04 trillion, down 0.2%. Imports reached US$ 1.7 trillion, down 5.1%. The trade surplus was 340.29 billion US dollars, up 34.9%.

EU remained China's largest trading partner
EU remained China’s largest trading partner

Looking only at 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%. Measured in US dollars, China’s total import and export value in October was 383.05 billion US dollars, down 3.4%. Of this, exports reached 212.93 billion US dollars, down 0.9%. Imports totaled 170.12 billion US dollars, down 6.4%. The trade surplus was 42.81 billion US dollars, up 29.8%.

From the perspective of trade countries, the growth rate of import and export to major markets such as the EU and ASEAN is higher than that of the whole to countries along the “the belt and road initiative”. 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 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. 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.
In terms of exports, exports of mechanical and electrical products and labor-intensive products have maintained growth. In the first 10 months, China’s exports of mechanical and electrical products totaled 8.15 trillion yuan, up 4.3%, accounting for 58.3% of the total export value. Among them, exports of electrical and electronic products totaled 3.73 trillion yuan, up 5.5%. Machinery and equipment totaled 2.34 trillion yuan, up 1.9%. During the same period, clothing exports totaled 862.41 billion yuan, basically the same as the same period last year. Textiles totaled 681.07 billion yuan, up 5.5%.

Imports of crude oil, coal, natural gas and other commodities increased, while the average import price of bulk commodities was mixed. In the first 10 months, China imported 415 million tons of crude oil, up 10.5%, and the average import price was 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%.

By the end of the afternoon, the three major domestic stock indexes had risen across the board. Shanghai Composite Index rose 0.35% to 2,989.24, Shenzhen Composite Index rose 0.86% to 1,003.12, and Venture Board Index rose 0.85% to 1,730.20.

 

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

Like (1)
Previous November 9, 2019 5:04 pm
Next November 9, 2019 5:18 pm

Relevant Recommendation

  • Hangzhou Cross-border E-commerce Comprehensive Test Zone Launches “New Foreign Trade, New Service and New Manufacturing” Plan

    In March 2018, the “New Foreign Trade, New Service and New Manufacturing” Plan of Hangzhou Cross-border E-commerce Comprehensive Pilot Zone was officially launched. It is reported that the comprehensive test area will promote 10,000 enterprises to speed up digital transformation and intelligent development in cross-border electronic commerce in 18 years, cultivate 300 new foreign trade new service and new manufacturing benchmark enterprises, nearly 100 major sellers with annual cross-border e-commerce sales of more than 10 million US dollars, and more than 50 new cross-border e-commerce brands. Peng jiaqi, vice president of Amazon’s global store, said: “we are more confident to do more activities with the comprehensive test area to promote the development of cross-border inHangzhou, so that Amazon can be used as a platform to help Hangzhou enterprises establish international brands in the world.” Yu Yong, vice president of Alibaba Group, said: “We have gained a lot in the cooperation process between Ali and the comprehensive test area. We also hope to do more exploration for the entire infrastructure of cloud credit, cloud payment and cloud logistics for the future…

    November 12, 2019
    1.7K0
  • 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
  • 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
  • First 10 months this year, China’s foreign trade increased by 2.4%

    According to customs statistics, in the first 10 months of this year, China’s total import and export value of goods was 1 trillion yuan, up from the same period last year. 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 dropped by 1 trillion yuan. Among them, the export was trillion yuan, up; Imports dropped by 1 trillion yuan. The trade surplus was 100 million yuan, up 33%. Measured in US dollars, the total value of China’s imports and exports in the first 10 months was 1 trillion US dollars, down. Among them, the export was trillion US dollars, down; Imports of trillions of US dollars fell; The trade surplus was US$ 100 million, up 3.5%. In October, the total value of China’s imports and exports dropped by 100 million US dollars. Among them, the export value dropped by 100 million US dollars. Imports dropped by 17 billion US dollars. The trade surplus reached 100 million US dollars, expanding. Huatai…

    November 9, 2019
    9930
  • 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
  • Foreign Trade Performance Steady in October, Import Decline Narrowed

    In October, foreign trade performance was generally stable, with a slight decrease in import and export, of which the decrease in import was larger than that in export. According to customs statistics, in dollar terms, in the first 10 months, China’s total import and export value was 3.74 trillion US dollars, down 2.5%. Of this total, exports reached US$ 2.04 trillion, down 0.2%. Imports reached US$ 1.7 trillion, down 5.1%. The trade surplus was 340.29 billion US dollars, up 34.9%. In October, China’s total import and export value was 383.05 billion US dollars, down 3.4%. Of this, exports reached 212.93 billion US dollars, down 0.9%. Imports totaled 170.12 billion US dollars, down 6.4%. The trade surplus was 42.81 billion US dollars, up 29.8%. “From the monthly data, it basically continued the performance in the first three quarters.” Gao Lingyun, a researcher at the World Economic and Political Research Institute of the Chinese Academy of Social Sciences, told China Business News, “The recent release of easing signals between China and the United States is conducive to boosting confidence. However, it is…

    November 12, 2019
    1.1K0
  • Winter Manual for Foreign Trade

    Special Topic: Yesterday’s beginning of winter Beginning of winter is one of the 24 solar terms. Dou refers to beginning of winter in the northwest and 225 in the sun and yellow meridians, which intersect between November 7 and 8 on the Gregorian calendar. Beginning of winter is a seasonal solar term, and beginning of winter said winter will begin from now on. After beginning of winter, the sunshine duration will continue to shorten and the noon sun height will continue to decrease. The ancients believed that on that day in beginning of winter, It is sunny and cold in winter. It is rainy day, it is warm winter. How does winter affect foreign trade? The impact of winter on foreign trade Climate conditions will directly affect international trade activities. Parts of Europe, Asia and North America in the northern hemisphere have extended into the cold Arctic Circle. As a result, some ports in high latitudes along the Pacific and North Atlantic coasts have too low temperatures and the ocean is frozen in autumn and winter, causing many ports to…

    November 9, 2019
    1.1K0
  • The growth rate is the highest in the province! In the first three quarters, the total value of our foreign trade import and export was 14.51 billion yuan

    Reporters recently learned from Maoming Customs that the total value of our foreign trade imports and exports in the first three quarters of this year was 14.51 billion yuan, an increase of 70.1% over the same period last year, ranking first in the province in terms of growth rate. Among them, exports reached 12.61 billion yuan, up 87.4% year on year. Imports were 1.9 billion yuan, up 5.4% year on year. The trade surplus was 1.97 billion yuan, an increase of 1.2 times. In September, the city’s total import and export value was 2.36 billion yuan, up 72.4% year-on-year. Among them, exports reached 2.17 billion yuan, up 85.7%. Imports reached 190 million yuan, down 4%. Exports of mechanical and electrical products produced by Maoming enterprises continued to grow.  

    November 12, 2019
    1.2K0
  • China International Import Expo

    On 2019 November 5, the China International Import Expo will be held in Shanghai and hosted by the Ministry of Commerce of the People’s Republic of China and the Shanghai Municipal People’s Government. Its aim is to firmly support trade liberalization and economic globalization and to actively open up markets to the world. This year, in addition to the existing three major sections of furniture and household products, beauty makeup and daily chemical products, and clothing and apparel accessories, the exhibition area will have a new section for mother, infant and children’s products, and a special section for high-end consumer goods and precious jade. Holding China’s International Import Expo is a major move by China to firmly support trade liberalization and economic globalization and to actively open its markets to the world. It is conducive to promoting the strengthening of economic and trade exchanges and cooperation among countries in the world, promoting global trade and world economic growth, and promoting the development of an open world economy.  

    December 13, 2019
    2.2K0