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/

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