The increase in export of mechanical and electrical products in the first 8 months was higher than the overall increase in exports

The General Administration of Customs released today the import and export of foreign trade from January to August this year. According to customs statistics, in the first eight months, China’s total value of imports and exports was US$244.72 billion, an increase of 6.2% over the same period of last year (the same below). Among them, exports were 1309.11 billion U.S. dollars, an increase of 7.1%; imports were 118.51 billion U.S. dollars, an increase of 5.1%; trade surpluses were 120.6 billion U.S. dollars, an increase of 31.8%.

Customs statistics show that in August, China’s total value of imports and exports was 329.29 billion U.S. dollars, an increase of 0.2%. Among them, exports accounted for 177.98 billion U.S. dollars, an increase of 2.7 percent; imports reached 151.31 billion U.S. dollars, down 2.6 percent; trade surpluses reached 26.67 billion U.S. dollars.

General trade grew steadily, and processing trade grew weakly. In the first 8 months, China’s general trade imports and exports reached 1,327.55 billion U.S. dollars, an increase of 6.2%. Among them, exports were US$638.17 billion, up 7.7%; imports were US$682.58 billion, up 4.9%. The trade deficit under general trade was 44.41 billion U.S. dollars, narrowing 23.6%. During the same period, China's import and export of processing trade reached 865.71 billion U.S. dollars, an increase of 2.3%, which was lower than the overall growth rate of my foreign trade of 3.9 percentage points. Among them, exports were US$556.64 billion, up 3.5%; imports were US$309.07 billion, up 0.4%. The surplus under processing trade was US$247.57 billion, an increase of 7.6%.

In bilateral trade with major trading partners, in the first 8 months, China-EU bilateral trade volume totaled 365.05 billion U.S. dollars, a decrease of 1.9%. The total value of bilateral trade between China and the United States was 312.97 billion U.S. dollars, an increase of 9.6%. In the first eight months, the bilateral trade value between China and ASEAN was 252.87 billion U.S. dollars, an increase of 7.7%. The total value of bilateral trade between China and Japan was US$218.7 billion, a decrease of 1.4%. During the same period, the bilateral trade value between China and Russia and Brazil was 58.41 billion U.S. dollars and 57.41 billion U.S. dollars, up by 14.9% and 6.3% respectively.

Foreign trade in the seven provinces and cities such as Guangdong and Jiangsu accounted for 80% of the total, and exports from the central and western regions grew rapidly. In the first eight months, the total value of foreign trade in Guangdong's imports and exports was 626.1 billion U.S. dollars, an increase of 5.3%, accounting for 25.1% of my total foreign trade value. In the same period, the total value of Jiangsu's imports and exports was 353.21 billion U.S. dollars, which was flat compared to the same period of last year; the total value of imports and exports in Shanghai and Beijing was 289.65 billion U.S. dollars and 271.29 billion U.S. dollars, respectively, which increased by 1.1% and 8% respectively. In addition, the total import and export value of Zhejiang, Shandong, and Fujian were 204.18 billion, 157.3 billion, and 97.11 billion U.S. dollars, respectively, an increase of 0.8%, 2.9%, and 10.4%, respectively. The above-mentioned import and export value of the 7 provinces and cities accounted for 80% of the total import and export value of China. From the perspective of exports, the first eight months, Guangdong exported 365.03 billion US dollars, an increase of 5.8%. Jiangsu and Zhejiang respectively exported 208.7 billion U.S. dollars and 145.59 billion U.S. dollars, up 2.2% and 2.5% respectively; Shanghai and Shandong respectively exported 136.54 billion U.S. dollars and 820.5 U.S. dollars, both falling by 0.2%. During the same period, Fujian and Beijing respectively exported 60.48 billion and 38.45 billion U.S. dollars, respectively, an increase of 6.3% and 2.9% respectively. In addition, exports in the central and western regions maintained rapid growth, with Chongqing's export growth rate at 1.7 times, and Henan, Sichuan, and Jiangxi's export growth rates at 63.4%, 47.8%, and 43.3%, respectively.

Among export commodities, exports of mechanical and electrical products have increased steadily, and exports of textiles and clothing have fallen. In the first eight months, China's export of mechanical and electrical products was 748.84 billion U.S. dollars, an increase of 8.3%, which was 1.2% higher than the total growth rate of China's foreign trade exports during the same period, accounting for 57.2% of the total export value. Among them, the export of electrical and electronic products was 299.95 billion U.S. dollars, an increase of 6.1%; the export of machinery and equipment was 243.89 billion U.S. dollars, an increase of 7.2%. During the same period, garment exports reached US$99.48 billion, a decrease of 0.7%; textile exports reached US$62.51 billion, a decrease of 0.7%; footwear exports reached US$30.38 billion, an increase of 8.8%; furniture exports reached US$30.87 billion, an increase of 28.1%; and exports of plastic products reached US$19.86 billion. The growth was 36.3%; luggage exports were 15.88 billion U.S. dollars, an increase of 6.4%; toy exports were 6.94 billion U.S. dollars, an increase of 5.9%; the above 7 categories of labor-intensive products accounted for 20.3% of China's total exports, and the proportion decreased by 0.3% over the same period of last year. Percentage.

Among the imported goods, in the first 8 months, China imported 490 million tons of iron ore, an increase of 8.7%, the average import price was US$137.6 per ton, down 16.6%; the import of soybeans was 39.34 million tons, an increase of 17.4%, and the average import price was At US$566.9 per tonne, it was down by 1.4%; the import of plastics in the primary shape was 15.42 million tons, an increase of 2.3%, and the average import price was US$1965.5 per tonne, down 5.5%. In addition, imports of machinery and electronic products totaled 50.10 billion U.S. dollars, an increase of 1.7%; of which 819,000 vehicles were imported, an increase of 29.1%.