This year, China's foreign trade imports and exports increased by 7.6%

Today, according to customs statistics, in the first 10 months, the total value of China's imports and exports was 21.16 trillion yuan (equivalent to 3.4 trillion US dollars), and the deduction of the exchange rate factor increased by 7.6% year-on-year. Among them, exports were 11.2 trillion yuan (equivalent to US$1.8 trillion), an increase of 7.8%; imports were 9.96 trillion yuan (equivalent to US$1.6 trillion), an increase of 7.3%; trade surplus was 1.25 trillion yuan. *** (equivalent to US$200.46 billion), an increase of 12%.

Customs statistics show that in October, China’s total value of imports and exports was 2.09 trillion yuan (equivalent to US$339.7 billion), an increase of 6.5%. Among them, exports were 1.14 trillion yuan (equivalent to 185.4 billion U.S. dollars), an increase of 5.6%; imports were 0.95 trillion yuan (equivalent to 154.3 billion U.S. dollars), an increase of 7.6%; trade surpluses were 192.38 billion yuan (equivalent to 311 percent). (billion US dollars), narrowing 3.3%.

In the first 10 months, China’s general trade imports and exports totaled USD 179.65 billion, an increase of 8.5%, accounting for 52.8% of the total foreign trade value of China. Among them, exports accounted for 885.8 billion U.S. dollars, an increase of 9.2%, accounting for 49.2% of the total value of exports; imports of 910.55 billion U.S. dollars, an increase of 7.9%, accounted for 56.9% of the total value of imports. Under general trade, the deficit was 24.75 billion U.S. dollars, narrowing 24.3%. During the same period, China's import and export of processing trade reached 1,103.37 billion U.S. dollars, an increase of 0.5%, accounting for 32.5% of my total foreign trade value. Among them, exports accounted for 698.67 billion U.S. dollars, a decrease of 0.9%, accounting for 38.8% of the total value of exports, and imports of 404.7 billion U.S. dollars, an increase of 2.9%, accounting for 25.3% of the total value of imports. The trade surplus under processing trade was USD 293.97 billion, narrowing 5.7%.

In my bilateral trade with major trading partners, trade growth in the EU, the United States, and ASEAN, and trade in Japan declined. According to customs statistics, in the first 10 months, the bilateral trade value between China and the EU was US$ 456.09 billion, an increase of 0.5%. The total value of bilateral trade between China and the United States was 423.62 billion U.S. dollars, an increase of 6.9%. During the same period, the bilateral trade value between China and ASEAN was USD 358.95 billion, an increase of 10.9%. The total value of bilateral trade between the Mainland and Hong Kong was US$352.03 billion, an increase of 22.1%. The total value of bilateral trade between China and Japan was 255.98 billion U.S. dollars, a decrease of 7%.

In the first 10 months, Guangdong exported 897.29 billion US dollars, an increase of 12.4%. During the same period, the total value of imports and exports in Jiangsu and Shanghai were 452.35 billion and 361.16 billion U.S. dollars, respectively, an increase of 0.8% and a decrease of 0.5%; Beijing (including centrally-held units) imported and exported 358.05 billion U.S. dollars, an increase of 7.1%. In addition, the total import and export value of Zhejiang, Shandong, and Fujian were 274.35 billion, 214.79 billion, and 140.57 billion US dollars, respectively, an increase of 5.9%, 6.4%, and 10.9%. The above seven provinces and cities accounted for 79.4% of the total value of foreign trade. From the perspective of exports, in the first 10 months, Guangdong exported 519.73 billion U.S. dollars, an increase of 11.4%. Jiangsu and Zhejiang exported 270.58 billion U.S. dollars and 202.88 billion U.S. dollars, respectively, which increased by 1.1% and 8.9% respectively; Shanghai exported 167.51 billion U.S. dollars, down by 2.2%. During the same period, Shandong, Fujian, and Beijing exported 108.18 billion, 87.95 billion, and 52.62 billion U.S. dollars, respectively, up 2.6%, 10.3%, and 7.5% respectively. In addition, exports from the central and western regions maintained rapid growth. The export growth rates of the four provinces and regions in Henan, Jiangxi, Hubei, and Xinjiang were 19.8%, 18.9%, 17.5%, and 14.6%, respectively.

In the first 10 months, foreign-invested enterprises imported and exported 1,562.92 billion U.S. dollars, an increase of 0.4%. In the same period, the import and export of private enterprises reached US$113.25 billion, an increase of 22.2%, which was 14.6% higher than the overall growth of foreign trade. In addition, state-owned enterprises imported and exported 616.69 billion U.S. dollars, a decrease of 1.3%.

Among export commodities, exports of mechanical and electrical products have increased steadily, and exports of traditional labor-intensive products have shown good growth. Customs statistics show that in the first 10 months, China's export of mechanical and electrical products was US$1029.3 billion, an increase of 7.6%, accounting for 57.2% of the total export value. Among them, electrical appliances and electronic products exported 458.22 billion U.S. dollars, an increase of 17.7%; machinery and equipment 309.77 billion U.S. dollars, an increase of 1%. During the same period, garment exports reached US$145.8 billion, an increase of 11.5%; textiles reached US$87.76 billion, an increase of 11%; footwear reached US$41.26 billion, an increase of 7.9%; furniture reached US$41.62 billion, an increase of 5.7%; and plastics products reached US$28.3 billion, an increase of 9.1%; Bags were US$22.6 billion, up by 11.3%; Toys were US$10.52 billion, up 7.5%; the above seven categories of labor-intensive products totaled US$377.85 billion, up 10%, accounting for 21% of the total value of exports.

Among imported goods, the import prices of some energy and resource products have fallen. According to customs statistics, in the first 10 months, China imported 670 million tons of iron ore, an increase of 10.1%, the average import price was US$129.1 per ton, which fell by 2.3%; coal was 260 million tons, an increase of 17.3%, and the average import price was RMB per ton. US$89.8, down 13.1%; crude oil 230 million tons, an increase of 3.4%; average import price was US$777.9 per ton, down 4.8%; soybean 49.94 million tons, up 3.3%, average import price US$606 per ton, up 3.3% Refined oil 33.38 million tons, an increase of 3.8%, the average import price of 795.9 US dollars per ton, down 4.7%; primary shape of plastic 2002 tons, an increase of 2.1%, the average import price of 1993.6 US dollars per ton, up 2%; steel 11.62 million tons, an increase of 0.6%, the average import price of 1210.8 US dollars per ton, down 7.9%; not forged copper and copper 3.665 million tons, a decrease of 7%, the average import price of 7846.6 US dollars per ton, down 5.6%; not forged Aluminium and aluminum were 750,000 tons, a decrease of 27.3%, and the average import price was US$4363.9 per ton, up 9.8%. In addition, imports of machinery and electronic products totaled 692.16 billion U.S. dollars, an increase of 8.3%; of these, 951,000 were automobiles, a decrease of 1.2%.