Statistics released by the General Administration of Customs on December 7 show that in the first 11 months of this year, my country’s total import and export value was 37.96 trillion yuan, which was the same as the same period last year (the same below). Among them, exports were 21.6 trillion yuan, an increase of 0.3%; imports were 16.36 trillion yuan, a decrease of 0.5%; the trade surplus was 5.24 trillion yuan, an increase of 2.8%.
In US dollars, in the first 11 months of this year, my country’s total import and export value was US$5.41 trillion, a decrease of 5.6%. Among them, exports were US$3.08 trillion, down 5.2%; imports were US$2.33 trillion, down 6%; the trade surplus was US$748.13 billion, narrowing by 2.7%.
The main characteristics of my country’s import and export in the first 11 months of this year:
General trade imports and exports grew, and their proportion increased. In the first 11 months, my country’s general trade import and export reached 24.58 trillion yuan, an increase of 1.6%, accounting for 64.8% of China’s total foreign trade value, 1 percentage point higher than the same period last year. Among them, exports were 13.94 trillion yuan, an increase of 2%; imports were 10.64 trillion yuan, an increase of 1%. During the same period, the import and export of processing trade was 6.97 trillion yuan, a decrease of 9.7%, accounting for 18.4%. Among them, exports were 4.5 trillion yuan, down 8.6%; imports were 2.47 trillion yuan, down 11.6%. In addition, my country’s import and export through bonded logistics reached 4.99 trillion yuan, an increase of 6.6%. Among them, exports were 1.98 trillion yuan, an increase of 10.3%; imports were 3.01 trillion yuan, an increase of 4.3%.
Imports and exports to ASEAN increased, and imports from the EU increased. In the first 11 months, ASEAN was China’s largest trading partner. The total trade value between China and ASEAN was 5.8 trillion yuan, an increase of 0.1%, accounting for 15.3% of China’s total foreign trade value. Among them, exports to ASEAN were 3.33 trillion yuan, a decrease of 0.1%; imports from ASEAN were 2.47 trillion yuan, an increase of 0.4%; the trade surplus with ASEAN was 850.06 billion yuan, narrowing by 1.7%. The EU is my second largest trading partner. The total trade value between China and the EU was 5.03 trillion yuan, a decrease of 2.2%, accounting for 13.2%. Among them, exports to the EU were 3.22 trillion yuan, a decrease of 5.8%; imports from the EU were 1.81 trillion yuan, an increase of 5%; the trade surplus with the EU was 1.41 trillion yuan, a decrease of 16.7%. The United States is China’s third largest trading partner. The total trade value between China and the United States was 4.26 trillion yuan, a decrease of 6.9%, accounting for 11.2%. Among them, exports to the United States were 3.21 trillion yuan, down 8.5%; imports from the United States were 1.05 trillion yuan, down 1.6%; the trade surplus with the United States was 2.16 trillion yuan, narrowing by 11.6%. Japan is China’s fourth largest trading partner. The total trade value between China and Japan was 2.04 trillion yuan, a decrease of 6.2%, accounting for 5.4%. Among them, exports to Japan were 1.01 trillion yuan, down 3.3%; imports from Japan were 1.03 trillion yuan, down 8.8%; the trade deficit with Japan was 10.97 billion yuan, narrowing by 85.4%. During the same period, my country’s total imports and exports to countries co-building the “Belt and Road” were 17.65 trillion yuan, an increase of 2.6%. Among them, exports were 9.7 trillion yuan, an increase of 6.9%; imports were 7.95 trillion yuan, a decrease of 2.1%.
The import and export of private enterprises maintained growth. In the first 11 months, the import and export of private enterprises was 20.24 trillion yuan, an increase of 6.1%, accounting for 53.3% of China’s total foreign trade value, an increase of 3.1 percentage points over the same period last year. Among them, exports were 13.62 trillion yuan, an increase of 5.3%, accounting for 63% of the total export value; imports were 6.62 trillion yuan, an increase of 7.6%, accounting for 40.5% of the total import value. The import and export of state-owned enterprises was 6.08 trillion yuan, a decrease of 0.8%, accounting for 16% of China’s total foreign trade value. Among them, exports were 1.72 trillion yuan, an increase of 0.4%; imports were 4.36 trillion yuan, a decrease of 1.2%. During the same period, the import and export of foreign-invested enterprises was 11.54 trillion yuan, a decrease of 9%, accounting for 30.4% of China’s total foreign trade value. Among them, exports were 6.23 trillion yuan, down 9.3%; imports were 5.31 trillion yuan, down 8.7%.
Mechanical and electrical products accounted for nearly 60% of exports, with exports of mobile phones and automobiles growing. In the first 11 months, my country exported 12.66 trillion yuan of mechanical and electrical products, an increase of 2.8%, accounting for 58.6% of the total export value. Among them, automatic data processing equipment and its parts were 1.2 trillion yuan, a decrease of 17.2%; mobile phones were 885.25 billion yuan, an increase of 3.3%; automobiles were 652.92 billion yuan, an increase of 79.6%. During the same period, exports of Laomi products were 3.73 trillion yuan, down 2.6%, accounting for 17.3%. Among them, clothing and clothing accessories were 1.02 trillion yuan, down 3.3%; textiles were 865.57 billion yuan, down 3.7%; plastic products were 639.13 billion yuan, up 0.5%. Exports of agricultural products were 628.65 billion yuan, an increase of 6.6%.
Imports of major commodities such as iron ore, crude oil, coal, natural gas and soybeans increased. In the first 11 months, my country imported 1.078 billion tons of iron ore, an increase of 6.2%, and the average import price (the same below) was 788.8 yuan per ton, an increase of 2.3%; crude oil was 516 million tons, an increase of 12.1%, and a decrease of 13.1% to 4,192 yuan per ton. %; coal 427 million tons, an increase of 62.8%, 785.1 yuan per ton, a decrease of 19.6%; natural gas 107 million tons, an increase of 8.5%, 3715 yuan per ton, a decrease of 11.4%; soybeans 89.625 million tons, an increase of 13.3%, 4237.3 yuan per ton yuan, down 5.1%; refined oil products were 43.225 million tons, an increase of 86.6%, and 4,123.7 yuan per ton, down 18.8%. In addition, 26.995 million tons of primary-shaped plastics were imported, a decrease of 3.7%, to 10,800 yuan per ton, a decrease of 12.5%; 5.042 million tons of unwrought copper and copper materials were imported, a decrease of 5.9%, to 61,000 yuan per ton, a decrease of 1.1%. During the same period, imported mechanical and electrical products were 5.91 trillion yuan, down 6.5%.
In November this year, my country’s import and export reached 3.7 trillion yuan, an increase of 1.2%. Among them, exports were 2.1 trillion yuan, an increase of 1.7%; imports were 1.6 trillion yuan, an increase of 0.6%; the trade surplus was 490.82 billion yuan, an increase of 5.5%. In US dollars, my country’s import and export volume in November this year was US$515.47 billion, which was the same as the same period last year. Among them, exports were US$291.93 billion, an increase of 0.5%; imports were US$223.54 billion, a decrease of 0.6%; the trade surplus was US$68.39 billion, an increase of 4%.
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