In the first eight months of 2022, China's total foreign trade import and export value increased by 10.1

In the first eight months, China's total import and export value was 27.3 trillion billion yuan, an increase of 10.1 percent over the same period last year (the same below). The trade surplus was 3.66 trillion yuan, an increase of 58.2. There are four main characteristics: 1. Double-digit growth in general trade imports and exports (14.1 per cent) and an increase in the proportion; 2. Import and export growth to major trading partners such as ASEAN, the European Union and the United States, with ASEAN becoming our largest trading partner; 3. Rapid growth in imports and exports of private enterprises and an increase in the proportion. It accounts for 50.1 per cent of China's total foreign trade value; 4. Exports of mechanical and electrical products and labor-intensive products increased. 56.5 per cent of total exports.

According to customs statistics, in the first eight months of this year, my country's total import and export value was 27.3 trillion yuan, an increase of 10.1 over the same period last year (the same below). Among them, exports were 15.48 trillion yuan, up 14.2 percent; imports were 11.82 trillion yuan, up 5.2 percent; and the trade surplus was 3.66 trillion yuan, up 58.2 percent. In US dollar terms, the total value of China's imports and exports in the first eight months was 4.19 trillion US dollars, up 9.5 per cent. Of this total, exports were $2.38 trillion, up 13.5 per cent; imports were $1.81 trillion, up 4.6 per cent; and the trade surplus was $560.52 billion, up 56.7 per cent.

In August, China's total import and export value of 3.71 trillion yuan, an increase of 8.6. Among them, exports were 2.12 trillion yuan, up 11.8 percent; imports were 1.59 trillion yuan, up 4.6 percent; and the trade surplus was 535.91 billion yuan, up 40.4 percent. In dollar terms, the total value of our imports and exports in August was $550.45 billion, up 4.1 per cent. Of this total, exports were $314.92 billion, up 7.1 per cent; imports were $235.53 billion, up 0.3 per cent; and the trade surplus was $79.39 billion, up 34.1 per cent.

General trade import and export double-digit growth, the proportion of increased.In the first eight months, my country's general trade imports and exports totaled 17.55 trillion billion yuan, an increase of 14.1 percent, accounting for 64.3 percent of China's total foreign trade value, an increase of 2.3 percentage points over the same period last year. Among them, exports of 9.96 trillion yuan, an increase of 20.1; imports of 7.59 trillion yuan, an increase of 7%. In the same period, the import and export of processing trade was 5.48 trillion yuan, up 3.5 percent, accounting for 20.1 percent. Among them, exports of 3.46 trillion yuan, an increase of 5.1; imports of 2.02 trillion yuan, an increase of 0.9. In addition, China's import and export of 3.33 trillion yuan through bonded logistics, up 9%. Among them, exports of 1.26 trillion yuan, an increase of 13.7; imports of 2.07 trillion yuan, an increase of 6.3.

Imports and exports to major trading partners such as ASEAN, the European Union and the United States increased.In the first eight months, ASEAN was my largest trading partner. The total value of my trade with ASEAN was 4.09 trillion yuan, an increase of 14%, accounting for 15% of my total foreign trade value. The EU is my second largest trading partner. The total value of my trade with the EU is 3.75 trillion billion yuan, an increase of 9.5 percent, accounting for 13.7 percent. The United States is my third largest trading partner. The total value of Sino-US trade was 3.35 trillion billion yuan, an increase of 10.1 percent, accounting for 12.3 percent. South Korea is my fourth largest trading partner, and the total value of trade between China and South Korea is 1.6 trillion yuan, an increase of 7.8 percent, accounting for 5.9 percent. During the same period, China's imports and exports to countries along the "the belt and road initiative" totaled 8.77 trillion yuan, up 20.2 percent. Among them, exports of 4.96 trillion yuan, an increase of 20.4; imports of 3.81 trillion yuan, an increase of 20%.

The import and export of private enterprises increased rapidly and the proportion increased.In the first eight months, the import and export of private enterprises totaled 13.68 trillion billion yuan, an increase of 14.9 percent, accounting for 50.1 percent of China's total foreign trade value, an increase of 2.1 percentage points over the same period last year. Among them, exports were 9.3 trillion billion yuan, an increase of 20.2 percent, accounting for 60 percent of the total export value; imports were 4.38 trillion billion yuan, an increase of 5 percent, accounting for 37.1 percent of the total import value. During the same period, foreign-invested enterprises imported and exported 9.17 trillion yuan, an increase of 2.4 percent, accounting for 33.6 percent of China's total foreign trade value. Imports and exports of state-owned enterprises totaled 4.4 trillion yuan, up 15.1 percent, accounting for 16.1 percent of China's total foreign trade value.

Exports of mechanical and electrical products and labor-intensive products both increased.In the first eight months, China exported 8.75 trillion billion yuan of mechanical and electrical products, an increase of 9.8 percent, accounting for 56.5 percent of the total export value. Of this total, 1.05 trillion yuan for automatic data processing equipment and its components, up 3.5 percent; 555.39 billion yuan for mobile phones, up 4.2 percent; and 216.8 billion yuan for automobiles, up 57.6 percent. during the same period, exports of labor-intensive products amounted to 2.81 trillion billion yuan, up 14.1 percent, or 18.1 percent. Of this total, clothing and accessories were 772.19 billion yuan, up 12.8 percent; textiles were 665.6 billion yuan, up 10.8 percent; and plastic products were 462.99 billion yuan, up 15.1 percent. In addition, exports of 46.225 million tons of steel, down 3.9 per cent; 29.816 million tons of refined oil, down 33.5 per cent; and 14.13 million tons of fertilizer, down 37.9 per cent.

Import prices of iron ore fell, while imports of crude oil, coal, natural gas and soybeans fell.In the first eight months, my country imported 0.723 billion tons of iron ore, a decrease of 3.1 percent, and the average import price was 827.8 yuan per ton, a decrease of 29.4 percent. Over the same period, 0.33 billion tons of imported crude oil, down 4.7 percent, the average import price of 4792.1 yuan per ton, up 56.8 percent; 0.168 billion tons of coal, down 14.9 percent, the average import price of 1021.3 yuan per ton, up 81.2 percent; 71.045 million tons of natural gas, down 10.2 percent, the average import price of 3882.2 yuan per ton, up 61.6 percent; 61.329 million tons of soybeans, down 8.6 percent, the average import price of 4354.5 yuan per ton, up 25.6 percent; the primary form of plastic 19.933 million tons, down 12.9 percent, the average import price of 12600 yuan per ton, up 11.6 percent; refined oil 15.104 million tons, down 15.9 percent, the average import price of 5338.3 yuan per ton, up 39.9 percent. In addition, imports of unwrought copper and copper 3.903 million tons, an increase of 8.1, the average import price of 64000 yuan per ton, an increase of 6.4. During the same period, imports of mechanical and electrical products 4.56 trillion yuan, down 3.9. Among them, integrated circuits 1.81 trillion yuan, an increase of 3.1; cars (including chassis) 240.56 billion yuan, an increase of 0.7.