Recently, the General Administration of Customs of China announced import and export data for the first half of the year and June.
June single month import and export value year-on-year "3 consecutive decline"
According to customs statistics,In June of this year, my country's imports and exports were 3488.32 billion yuan, a year-on-year decrease of 6%. This is the third consecutive month of decline in year-on-year growth since April this year.
Among them, exports were 1989.78 billion yuan, down 8.3 percent year-on-year; imports were 1498.54 billion yuan, down 2.6 percent year-on-year; and the trade surplus was 491.25 billion yuan.
In dollar terms, China's exports fell 12.4 per cent in June from a year earlier, two consecutive months of negative export growth.
In the first half of the year, the scale of import and export exceeded 20 trillion yuan for the first time.
According to customs statistics, the total value of my country's import and export of goods in the first half of the year was 20.1 trillion billion yuan, an increase of 2.1 percent year-on-year. Among them, exports were 11.46 trillion yuan, up 3.7 percent year-on-year. Imports were 8.64 trillion yuan, down 0.1 percent year-on-year.
In the first half of the year, the scale of China's foreign trade import and export exceeded 20 trillion yuan for the first time in the same period in history. This is the first time in the same period in history, and it is a milestone new breakthrough.
Among them, the first quarter and the second quarter reached 9.76 trillion yuan and 10.34 trillion yuan respectively, both achieving positive growth year on year. From a month-on-month perspective, imports and exports in the second quarter increased by 6% over the first quarter, and both increased by 1.2 in May and June.
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The scale of import and export of private enterprises is growing
In the first half of the year, China's private enterprises imported and exported 10.59 trillion billion yuan, an increase of 8.9 percent over the same period last year, accounting for 52.7 percent of the total value of imports and exports, an increase of 3.3 percentage points over the same period last year.
The total export of three new products, such as electric manned vehicles, lithium batteries and solar cells, increased by 61.6, driving the overall export growth by 1.8 percentage points.
During the same period, foreign-invested enterprises imported and exported 6.16 trillion yuan and state-owned enterprises 3.29 trillion yuan, accounting for 30.7 percent and 16.4 percent of the total value of imports and exports, respectively.
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The growth rate of import and export to "the belt and road initiative" is significantly higher than that of the whole.
In the first half of the year, China's import and export to ASEAN, the largest trading partner, was 3.08 trillion billion yuan, an increase of 5.4 per cent over the same period last year, accounting for 15.3 per cent of the total value of imports and exports;
imports and exports to the eu amounted to 2.75 trillion billion yuan, up 1.9 percent, or 13.7 percent;
Imports and exports to the United States 2.25 trillion yuan, down 8.4 percent, accounting for 11.2 percent.
During the same period, my country's imports and exports to countries along the "Belt and Road" increased by 9.8, which was 7.7 percentage points higher than the overall growth rate, accounting for 34.3, and an increase of 2.4 percentage points year-on-year;
Imports and exports to other RCEP members increased by 1.5.
The proportion of exports of mechanical and electrical products increased.
In the first half of the year, China's exports of mechanical and electrical products totaled 6.66 trillion billion yuan, an increase of 6.3 percent over the same period last year, accounting for 58.2 percent of the total export value, an increase of 1.4 percentage points over the same period last year.
Among them, the export of electrical equipment, automobiles and their spare parts, and general machinery and equipment was 636.06 billion, 621.19 billion, and 200.44 billion yuan respectively, an increase of 27.7, 58.5, and 12.2 respectively.
during the same period, exports of labor-intensive products were 1.97 trillion billion yuan, up 0.04 percent.
Among them, clothing and clothing accessories, plastic products, shoes and boots were exported 516.94 billion, 343.42 billion, 172.93 billion yuan, an increase of 0.7, 3.2, 0.4, respectively.
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Imports of bulk commodities and consumer goods are growing faster.
In the first half of the year, China's imports of energy, ore, grain and other commodities increased by 17.1.
Among them, 0.561 billion tons of energy products such as crude oil, natural gas and coal were imported, an increase of 33.2 percent;
Imports of iron, aluminum and other metal ore 0.71 billion tons, an increase of 8.3.
During the same period, imported consumer goods were 974.84 billion billion yuan, up 6.6 percent, of which meat and edible aquatic products increased by 9.5 percent and 30 percent respectively.
At the same time, cross-border e-commerce continued to maintain a good momentum of development, effectively helping China's foreign trade stable scale and excellent structure.
According to preliminary customs statistics, in the first half of this year, the advantages and potential of cross-border e-commerce in "buying the world and selling the world" continued to be released, with imports and exports of 1.1 trillion billion yuan, an increase of 16% over the same period last year. Among them, exports of 821 billion yuan, an increase of 19.9; imports of 276 billion yuan, an increase of 5.7.
Price factors are a drag on imports.
In terms of imports, the year-on-year growth rate has been negative for four consecutive months.
According to analysts, this is mainly because commodity prices have fallen in the context of slowing global economic growth, and price factors have dragged down imports.
Customs data show that in June, China's crude oil imports rose 45.3 percent year-on-year, but the amount of imports fell 1.4 percent year-on-year;
Imports of copper ore and concentrates increased by 3.2 percent year-on-year, and imports fell by 7.6 percent year-on-year;
Imports of iron ore and its concentrates increased by 7.4 percent year-on-year, and the amount of imports decreased by 15.1 percent year-on-year.
In the first half of this year, the value of imports fell 6.7 per cent year-on-year in dollar terms.
Among the top three import markets, imports from ASEAN fell 5.5 percent year-on-year, imports from the EU fell 1.4 percent year-on-year, and imports from Latin America rose 0.9 percent year-on-year.
The General Administration of Customs said that at present, inflation in major developed economies is still at a high level, geopolitical conflicts continue, short-term external demand recovery momentum is insufficient, China's foreign trade steady growth is still facing greater pressure.
But at the same time, we must also see that the fundamentals of my country's economic resilience, great potential, and long-term improvement have not changed. With the continuous development of a series of policy measures, we have the confidence, foundation, and conditions to achieve import and export stability and quality improvement. aims.
Lu Daliang, a spokesperson for the General Administration of Customs and Director of the Statistical Analysis Department, believes that, specifically, my country's economic operation rebounded in the first half of the year, and foreign trade imports and exports withstood the pressure, stabilized the scale, and improved the quality. expected.
"With regard to foreign trade in the second half of the year, we feel both pressure and confidence." Lu Daliang said.
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