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January-October import and export data released
Nov 08,2023
According to customs statistics, before this yearIn the past 10 months, China's total import and export value was 34.32 trillion yuan, up 0.03 percent from the same period last year (the same below).Among them, export19.55 trillion yuan, up 0.4 percent; imports 14.77 trillion yuan, down 0.5 percent; trade surplus 4.78 trillion yuan, up 3.2 percent. In US dollar terms, in the first 10 months of this year, the total value of China's imports and exports was 4.9 trillion US dollars, down 6%. Of this total, exports were $2.79 trillion, down 5.6 per cent; imports were $2.11 trillion, down 6.5 per cent; and the trade surplus was $684.04 billion, down 2.7 per cent.
This yearIn October, China's import and export of 3.54 trillion yuan, an increase of 0.9. Among them, exports were 1.97 trillion yuan, down 3.1 percent; imports were 1.57 trillion yuan, up 6.4 percent; and the trade surplus was 405.47 billion yuan, down 27.9 percent. In US dollar terms, in October this year, China's imports and exports 493.13 billion US dollars, down 2.5 percent. Of this total, exports were $274.83 billion, down 6.4 per cent; imports were $218.3 billion, up 3 per cent; and the trade surplus was $56.53 billion, down 30.8 per cent.
Before this year10 months of China's import and export main features:
general trade import and exportgrowth, the proportion of increased. BeforeIn the past 10 months, China's general trade import and export totaled 22.26 trillion billion yuan, an increase of 1.8 percent, accounting for 64.9 percent of China's total foreign trade value, an increase of 1.1 percentage points over the same period last year. Among them, exports of 12.63 trillion yuan, an increase of 2.1; imports of 9.63 trillion yuan, an increase of 1.3. During the same period, the import and export of processing trade was 6.29 trillion yuan, down 10.3 percent, accounting for 18.3 percent. Among them, exports of 4.07 trillion yuan, down 8.9; imports of 2.22 trillion yuan, down 12.8. In addition, China's import and export in the form of bonded logistics was 4.5 trillion yuan, an increase of 6.7. Among them, exports of 1.78 trillion yuan, an increase of 10.3; imports of 2.72 trillion yuan, an increase of 4.4.
Import and Export to ASEANGrowth, growth in imports from the EU and the United States. BeforeIn 10 months, ASEAN has become my largest trading partner. The total value of my trade with ASEAN is 5.23 trillion billion yuan, an increase of 0.9, accounting for 15.2 of my total foreign trade value. Among them, exports to ASEAN were 3 trillion yuan, an increase of 0.6 percent; imports from ASEAN were 2.23 trillion yuan, an increase of 1.3 percent; and the trade surplus with ASEAN was 769.64 billion yuan, narrowing by 1.6 percent. The EU is my second largest trading partner. The total value of my trade with the EU was 4.59 trillion billion yuan, down 1.6 per cent, accounting for 13.4 per cent. Among them, exports to the EU were 2.94 trillion yuan, down 5 per cent; imports from the EU were 1.65 trillion yuan, up 5.1 per cent; and the trade surplus with the EU was 1.29 trillion yuan, narrowing 15.3 per cent. The United States is my third largest trading partner. The total value of my trade with the United States was 3.86 trillion yuan, down 7.6 percent, accounting for 11.2 percent. Among them, exports to the United States were 2.91 trillion yuan, down 9.9 percent; imports from the United States were 948.87 billion yuan, up 0.2 percent; and the trade surplus with the United States was 1.96 trillion yuan, narrowing 14.1 percent. Japan is my fourth largest trading partner. The total value of my trade with Japan was 1.84 trillion yuan, down 6.5 percent, accounting for 5.4 percent. Among them, exports to Japan were 919.36 billion yuan, down 2.9 percent; imports from Japan were 924.01 billion yuan, down 9.8 percent; and the trade deficit with Japan was 4.65 billion yuan, narrowing 94.1 percent. During the same period, China's imports and exports to the countries jointly building "the belt and road initiative" totaled 15.96 trillion yuan, up 3.2 percent. Among them, exports were 8.78 trillion yuan, up 7.7 percent, while imports were 7.18 trillion yuan, down 1.8 percent.
private enterprises import and exportMaintain growth. BeforeIn 10 months, the import and export of private enterprises totaled 18.24 trillion billion yuan, an increase of 6.2 percent, accounting for 53.1 percent of China's total foreign trade value, an increase of 3.1 percentage points over the same period last year. Among them, exports were 12.3 trillion billion yuan, up 5.6 percent, accounting for 62.9 percent of the total export value; imports were 5.94 trillion billion yuan, up 7.4 percent, accounting for 40.2 percent of the total import value. Imports and exports of state-owned enterprises totaled 5.51 trillion yuan, down 0.2 percent, accounting for 16.1 percent of China's total foreign trade value. Among them, exports were 1.56 trillion yuan, up 0.5 percent, while imports were 3.95 trillion yuan, down 0.6 percent. During the same period, the import and export of foreign-invested enterprises was 10.48 trillion yuan, down 9.2 percent, accounting for 30.5 percent of China's total foreign trade value. Among them, exports of 5.67 trillion yuan, down 9.4; imports of 4.81 trillion yuan, down 9%.
export of mechanical and electrical productsProportion60%, agricultural exports increased. In the first 10 months, China exported 11.43 trillion billion yuan of mechanical and electrical products, an increase of 2.8 percent, accounting for 58.5 percent of the total export value. Among them, 1.09 trillion yuan for automatic data processing equipment and its parts, down 17.5 percent; 762.9 billion yuan for mobile phones, down 2 percent; and 582.43 billion yuan for automobiles, up 88.5 percent. During the same period, exports of labor-intensive products amounted to 3.4 trillion yuan, down 2.4 per cent, or 17.4 per cent. Among them, clothing and accessories 934.18 billion yuan, down 3.1; textiles 787.93 billion yuan, down 3.9; plastic products 578.3 billion yuan, up 1.1. in addition, exports of agricultural products were 563.09 billion billion yuan, up 6.7 percent.
Major commodities such as iron ore, crude oil, coal, natural gas and soybeansImport volume increased. BeforeIn 10 months, my country imported 0.976 billion tons of iron ore, an increase of 6.5, and the average import price (the same below) was 782.6 yuan per ton, an increase of 0.1; crude oil 0.473 billion tons, an increase of 14.4, 4144.2 yuan per ton, a decrease of 14.1; coal 0.384 billion tons, an increase of 66.8%, 788.8 yuan per ton, a decrease of 19.4%; natural gas 96.508 million tons, an increase of 8.8%, 3702.2 yuan per ton, a decrease of 9.6%; soybeans 82.415 million tons, up 14.6 percent, 4252.7 yuan per ton, down 4.1 percent; refined oil 38.848 million tons, up 93.6 percent, 4094.3 yuan per ton, down 20.5 percent. Over the same period, imports of mechanical and electrical products 5.31 trillion yuan, down 7.6.
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