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Cow! In the first 10 months, China's total import and export value increased by 3.7

Nov 08,2024

 

2024years ago10In the next month, China's trade in goods delivered a report card of steady growth, with the total value of imports and exports reaching36.02Trillion yuan, year-on-year growth5.2%. Among them, exports20.8Trillion yuan to lead, growth6.7%; imports15.22Trillion yuan, growth3.2%; trade surplus5.58Trillion yuan, expand17.6%. In US dollars, the total value of imports and exports5.07Trillions of dollars, growth3.7%, export2.93Trillions of dollars, growth5.1%; imports2.14Trillions of dollars, growth1.7%; trade surplus7852.7Billions of dollars, expanded15.8%.

 

foreign trade structure optimization:

China's general trade and processing trade have both achieved growth. general trade import and export23.09Trillion yuan, growth3.9%, accounting for the total value of foreign trade64.1%, which exports13.58Trillion yuan, growth7.8%; imports9.51Trillion yuan, down1.2%. processing trade import and export6.53Trillion yuan, growth4%, accounted18.1%, export4.13Trillion yuan, growth1.6%; imports2.4Trillion yuan, growth8.3%. Bonded logistics way import and export5.09Trillion yuan, growth14%.

 

Diversification of trading partners:

ASEAN continues to maintain China's largest trading partner status, total trade value5.67Trillion yuan, growth8.8%. The European Union and the United States, respectively4.64trillions of dollars and4.01Trillion yuan ranked the second and third largest trading partners, respectively1.2%and4.4%. South Korea as the fourth largest trading partner, the total value of trade1.91Trillion yuan, growth6.7%.

 

strong vitality of private enterprises:

private enterprises import and export19.85Trillion yuan, growth9.3%, accounting for the total value of foreign trade55.1%, export13.37Trillion yuan, growth9.3%; imports6.48Trillion yuan, growth9.3%. import and export of foreign-invested enterprises10.61Trillion yuan, growth1.3%, export5.77Trillion yuan, growth1.9%; imports4.84Trillion yuan, growth0.5%. import and export of state-owned enterprises5.48Trillion yuan, down0.5%.

 

export product structure upgrade:

export of mechanical and electrical products12.36Trillion yuan, growth8.5%, as a share of the total value of exports59.4%. Exports of automatic data processing equipment and its components, integrated circuits and automobiles all achieved double-digit growth. export of labi products3.48Trillion yuan, growth3.2%.

 

stable growth of imported resources:

Imports of iron ore, coal and natural gas increased, and imports of crude oil and soybeans also increased, indicating China's stable demand for resources.

 

 

2024The steady growth of China's foreign trade and the expansion of its trade surplus not only reflect the resilience and vitality of China's economy, but also reflect China's important position in global trade. With the continuous changes in the global economic situation, China's foreign trade policies and enterprises will continue to adapt to and lead the new development trend.

 

 

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