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China's foreign trade imports and exports grew steadily In past eight months

2022-09-08

According to customs statistics, in the first eight months of this year, China'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, an increase of 14.2%; Imports were 11.82 trillion yuan, an increase of 5.2%; The trade surplus was 3.66 trillion yuan, an increase of 58.2%.

In August, China's total import and export value was 3.71 trillion yuan, an increase of 8.6%. Among them, exports were 2.12 trillion yuan, an increase of 11.8%; Imports were 1.59 trillion yuan, an increase of 4.6%; The trade surplus was 535.91 billion yuan, an increase of 40.4%.

Li Kuiwen, director of the statistics and Analysis Department of the General Administration of customs, said that since the beginning of this year, in the face of the complex and severe foreign trade development environment, China has effectively coordinated epidemic prevention and control and economic and social development, continuously issued a series of policies to stabilize foreign trade, promoted the stabilization of the overall market, expansion of advantages and vitality of foreign trade, and achieved stable growth.

The import and export of general trade increased by double digits and increased in proportion. In the first eight months, China's general trade imports and exports were 17.55 trillion yuan, an increase of 14.1%, accounting for 64.3% of China's total foreign trade value, an increase of 2.3 percentage points over the same period last year. China's imports and exports through bonded logistics amounted to 3.33 trillion yuan, an increase of 9%.

Imports and exports to ASEAN, the European Union, the United States and other major trading partners increased. In the first eight months, the total value of trade with ASEAN was 4.09 trillion yuan, an increase of 14%; The total value of trade with the EU was 3.75 trillion yuan, an increase of 9.5%; The total value of Sino US trade was 3.35 trillion yuan, an increase of 10.1%. Over the same period, China's imports and exports to countries along the "the Belt and Road" totaled 8.77 trillion yuan, an increase of 20.2%.

"In recent years, China has unswervingly promoted the high-quality development of jointly building the 'the Belt and Road', and its trade with countries along the belt and road has grown rapidly. In August, China's import and export to countries along the belt and road increased by 23.8% year-on-year, driving the overall import and export growth by 6.9 percentage points." Li Kuiwen said.

The import and export of private enterprises grew rapidly and increased in proportion. In the first eight months, the import and export volume of private enterprises was 13.68 trillion yuan, an increase of 14.9%, accounting for 50.1% of China's total foreign trade value, an increase of 2.1 percentage points over the same period last year.

Exports of mechanical and electrical products and labor-intensive products increased. In the first eight months, China exported 8.75 trillion yuan of mechanical and electrical products, an increase of 9.8%, accounting for 56.5% of the total export value. Over the same period, the export of labor-intensive products was 2.81 trillion yuan, an increase of 14.1%, accounting for 18.1%.

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