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111General Administration of Customs: China's foreign trade imports and exports increased by 6% in August

2020-09-14
Core reminder: The data released by the General Administration of Customs on the 7th showed that in August, China's foreign trade imports and exports were 2.88 trillion yuan, an increase of 6% over the same period last year (the same below). Among them, exports were 1.65 trillion yuan, an increase of 11.6%
According to data released by the General Administration of Customs on the 7th, in August, China's foreign trade imports and exports were 2.88 trillion yuan, an increase of 6% over the same period last year (the same below). Among them, exports were 1.65 trillion yuan, an increase of 11.6%; imports were 1.23 trillion yuan, a decrease of 0.5%; the trade surplus was 416.59 billion yuan, an increase of 74.4%.
Since the beginning of this year, China's foreign trade has gradually stabilized. According to customs statistics, in the first eight months, the total value of China's trade in goods was 20.05 trillion, down 0.6%, and the rate of decline narrowed by 1.1 percentage points compared with the previous seven months. Among them, exports were 11.05 trillion yuan, an increase of 0.8%; imports were 9 trillion yuan, a decrease of 2.3%; the trade surplus was 2.05 trillion yuan, an increase of 17.2%.
From the perspective of trade structure, general trade imports and exports increase and the proportion increases. In the first eight months, China's general trade imports and exports amounted to 12.09 trillion yuan, an increase of 0.5%, accounting for 60.3% of China's total foreign trade value, an increase of 0.7 percentage points over the same period last year. In addition, China imported 2.43 trillion yuan in bonded logistics, an increase of 4.8%. Among them, exports were 828.55 billion, an increase of 7.8%; imports were 1.6 trillion, an increase of 3.3%.
As for trading partners, imports and exports to ASEAN, the European Union and Japan increased, while imports to the United States fell slightly. In the first eight months, ASEAN was China's largest trading partner. The total trade value between China and ASEAN was 2.93 trillion, an increase of 7%, accounting for 14.6% of China's total foreign trade. The EU is China's second largest trading partner, with a total trade value of 2.81 trillion with the EU, an increase of 1.4%, accounting for 14% of China's total foreign trade value. The total value of Sino-US trade was 2.42 trillion, down 0.4%, accounting for 12.1% of China's total foreign trade. The total value of Sino-Japanese trade is 1.4 trillion, an increase of 1%, accounting for 7% of China's total foreign trade.
Private enterprises performed outstandingly, and their imports and exports maintained growth and their proportions further increased. In the first eight months, the import and export of private enterprises was 9.21 trillion, an increase of 8.5%, accounting for 45.9% of China's total foreign trade value, an increase of 3.9 percentage points over the same period last year. Among them, exports were 6.07 trillion yuan, an increase of 8.3%, accounting for 54.9% of the total export value; imports were 3.14 trillion yuan, an increase of 8.9%, accounting for 34.9% of the total import value.
Exports of mechanical and electrical products, textiles and plastic products increased. In the first eight months, China exported 6.47 trillion yuan in mechanical and electrical products, an increase of 2.1%, accounting for 58.5% of the total export value. Among them, the export of automatic data processing equipment and its parts was 901.48 billion, an increase of 8.4%; mobile phones were 488.73 billion, an increase of 8.9%.
In terms of imports, imports of iron ore, crude oil, coal, natural gas and soybeans increased in volume and prices fell. In the first eight months, China imported 760 million tons of iron ore, an increase of 11%, and the average import price was 652.4 per ton, a decrease of 0.2%; crude oil was 368 million tons, an increase of 12.1%, and the average import price was 2306.4 per ton, a decrease of 30.1%. . In addition, imports of mechanical and electrical products were 4.05 trillion yuan, an increase of 2%

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