General Administration Of Customs: Favorable Balance Of Trade In Imports And Exports Continues To Decline.

The General Administration of Customs announced on the 11 day of the first 7 months of this year the import and export of our country's foreign trade.

According to customs statistics, as at the end of July, China's foreign trade import and export amounted to US $1 trillion and 482 billion 110 million, an increase of 26.4% over the same period last year.

Of which, exports of US $802 billion 910 million, an increase of 22.6%, and imports of US $679 billion 200 million, an increase of 31.1%.

The cumulative trade surplus of US $123 billion 720 million was 9.6% lower than the same period last year and a net decrease of US $13 billion 100 million.

Customs statistics show that in July, China's import and export value was 248 billion 70 million US dollars, an increase of 29.8%.

Of which, exports amounted to 136 billion 680 million US dollars, an increase of 26.9%, and imports of US $111 billion 400 million, an increase of 33.7%.

In the import and export trade, the proportion of general trade increased significantly, and general trade imports rose sharply.

According to customs statistics, imports and exports of general trade for the first 7 months were 720 billion 500 million US dollars, up 36.3%, accounting for 48.6% of China's total import and export value in the same period, up 3.5 percentage points over the same period last year.

Among them, imports of 348 billion 130 million US dollars, an increase of 49.8%, an increase of 24.8 percentage points over the same period last year.

During the same period, the growth of import and export of processing trade was flat. In the first 7 months, the import and export volume of processing trade reached US $607 billion 140 million, an increase of 15.8%.

In the bilateral trade with my main trading partners, the EU was the largest trading partner in China in the first 7 months, and the total trade value of China and the EU increased by 243 billion 140 million US dollars, an increase of 27.9%. Of them, I exported 165 billion 40 million dollars to the European Union, an increase of 27.1%. I imported 78 billion 100 million dollars from Europe, an increase of 29.8%, and a trade surplus of 86 billion 940 million dollars to the EU, 24.9% increase over the same period last year, and the surplus growth rate dropped by 29 percentage points.

In the same period, the United States was the second largest trading partner of China, and the total trade volume between China and the United States increased by 13.2%, 189 billion 110 million percentage points, 4.3 percentage points lower than the same period last year.

Among them, I exported $140 billion 390 million to the US, an increase of 9.9%, from the US $48 billion 720 million, an increase of 23.8%, a trade surplus of US $916.7, an increase of 3.8% over the same period last year and a rise of a 15 percentage point surplus.

Japan is still the third largest trading partner. In the first 7 months, the bilateral trade value of China and Japan increased by US $154 billion 930 million, an increase of 19.2%. Of them, I exported 65 billion 480 million US dollars to Japan, an increase of 15.9%, from Japan to US $89 billion 450 million, an increase of 21.6%, and a trade deficit of $23 billion 980 million to Japan, an increase of 7 billion dollars over the same period last year.

India continues to be the eighth largest trading partner in China. Bilateral trade between China and India is worth 33 billion 520 million US dollars, an increase of 63.8%, and the pace of development is at the top of the top 10 largest trading partners.

Customs statistics show that in the first 7 months, the total value of Guangdong's imports and exports was US $388 billion 780 million, an increase of 14%, accounting for 26.2% of the total imports and exports of the same period.

Over the same period, the total import and export value of Jiangsu and Shanghai was 229 billion 520 million US dollars and 188 billion 600 million US dollars respectively, increasing by 21.9% and 23.3% respectively.

Beijing's import and export growth rate has accelerated significantly, with an import and export value of US $162 billion 740 million, an increase of 56%, an increase of 38.2 percentage points over the same period last year.

The total imports and exports of the 4 provinces and cities accounted for 65.4% of the total import and export value of the same period.

In export commodities, the export of mechanical and electrical products is growing well.

In the first 7 months, the export of mechanical and electrical products in China was 464 billion 220 million US dollars, up 25.7%, accounting for 57.8% of the total export value of the same period, up by 1.4 percentage points over the same period last year.

Among them, the export of electrical and electronic products was 191 billion 260 million US dollars, an increase of 24.6%, and the export of machinery and equipment was US $152 billion 620 million, an increase of 23.8%.

The export of high-tech products was 233 billion 420 million US dollars, an increase of 22.5%.

The export growth of traditional commodities shows signs of slowing down.

Among them, clothing and clothing accessories exported $62 billion 490 million, an increase of 3.4%, down 19.6 percentage points over the same period last year; textile yarn, fabrics and products exports 37 billion 870 million US dollars, an increase of 24.4%, an acceleration of 11.9 percentage points; footwear exports 16 billion 550 million U. S. dollars, an increase of 14.2%, down 4.3 percentage points; plastic products exports 8 billion 330 million U. S. dollars, dropped 1%, dropped by 8 billion 330 million percentage points.