In July, China's Import And Export Value Was Far Lower Than Expected 8%, An Increase Of Only 1.4% Over The Same Period Last Year.

The General Administration of customs today announced the first 7 months of this year in China. foreign trade Import and export situation. According to customs statistics, the total value of China's imports and exports was US $2 trillion and 168 billion 370 million in 1-7 months, up 7.1% from the same period last year. Among them, exports amounted to 1 trillion and 131 billion 240 million US dollars, an increase of 7.8%; imports of US $1 trillion and 37 billion 130 million, an increase of 6.4%; and a trade surplus of US $94 billion 110 million.

Customs statistics show that in the month of July, the total value of China's imports and exports was 328 billion 730 million US dollars, an increase of 2.7%. Among them, exports amounted to 176 billion 940 million US dollars, an increase of 1%; imports of US $151 billion 790 million, an increase of 4.7%; a trade surplus of US $25 billion 150 million, narrowing 16.8%. After seasonally adjusted adjustment, China's import and export, exports and imports grew by 1.4%, 1.6% and 1.2% respectively in July.

In 1-7 months, China's general trade import and export amounted to US $1 trillion and 149 billion 620 million, an increase of 7.7%. Of which, exports of US $549 billion 820 million, an increase of 8.7%, and imports of US $599 billion 800 million, an increase of 6.9%. Over the same period, China's processing trade imports and exports reached 753 billion 210 million US dollars, an increase of 3.1%. Of which, exports of US $485 billion 670 million, an increase of 4.4%, and imports of US $267 billion 540 million, an increase of 0.6%.

In my bilateral trade with major trading partners, 1-7 months, bilateral trade between China and the EU amounted to US $315 billion 750 million, down 0.9%. Over the same period, Sino US bilateral trade totaled 271 billion 400 million US dollars, an increase of 10.5%. In addition, in 1-7 months, my bilateral trade with ASEAN totaled US $220 billion 570 million, an increase of 9%. Sino Japanese bilateral trade totaled 190 billion 860 million US dollars, down 0.2%. Over the same period, the total trade between China and Russia and Brazil was 50 billion 940 million and 49 billion 780 million US dollars, respectively, increasing by 17.7% and 10.3% respectively.

Customs statistics show that in 1-7 months, Guangdong's foreign trade import and export value was 539 billion 190 million US dollars, an increase of 5%. Over the same period, the total value of imports and exports of Jiangsu, Shanghai and Beijing were 307 billion 360 million, 252 billion 780 million and 241 billion 10 million US dollars, respectively, increasing by 0.7%, 2% and 11.1% respectively. In addition, the total import and export value of Zhejiang, Shandong and Fujian were 176 billion 900 million, 136 billion 720 million and 83 billion 690 million US dollars, respectively, increasing by 2%, 4.2% and 11.6% respectively. The total import and export value of the 7 provinces and cities accounts for 80.1% of China's total import and export value.

From the point of view of exports, Guangdong exported 315 billion 680 million US dollars in 1-7 months, an increase of 6.2%. Jiangsu, Zhejiang and Shanghai exported 181 billion 270 million, 125 billion 460 million and 119 billion 120 million US dollars, respectively, by 2.7%, 3.4% and 0.6% respectively. Over the same period, Shandong, Fujian and Beijing exported 71 billion 50 million, 52 billion and 33 billion 50 million US dollars, respectively, by 0.4%, 7.6% and 3.4% respectively. In addition, exports from the central and western regions maintained rapid growth, of which Chongqing's export growth was 2.1 times. The export growth rates of Henan, Sichuan and Jiangxi were 75.5%, 56.9% and 51.3%, respectively.

In the export commodities, the export of mechanical and electrical products increased rapidly. In 1-7 months, China's electromechanical products exported 649 billion 100 million US dollars, an increase of 9.1%. Compared with the same period, our overall export growth was 1.3 percentage points higher, accounting for 57.4% of the total export value. Among them, the export of electrical and electronic products was 258 billion 500 million US dollars, an increase of 6.1%, and the export of machinery and equipment was US $214 billion 120 million, an increase of 9.5%. In the same period, clothing Exports were 82 billion 930 million US dollars, down 0.2%; textiles 54 billion 470 million US dollars, down 0.2%; shoes Class 25 billion 690 million US dollars, an increase of 9.4%.

In import commodities, import prices of iron ore and aluminum fell significantly. According to customs statistics, 1-7 months, China's iron ore imports 4.2 million tons, an increase of 9.1%, the average import price of 138.5 U. S. dollars per ton, down 15.2%; soybean imports 34 million 920 thousand tons, an increase of 20.1%, the average import price of 560.2 U. S. dollars per ton, down 2.7%; In addition, mechanical and electrical products imported 429 billion 170 million US dollars, an increase of 1.3%, of which 710 thousand vehicles, an increase of 29.1%.