Import And Export Continued To Grow In October, And Manufacturing Industry Exports To High-End Development.

In October, the import and export of foreign trade continued the growth trend of last month, with stable exports and weak imports. Positive changes have taken place in the export structure and the trade surplus will remain at a high level.

In bilateral trade with major trading partners, I have maintained an increase in imports and exports to the European Union, the United States and ASEAN.

Although the export growth rate has been callback in October, there has been a positive change in the export structure.

Data show that in the first 10 months of this year, China's general trade and processing trade import and export increased simultaneously.

According to the data released by the General Administration of Customs on 8, in October, the total value of China's imports and exports was 2 trillion and 270 billion yuan, an increase of 8.4% over the same period last year.

Among them, exports amounted to 1 trillion and 270 billion yuan, an increase of 11.5% over the same period, and imports of 1 trillion yuan, an increase of 4.6% over the previous year, and a trade surplus of 278 billion 700 million yuan and an expansion of 45.2%.

According to customs statistics, in the first 10 months of this year, the total value of China's imports and exports was 21 trillion and 700 billion yuan, up 2.5% over the same period last year.

Among them, exports were 11 trillion and 700 billion yuan, an increase of 4.4%; imports of 10 trillion yuan, an increase of 0.3%; trade surplus of 1 trillion and 700 billion yuan, an expansion of 36.6%.

"In October, the import and export of foreign trade continued the growth trend of last month, with stable exports and weak imports. Positive changes have taken place in the export structure, and the trade surplus will remain at a high level."

Customs spokesman Zheng Yuesheng said.

In bilateral trade with major trading partners, I have maintained an increase in imports and exports to the European Union, the United States and ASEAN.

In the first 10 months, bilateral trade between China and the EU totaled 3 trillion and 120 billion yuan, an increase of 9.8%, accounting for 14.4% of our total foreign trade; the total trade between China and the United States was 2 trillion and 780 billion yuan, an increase of 5.5%, accounting for 12.8% of our total foreign trade value; and the total value of bilateral trade between ASEAN and China was 2 trillion and 400 billion yuan, increasing by 7.4%, accounting for 11.1% of our total foreign trade.

In addition, Sino Japanese bilateral trade totaled 1 trillion and 590 billion yuan, a slight decrease of 0.1%, and bilateral trade between the mainland and Hongkong amounted to 1 trillion and 820 billion yuan, down 10.1%.

Although the export growth rate has been callback in October, there has been a positive change in the export structure.

Data show that in the first 10 months of this year, China

The import and export of processing trade increased synchronously.

Among them, general trade import and export 11 trillion and 700 billion yuan, an increase of 4.9%, accounting for me.

The total value of 54.1% was 1.3 percentage points higher than that of the same period last year. The import and export of processing trade increased by 7 trillion yuan, an increase of 2.1%, accounting for 32.3% of our total foreign trade value, down 0.1 percentage points from the same period last year.

From the perspective of specific commodities, exports of mechanical and electrical products accounted for 1.4% of China's export commodities in the first 10 months of this year, and exports of traditional labour intensive products, including clothing, footwear, toys, luggage and other 7 categories, increased by 5%.

It is worth mentioning that the precious metal exports and the "high" to Hong Kong trade, which had been concerned before, fell back to normal in October.

Experts said that the mechanical and electrical products represented by high-speed rail frequently won the bid overseas, indicating that China's manufacturing exports are gradually expanding to the high end of the industrial chain, and they are expected to become a new business card made in China.

What we need to pay attention to is

China's imports remain weak compared to the growth trend.

From the data, the increase in imports is partly related to the fall in international commodity prices, but it also highlights the current situation of insufficient domestic demand and downward pressure.

The latest index of China's foreign trade export index is 41.7, down 1.6 from September, indicating that the growth rate of exports in the next 2 to 3 months will slow down.

Among them, export managers, new export orders index and export managers confidence index declined to varying degrees compared with September, while the comprehensive cost index of export enterprises rose slightly.

The 116th Canton Fair, which has just concluded, also confirms the above judgment.

According to statistics, the total export turnover of the Canton Fair was 29 billion 160 million US dollars, a decrease of 8% over the same period last year, and the first time in the past 5 years it has fallen below 30 billion US dollars.

Despite the analysis, the expansion of Ebola hemorrhagic fever during the Canton Fair resulted in a 13.8% reduction in the number of African traders than in the spring Canton Fair, but to some extent, China's exports still face challenges such as industrial pfer and inadequate external demand.