China'S Foreign Trade Imports And Exports Grew By 2.4%. Private Enterprises Became The First Major Foreign Trade Entities.
Customs statistics show that in the first 11 months of this year, China's foreign trade import and export value was 28 trillion and 500 billion yuan, an increase of 2.4%, of which 15 trillion and 550 billion yuan was exported, an increase of 4.5%, and imports of 12 trillion and 950 billion yuan, unchanged from the same period last year. In the month of November, China's import and export value was 2 trillion and 860 billion yuan, an increase of 1.8%, of which, exports were 1 trillion and 570 billion yuan, an increase of 1.3%; imports of 1 trillion and 290 billion yuan, an increase of 2.5%.
Li Kuiwen, director of the Department of statistics and analysis of the General Administration of customs, said that since the beginning of this year, international economic and trade growth has slowed down. China's economy has been running smoothly and steadily, and its foreign trade has maintained a good resilience. In November, China's import and export growth rate was 2.2 percentage points faster than that in October. Imports rose from 2.5% to a month, reflecting the improvement of domestic demand.
General trade growth and proportion increase
In the first 11 months, China's general trade import and export volume was 16 trillion and 870 billion yuan, an increase of 4.8%, accounting for 59.2% of our total foreign trade, an increase of 1.4 percentage points over the same period last year. Among them, exports were 9 trillion and 20 billion yuan, an increase of 7.8%; imports of 7 trillion and 850 billion yuan, an increase of 1.5%; trade surplus of 1 trillion and 170 billion yuan, an expansion of 85.6%. Over the same period, the import and export volume of processing trade decreased by 5.4%, or 25.4%, or 7 trillion and 240 billion percentage points, or 2.1 percentage points. Among them, exports of 4 trillion and 610 billion yuan, down 3.6%; imports 2 trillion and 630 billion yuan, down 8.3%; trade surplus of 1 trillion and 980 billion yuan, 3.4% expansion. In addition, China's import and export of bonded logistics amounted to 3 trillion and 290 billion yuan, an increase of 7.4%, accounting for 11.5% of the total value of our foreign trade. Among them, exports were 1 trillion and 100 billion yuan, an increase of 11.8%; imports of 2 trillion and 190 billion yuan, an increase of 5.3%.
Import and export growth in major markets such as the European Union and ASEAN
The growth rate of imports and exports along the "one belt and one way" countries is higher than the whole. In the first 11 months, the total trade volume between China and Europe was 4 trillion and 400 billion yuan, an increase of 7.7%, accounting for 15.4% of our total foreign trade. Among them, exports to the European Union amounted to 2 trillion and 670 billion yuan, an increase of 9.5%; from the EU's imports of 1 trillion and 730 billion yuan, an increase of 4.9%; the trade surplus with Europe reached 935 billion 750 million yuan, expanding by 19.2%. My total trade with ASEAN was 3 trillion and 980 billion yuan, an increase of 12.7%, accounting for 14% of our total foreign trade.
Among them, exports to ASEAN amounted to 2 trillion and 220 billion yuan, an increase of 16.9%; from ASEAN to 1 trillion and 760 billion yuan, an increase of 7.8%; ASEAN's trade surplus was 468 billion 850 million yuan, expanding 70.9%. The total trade volume between China and the US was 3 trillion and 400 billion yuan, down 11.1%, accounting for 11.9% of our total foreign trade.
Among them, exports to the United States amounted to 2 trillion and 640 billion yuan, down by 8.4%; imports from the United States decreased by 763 billion 50 million; the trade surplus with the United States was 1 trillion and 880 billion yuan, narrowing 3%. The total trade volume between China and Japan was 1 trillion and 970 billion yuan, down 0.5%, accounting for 6.9% of our total foreign trade. Among them, exports to Japan amounted to 899 billion 60 million yuan, an increase of 2%; from Japan to 1 trillion and 70 billion yuan, a decrease of 2.4%; the trade deficit with Japan was 167 billion 840 million yuan, narrowing 20.7%.
Over the same period, China's total imports and exports totaled 9.9% yuan for the countries along the belt and the road, an increase of 9.9%, higher than the national growth rate by 7.5 percentage points, accounting for 29.3% of the total value of our foreign trade, and the proportion increased by 2 percentage points.
Rapid growth of import and export of private enterprises
The proportion of import and export of private enterprises has increased. In the first 11 months, private enterprises imported and exported 12 trillion and 120 billion yuan, an increase of 10.4%, accounting for 42.5% of our total foreign trade, up 3.1 percentage points over the same period last year.
Among them, exports amounted to 8 trillion yuan, an increase of 12.4%, accounting for 51.4% of the total value of exports, and imports of 4 trillion and 120 billion yuan, an increase of 6.5%, accounting for 31.8% of the total value of imports. Over the same period, foreign investment enterprises imported and exported 11 trillion and 460 billion yuan, down 3.7%, accounting for 40.2% of our total foreign trade. Among them, exports were 6 trillion and 80 billion yuan, down 2.4%; imports 5 trillion and 380 billion yuan, down 5.1%.
In addition, the import and export volume of state-owned enterprises was 4 trillion and 820 billion yuan, down 0.6%, accounting for 16.9% of the total value of our foreign trade. Among them, exports were 1 trillion and 460 billion yuan, down 5.2%; imports 3 trillion and 360 billion yuan, an increase of 1.6%.
Exports of electromechanical products and labor-intensive products continued to grow.
In the first 11 months, China's mechanical and electrical products exported 9 trillion and 90 billion yuan, an increase of 4%, accounting for 58.4% of the total value of exports. Among them, electrical and electronic products exports 4 trillion and 190 billion yuan, an increase of 5.3%; machinery and equipment 2 trillion and 600 billion yuan, an increase of 1.3%.
In the same period, clothing exports were 948 billion 90 million yuan, down 0.1%; textiles 751 billion 460 million yuan, an increase of 4.9%; furniture 332 billion 770 million yuan, an increase of 4.5%; footwear 295 billion 430 million yuan, an increase of 5.9%; plastic products 298 billion 580 million yuan, an increase of 15.8%; toys 198 billion 420 million yuan, growth of 198 billion 420 million; bags and Yuan Yuan, growth; In addition, 59 million 660 thousand tons of steel exports, 6.5% reduction; 1 million 110 thousand cars, an increase of 5%.
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