General Administration Of Customs: Export And Import Both Achieved Positive Growth In June

Statistics released by the General Administration of Customs on July 14 showed that in the first half of this year, China's total import and export value of goods trade was 14.24 trillion yuan, a year-on-year decrease of 3.2%, and the decline rate was 1.7 percentage points narrower than the previous five months. Among them, export was 7.71 trillion yuan, down 3%; import was 6.53 trillion yuan, down 3.3%. Specifically, China's foreign trade import and export in the first half of this year mainly has the following seven characteristics:

First, the import and export of foreign trade in the first half of the year was better than expected. In June, both exports and imports achieved positive growth. From the quarter, after experiencing the first quarter shock, the import and export in the second quarter stabilized. In the second quarter of this year, China's foreign trade import and export reached 7.67 trillion yuan, a year-on-year decrease of 0.2% and a decrease of 6.3 percentage points compared with the first quarter. From the monthly point of view, since April, exports have achieved positive growth for three consecutive months. In June, imports and exports increased by 5.1% year-on-year, including export growth of 4.3% and import growth of 6.2%.

Second, the import and export of private enterprises increased against the trend, which played a more prominent role in the steady growth of foreign trade. In the first half of the year, the import and export of private enterprises, the largest business entity of foreign trade, reached 6.42 trillion yuan, an increase of 4.9%, accounting for 45.1% of China's total foreign trade value, an increase of 3.5 percentage points over the same period last year. Among them, exports were 4.14 trillion yuan, an increase of 3.2%, accounting for 53.7% of the total export value; imports were 2.28 trillion yuan, an increase of 8.1%, accounting for 34.9% of the total import value. Over the same period, the import and export of foreign-invested enterprises reached 5.55 trillion yuan, accounting for 39%. The import and export of state-owned enterprises reached 2.22 trillion yuan, accounting for 15.6%.

Third, the import and export to ASEAN continued to grow, and ASEAN has become China's largest trading partner. In the first half of the year, China's import and export to ASEAN reached 2.09 trillion yuan, an increase of 5.6%, accounting for 14.7% of China's total foreign trade value; China's import and export to the EU was 1.99 trillion yuan, a decrease of 1.8%; and China's import and export to the United States was 1.64 trillion yuan, a decrease of 6.6%. In addition, China's import and export to countries along the "belt and road" totaled 4.2 trillion yuan, a slight decrease of 0.9%, 2.3 percentage points lower than that of the whole.

Fourth, the proportion of general trade import and export increased, and the structure of trade mode was continuously optimized. In the first half of the year, China's general trade imports and exports reached 8.55 trillion yuan, down 2.6%, accounting for 60.1% of China's total foreign trade value, an increase of 0.4 percentage points over the same period last year. Among them, exports were 4.56 trillion yuan, down 2%; imports were 3.99 trillion yuan, down 3.2%. The import and export of processing trade was 3.36 trillion yuan, down 8%, accounting for 23.6%.

Fifthly, the import and export of the central and western regions maintained growth, and the domestic regional layout was more balanced. In the first half of the year, the import and export of China's eastern region reached 11.39 trillion yuan, a decrease of 4.7%, and that of the central and western regions was 2.38 trillion yuan, an increase of 5.7%, accounting for 16.7% of China's total foreign trade value, and the proportion increased by 1.4 percentage points.

Sixth, the export of epidemic prevention materials and "housing economy" products increased rapidly, and the decline rate of mechanical and electrical products and labor-intensive products was lower than the overall decline. In the first half of the year, the export of textiles including masks increased by 32.4%, the export of medical materials and medicines, medical instruments and devices increased by 23.6% and 46.4% respectively. The increase of consumption of "housing economy" led to the growth of notebook computer and mobile phone export by 9.1% and 0.2% respectively. Over the same period, China's export of mechanical and electrical products was 4.52 trillion yuan, down 2.3%, accounting for 58.6% of the total export value; the export of seven categories of labor-intensive products such as textiles and clothing was 1.5 trillion yuan, down 1.4%, accounting for 19.4%.

7. Increase in import and export of agricultural commodities was the main focus. In the first half of the year, 2.33 billion tons of imports and exports were supervised by the customs, an increase of 6.6%. Among them, 1.56 billion tons were imported, an increase of 8.3%. From the perspective of major commodities, imports of iron ore 547 million tons, an increase of 9.6%; imports of crude oil 269 million tons, an increase of 9.9%; imports of coal 174 million tons, an increase of 12.7%; imports of natural gas 48.359 million tons, an increase of 3.3%. Over the same period, imports of some agricultural products increased, including 45.044 million tons of soybeans, an increase of 17.9%; 2.213 million tons of pork, an increase of 1.4 times; and 997000 tons of beef, an increase of 42.9%.