In August, China'S Foreign Trade Increased By 6%, And The Import And Export To ASEAN, EU And Japan Increased

On September 7, the General Administration of Customs released import and export data for August. In the first eight months of this year, China's total value of imports and exports of goods trade was 20.05 trillion yuan, down 0.6% compared with the same period last year (the same below), and the decline rate was 1.1 percentage points narrower than that in the previous seven months. Among them, export was 11.05 trillion yuan, up 0.8%; import was 9 trillion yuan, down 2.3%; trade surplus was 2.05 trillion yuan, increasing by 17.2%.

In August, China's foreign trade import and export reached 2.88 trillion yuan, an increase of 6%. Among them, exports were 1.65 trillion yuan, an increase of 11.6%; imports were 1.23 trillion yuan, down 0.5%; trade surplus was 416.59 billion yuan, an increase of 74.4%.

The import and export of general trade increased and its proportion increased. In the first eight months, China's general trade import and export reached 12.09 trillion yuan, an increase of 0.5%, accounting for 60.3% of China's total foreign trade, an increase of 0.7 percentage points over the same period last year. Among them, exports were 6.59 trillion yuan, an increase of 2.5%; imports were 5.5 trillion yuan, down 1.7%. Over the same period, the import and export of processing trade decreased by 6.7% to 4.68 trillion yuan. Among them, exports were 2.97 trillion yuan, down 6.6%; imports were 1.71 trillion yuan, down 6.8%. In addition, China's imports and exports in the form of bonded logistics reached 2.43 trillion yuan, an increase of 4.8%. Among them, exports reached 828.55 billion yuan, an increase of 7.8%; imports reached 1.6 trillion yuan, an increase of 3.3%.

In addition, China's import and export to ASEAN, EU and Japan increased, while China's import and export to the United States decreased slightly. In the first eight months, ASEAN was China's largest trading partner. The total trade value between China and ASEAN was 2.93 trillion yuan, an increase of 7%, accounting for 14.6% of China's total foreign trade. Among them, China's export to ASEAN was 1.64 trillion yuan, an increase of 6.9%; China's import from ASEAN was 1.29 trillion yuan, an increase of 7.1%; China's trade surplus with ASEAN was 344.34 billion yuan, an increase of 6.2%. The EU is China's second largest trading partner, with a total trade value of 2.81 trillion yuan, an increase of 1.4%, accounting for 14% of China's total foreign trade. Among them, China's exports to the EU reached 1.72 trillion yuan, an increase of 5.3%; imports from the EU totaled 1.09 trillion yuan, down 4.1%; and the trade surplus with the EU was 628.92 billion yuan, an increase of 26.9%.

The United States is China's third largest trading partner. The total value of Sino US trade was 2.42 trillion yuan, down 0.4%, accounting for 12.1% of China's total foreign trade. Among them, China's exports to the United States were 1.87 trillion yuan, down 0.5%; imports from the United States were 549.32 billion yuan, an increase of 0.2%; and the trade surplus with the United States was 1.32 trillion yuan, a decrease of 0.8%. Japan is China's fourth largest trading partner. The total trade value between China and Japan is 1.4 trillion yuan, an increase of 1%, accounting for 7% of China's total foreign trade. Among them, exports to Japan totaled 638.72 billion yuan, an increase of 0.3%; imports from Japan totaled 766.06 billion yuan, an increase of 1.6%; and the trade deficit with Japan was 127.34 billion yuan, an increase of 8.7%.