In the first three quarters, China's import and export grew by 9.9%

Yuanfarchemical: In the first three quarters, China's import and export grew by 9.9%

On October 24, the data released by the General Administration of Customs showed that China's total import and export value in the first three quarters of this year was 31.11 trillion yuan, an increase of 9.9% over the same period last year (the same below). Among them, the export was 17.67 trillion yuan, up 13.8%; Import reached 13.44 trillion yuan, up 5.2%; The trade surplus was 4.23 trillion yuan, an increase of 53.7%.

In September, China's total import and export value was 3.81 trillion yuan, an increase of 8.3%. Among them, the export reached 2.19 trillion yuan, up 10.7%; Imports reached 1.62 trillion yuan, up 5.2%; The trade surplus was 573.57 billion yuan, an increase of 29.9%.

The data also shows that China's foreign trade shows a series of highlights. From the perspective of trade mode, the import and export of general trade increased by double digits and the proportion increased. In the first three quarters, China's general trade import and export reached 19.92 trillion yuan, an increase of 13.7%, accounting for 64% of China's total foreign trade, 2.1 percentage points higher than the same period last year. Over the same period, the import and export of processing trade reached 6.27 trillion yuan, an increase of 3.4%, accounting for 20.2%. In addition, China's imports and exports in the form of bonded logistics reached 3.83 trillion yuan, up 9.2%.

From the perspective of trade partners, imports and exports to ASEAN, the EU, the United States and other major trade partners increased. In the first three quarters, ASEAN was China's largest trading partner. The total trade value between China and ASEAN was 4.7 trillion yuan, an increase of 15.2%, accounting for 15.1% of China's total foreign trade value. The EU is China's second largest trading partner. The total trade value between China and the EU is 4.23 trillion yuan, up 9%, accounting for 13.6%. The United States is our third largest trading partner. The total value of our trade with the United States was 3.8 trillion yuan, an increase of 8%, accounting for 12.2%. South Korea is our fourth largest trading partner. The total trade value between China and South Korea is 1.81 trillion yuan, up 7.1%, accounting for 5.8%. Over the same period, China's imports and exports to countries along the "the Belt and Road" totaled 10.04 trillion yuan, an increase of 20.7%.

From the perspective of market players, the import and export of private enterprises grew rapidly and their proportion increased. In the first three quarters, the import and export of private enterprises reached 15.62 trillion yuan, an increase of 14.5%, accounting for 50.2% of China's total foreign trade value, 2 percentage points higher than the same period last year. Among them, the export value was 10.61 trillion yuan, up 19.5%, accounting for 60% of the total export value; Imports reached 5.01 trillion yuan, up 5.4%, accounting for 37.3% of the total import value.

From the perspective of product structure, the export of mechanical and electrical products and labor-intensive products increased. In the first three quarters, China exported 10.04 trillion yuan of mechanical and electrical products, an increase of 10%, accounting for 56.8% of the total export value. Among them, automatic data processing equipment and its parts and components totaled 1.18 trillion yuan, up 1.9%; Mobile phones totaled 672.25 billion yuan, up 7.8%; Automobiles totaled 259.84 billion yuan, up 67.1%. Over the same period, the export of labor-intensive products reached 3.19 trillion yuan, up 12.7%, accounting for 18%. Among them, clothing and clothing accessories amounted to 880.65 billion yuan, up 11.1%; Textiles reached 747.46 billion yuan, up 9.7%; Plastic products reached 525.93 billion yuan, up 14.5%. In addition, 51.209 million tons of steel were exported, down 3.4%; 35.451 million tons of refined oil, down 27.6%; 17265000 tons of fertilizer, a decrease of 33.8%.