# Customs: Chinas total import and export value dropped by 3.2percent in August to $394.76 billion.

According to customs statistics, in the first eight months of this year, Chinas total value of import and export of goods trade was 20.13 trillion yuan, an increase of 3.6% over the same period last year (the same below). Among them, exports increased by 6.1% to 10.95 trillion yuan, imports by 9.18 trillion yuan to 0.8% and trade surplus by 1.77 trillion yuan to 46%.

In dollar terms, the total value of Chinas import and export in the first eight months was US$2.95 trillion, down by 2%. Among them, $1.6 trillion in exports, an increase of 0.4%, $1.35 trillion in imports, a decrease of 4.6%, and $259.27 billion in trade surplus, an increase of 37.1%.

In August, Chinas total import and export value was 394.76 billion US dollars, down 3.2%. Among them, exports dropped by 1%, imports by 5.6% and trade surplus by 34.84 billion US dollars, or 32.5%.

First, general trade has increased and its proportion has increased. In the first eight months, Chinas general trade imports and exports totaled 12.03 trillion yuan, an increase of 5.4%, accounting for 59.8% of our total foreign trade value, an increase of 1 percentage point over the same period last year. Among them, exports amounted to 6.44 trillion yuan, an increase of 9.4%; imports amounted to 5.59 trillion yuan, an increase of 1%; and trade surplus amounted to 849.49 billion yuan, an increase of 1.4 times. In the same period, the import and export of processing trade dropped by 3.3% to 5.02 trillion yuan, accounting for 24.9% and 1.8 percentage points. Among them, export was 3.18 trillion yuan, down 1.6%; import was 1.84 trillion yuan, down 5.9%; trade surplus was 1.34 trillion yuan, expanding by 4.9%.

In addition, Chinas import and export of bonded logistics is 2.31 trillion yuan, an increase of 9.9%, accounting for 11.5% of the total value of our foreign trade. Among them, exports amounted to 767.97 billion yuan, an increase of 14%, while imports amounted to 1.55 trillion yuan, an increase of 8%.

Two, the growth rate of imports and exports in major markets such as the European Union, ASEAN and Japan is higher than that of the whole country. In the first eight months, the EU was Chinas largest trading partner, with a total trade value of 3.15 trillion yuan, an increase of 9.7%, accounting for 15.6% of Chinas total foreign trade. Among them, exports to the EU increased by 11.8%, imports from the EU increased by 6.7% and trade surplus with Europe increased by 22.9% to 65.97 billion yuan. ASEAN is Chinas second largest trading partner. Its total trade value with ASEAN is 2.74 trillion yuan, an increase of 11.7%, accounting for 13.6% of our total foreign trade value. Among them, exports to ASEAN amounted to 1.53 trillion yuan, an increase of 15.7%; imports from ASEAN amounted to 1.21 trillion yuan, an increase of 6.9%; trade surplus with ASEAN amounted to 329.5 billion yuan, an increase of 65.4%.

Third, the import and export of private enterprises have increased rapidly, and their proportion has increased. In the first eight months, private enterprises imported and exported 8.49 trillion yuan, an increase of 11.2%, accounting for 42.2% of Chinas total foreign trade value, an increase of 2.9 percentage points over the same period last year. Among them, exports increased by 13.7% to 5.61 trillion yuan, accounting for 51.2% of the total value of exports; imports increased by 6.6% to 2.88 trillion yuan, accounting for 31.3% of the total value of imports. Over the same period, foreign-invested enterprises imported and exported 8.09 trillion yuan, down 1.8%, accounting for 40.2% of the total value of our foreign trade. Among them, exports amounted to 4.27 trillion yuan, an increase of 0.2%, while imports amounted to 3.82 trillion yuan, a decrease of 3.9%.

In addition, the import and export of state-owned enterprises amounted to 3.48 trillion yuan, down 0.1%, accounting for 17.3% of the total value of our foreign trade. Among them, exports dropped by 5.4% to 1.06 trillion yuan, while imports increased by 2.5% to 2.42 trillion yuan.

4. Exports of mechanical and electrical products and labor-intensive products have maintained growth. In the first eight months, Chinas exports of mechanical and electrical products amounted to 6.34 trillion yuan, an increase of 5.6%, accounting for 57.9% of the total export value. Among them, the export of electrical and electronic products was 2.83 trillion yuan, an increase of 7%, while the export of mechanical equipment was 1.87 trillion yuan, an increase of 3.3%. In the same period, garment exports increased by 66.92 billion yuan, an increase of 12.2%; textiles by 54.11 billion yuan, an increase of 68%; furniture by 23.99 billion yuan, an increase of 81%; footwear by 215.51 billion yuan, an increase of 64%; plastic products by 211.31 billion yuan, an increase of 18.2%; toys by 129.3 billion yuan, an increase of 33.7%; bags and boxes by 120.6 billion yuan, an increase of 56%; the above-mentioned seven categories of labor-intensive products Exports totaled 2.13 trillion yuan, an increase of 7.3%, accounting for 19.4% of the total export value. In addition, steel exports decreased by 4.4% to 44.97 million tons, while automobiles increased by 4% to 790,000 tons.

5. Imports of crude oil, coal, natural gas and other commodities increased, imports of iron ore and soybeans decreased, and the average price of imports of commodities rose and fell mutually. In the first eight months, China imported 685 million tons of iron ore, a decrease of 3.5%, the average import price was 644.3 yuan per ton, an increase of 43.3%; crude oil 328 million tons, an increase of 9.6%, the average import price was 3285.7 yuan per ton, a decrease of 0.1%; coal 220 million tons, an increase of 8.1%, the average import price was 537.6 yuan per ton, a decrease of 62.2%; natural gas 63.04 million tons, an increase of 10.3%, and import. The average price is 2988.4 yuan per ton, up 15.7%; soybean 56.320 million tons, down 9.2%, import average price is 2731.9 yuan per ton, down 1.7%; plastics of primary shape is 23.990 million tons, up 11.1%, import average price is 10,000 yuan per ton, down 11%; refined oil 20.490 million tons, down 6%, import average price is 3790.4 yuan per ton, down 0.6%; steel 76 The average import price was 8,172.8 yuan per ton, up 0.6%. The average import price was 4.09 million tons, down 10.8%. The average import price was 45.4 million yuan per ton, down 3.5%.

In addition, the import of mechanical and electrical products was 3.96 trillion yuan, down by 3.1%. Among them, 27.94 billion integrated circuits, a decrease of 3.8%, value of 1.31 trillion yuan, a decrease of 0.8%; 700,000 cars, a decrease of 10.8%, value of 218.06 billion yuan, a decrease of 4.6%.