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China’s imports and exports rose 8.7 percent in January

2019-02-19

According to customs statistics, the total value of China’s import and export of goods in January was 2.73 trillion yuan, an increase of 8.7% over the same period last year. Exports totaled 1.5 trillion yuan, up 13.9 percent. Imports totaled 1.23 trillion yuan, up 2.9 percent. The trade surplus was 271.16 billion yuan, an increase of 1.2 times.

In dollar terms, China’s imports and exports totaled us $395.98 billion in January, up 4 percent. Of this, exports totaled us $217.57 billion, up 9.1 percent. Imports totaled us $178.41 billion, down 1.5 percent. The trade surplus was us $39.16 billion, an increase of 1.1 times.

General trade grew rapidly and its share increased

In January, China’s imports and exports of general trade totaled 1.66 trillion yuan, up 13 percent, accounting for 60.9 percent of China’s total foreign trade, up 2.3 percentage points from the same period last year. Exports totaled 896.3 billion yuan, up 20.9 percent. Imports totaled 766 billion yuan, up 5 percent. The trade surplus was 130.3 billion yuan, a tenfold increase. During the same period, the import and export of processing trade reached 680.7 billion yuan, down 0.9 percent or 24.9 percent, down 2.4 percentage points. Of this, exports totaled 435.86 billion yuan, up by 3 percent. Imports totaled 244.84 billion yuan, down 7 percent. The trade surplus was 19.02 billion yuan, an increase of 19.5 percent. In addition, China’s import and export through bonded logistics totaled 279.73 billion yuan, an increase of 9.3 percent, accounting for 10.2 percent of China’s total foreign trade. Among them, exports reached 90.69 billion yuan, up 13.9 percent. Imports totaled 189.04 billion yuan, up 7.2 percent.

Imports and exports to major markets such as the European Union, asean and Japan increased, while imports and exports to countries along the “One Belt And One Road” route increased faster than the overall growth rate

In January, china-eu trade totaled 444.84 billion yuan, up 17.6 percent, accounting for 16.3 percent of China’s total foreign trade. Among them, China’s exports to the eu reached 266.5 billion yuan, up by 20.5%. Imports from the eu reached 178.34 billion yuan, up 13.5 percent. The trade surplus with Europe reached 88.16 billion yuan, an increase of 37.7 percent. China’s total trade with asean was 356.6 billion yuan, up 7.8 percent, accounting for 13.1 percent of China’s total foreign trade. Among them, China’s exports to asean reached 203.46 billion yuan, up 17.6 percent. Imports from asean totaled 153.14 billion yuan, down 3%. The trade surplus with asean was 50.32 billion yuan, an increase of 2.3 times. The total value of china-us trade was 3.15.82 billion yuan, down by 10.1 percent, accounting for 11.6 percent of China’s total foreign trade. Among them, China’s exports to the United States reached 252.11 billion yuan, up by 1.9%. Imports from the United States reached 63.71 billion yuan, down 38.6 percent. The trade surplus with the us was 188.4 billion yuan, an increase of 31.2 percent. The total value of china-japan trade was 185.34 billion yuan, up by 6.5%, accounting for 6.8% of China’s total foreign trade. Exports to Japan reached 90.64 billion yuan, up 10.3 percent. Imports from Japan reached 94.7 billion yuan, up by 3%. The trade deficit with Japan was 4.06 billion yuan, narrowing by 58.4 percent. In the same period, China’s imports and exports to countries along the “One Belt And One Road” route totaled 770.8 billion yuan, an increase of 11.5 percent, 2.8 percentage points higher than the overall national growth rate, accounting for 28.2 percent of China’s total foreign trade, and an increase of 0.7 percentage points.

The import and export of private enterprises increased by double digits and their proportion increased

In January, the import and export of private enterprises reached 1.15 trillion yuan, an increase of 17 percent, accounting for 42.3 percent of China’s total foreign trade, an increase of 3 percentage points over the same period last year. Exports totaled 777.36 billion yuan, up 21.9% or 51.8% of the total value of exports. Imports totaled 377.62 billion yuan, up 7.9 percent and accounting for 30.7 percent of the total value of imports. In the same period, the import and export of foreign-invested enterprises reached 1.09 trillion yuan, up by 2.2%, accounting for 40.1% of China’s total foreign trade. Of this, exports totaled 576.47 billion yuan, up 5.7 percent. Imports totaled 518.09 billion yuan, down 1.5 percent. In addition, the import and export of state-owned enterprises totaled 469.82 billion yuan, up 6 percent or 17.2 percent of China’s total foreign trade. Exports totaled 145.64 billion yuan, up 8.3 percent. Imports totaled 324.18 billion yuan, up 5 percent.

Exports of mechanical and electrical products and labor-intensive products increased

In January, China exported 857.51 billion yuan of mechanical and electrical products, an increase of 11.5 percent, accounting for 57.1 percent of the total value of exports. Exports of electrical and electronic products totaled 381.51 billion yuan, up 8.7 percent. Machinery and equipment totaled 246.03 billion yuan, up 13.6 percent. In the same period, clothing exports reached 94.15 billion yuan, up 9.7 percent. Textile products totaled 78.73 billion yuan, up 19.7 percent. Furniture totaled 38.18 billion yuan, up 18.9 percent. Footwear totaled 35.62 billion yuan, up 14.2 percent. Plastic products totaled 29.93 billion yuan, up 29.4 percent. 18.02 billion yuan, up 21.4%; Toys totaled 15.81 billion yuan, up 37.9 percent. The export of these seven categories of labor-intensive products totaled 310.44 billion yuan, up 17.4 percent and accounting for 20.7 percent of the total export value. In addition, steel exports 6.19 million tons, an increase of 33.3 percent; 90,000 vehicles, up 16.3 percent.

Imports of crude oil, natural gas and other commodities increased, while imports of iron ore and soybeans decreased

In January, China imported 91.26 million tons of iron ore, down 9.1 percent. The average import price was 511.3 yuan per ton, up 7.4 percent. Crude oil was 42.6 million tons, up 5.1 percent, and the average import price was 3,021.1 yuan per ton, down 3.1 percent. The average import price was 576.4 yuan per ton, up 3.6 percent. The average import price of soybean was 3,101.5 yuan per ton, up 12.1%. Natural gas was 9.81 million tons, up 26.8%. The average import price was 3,416.2 yuan per ton, up 30.8%. The average import price was rmb3,681.7 per ton, up by 4.1%. 3.15 million tons of plastic of primary shape were imported, an increase of 7.4%. The average import price was 10, 400 yuan per ton, down 7.3%. 1.18 million tons of steel, down 1%, the average import price of 8178.3 yuan per ton, down 0.6%; The average import price was 44,900 yuan per ton, down 8.5 percent. In addition, imports of mechanical and electrical products reached 519.63 billion yuan, down 1.6 percent. Of these, 32.42 billion were integrated circuits, a decrease of 9.7 percent, or 160.02 billion yuan, or 3.5 percent. 80,000 vehicles, down 12.3 percent, were worth 27.82 billion yuan, down 1 percent.


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