CCTV News (Reporter Li Hui): In the first eight months of 2024, China's total import and export value of goods trade (the same below) was 28.58 trillion yuan, a year-on-year increase of 6%. Among them, exports amounted to 16.45 trillion yuan, an increase of 6.9%; Imports amounted to 12.13 trillion yuan, an increase of 4.7%; The trade surplus was 4.32 trillion yuan, an increase of 13.6%. Measured in US dollars, China's total import and export value for the first 8 months was 4.02 trillion US dollars, an increase of 3.7%. Among them, exports amounted to 2.31 trillion US dollars, an increase of 4.6%; Imports amounted to 1.71 trillion US dollars, an increase of 2.5%; The trade surplus was 608.49 billion US dollars, an increase of 11.2%.
Main characteristics of China's imports and exports in the first 8 months of 2024:
1、 Growth in general trade imports and exports
In the first 8 months, China's general trade imports and exports amounted to 1.846 trillion yuan, an increase of 4.6%, accounting for 64.6% of China's total foreign trade value. Among them, exports amounted to 10.82 trillion yuan, an increase of 8%; Imports amounted to 7.64 trillion yuan, an increase of 0.1%. During the same period, the import and export of processing trade reached 5.04 trillion yuan, an increase of 4.1%, accounting for 17.6%. Among them, exports amounted to 3.17 trillion yuan, an increase of 1.1%; Imports amounted to 1.87 trillion yuan, an increase of 9.9%.
In addition, China's imports and exports through bonded logistics amounted to 4.03 trillion yuan, an increase of 16.2%. Among them, exports amounted to 1.55 trillion yuan, an increase of 13.3%; Imports amounted to 2.48 trillion yuan, an increase of 18.1%.
2、 Growth in imports and exports to ASEAN, EU, US, and South Korea
In the first 8 months, ASEAN was my largest trading partner, with a total trade value of 4.5 trillion yuan, an increase of 10%, accounting for 15.7% of my total foreign trade value. Among them, exports to ASEAN amounted to 2.69 trillion yuan, an increase of 13.1%; Imports from ASEAN amounted to 1.81 trillion yuan, an increase of 5.7%. The EU is my second largest trading partner, with a total trade value of 3.72 trillion yuan, an increase of 1.1%, accounting for 13%. Among them, exports to the European Union amounted to 2.44 trillion yuan, an increase of 2.9%; Imports from the European Union amounted to 1.28 trillion yuan, a decrease of 2.1%. The United States is my third largest trading partner, with a total trade value of 3.15 trillion yuan, an increase of 4.4%, accounting for 11%. Among them, exports to the United States amounted to 2.38 trillion yuan, an increase of 5%; Imports from the United States amounted to 778.93 billion yuan, an increase of 2.3%. South Korea is my fourth largest trading partner, with a total trade value of 1.51 trillion yuan, an increase of 8%, accounting for 5.3%. Among them, exports to South Korea amounted to 687.6 billion yuan, a decrease of 0.1%; Imports from South Korea amounted to 826.54 billion yuan, an increase of 15.8%.
Over the same period, China's imports and exports to countries jointly building the "the Belt and Road" totaled 13.48 trillion yuan, up 7%. Among them, exports amounted to 7.54 trillion yuan, an increase of 7.7%; Imports amounted to 5.94 trillion yuan, an increase of 6.1%.
3、 Import and export growth of private and foreign-funded enterprises
In the first 8 months, the import and export of private enterprises reached 1.574 trillion yuan, an increase of 10.5%, accounting for 55.1% of China's total foreign trade value, which is 2.3 percentage points higher than the same period last year. Among them, exports amounted to 10.62 trillion yuan, an increase of 9.8%, accounting for 64.6% of my total export value; Imports amounted to 5.12 trillion yuan, an increase of 11.9%, accounting for 42.2% of my total import value. During the same period, the import and export of foreign-invested enterprises reached 8.4 trillion yuan, an increase of 1.5%, accounting for 29.4% of China's total foreign trade value. Among them, exports amounted to 4.53 trillion yuan, an increase of 1.8%; Imports amounted to 3.87 trillion yuan, an increase of 1.1%. The import and export of state-owned enterprises amounted to 4.37 trillion yuan, a decrease of 0.1%, accounting for 15.3% of China's total foreign trade value. Among them, exports amounted to 1.27 trillion yuan, an increase of 2.6%; Imports amounted to 3.1 trillion yuan, a decrease of 1.1%.
4、 Mechanical and electrical products account for nearly 60% of exports, with exports of automatic data processing equipment and its components, integrated circuits, automobiles, and mobile phones growing
In the first 8 months, China's exports of mechanical and electrical products reached 9.72 trillion yuan, an increase of 8.8%, accounting for 59.1% of China's total export value. Among them, automatic data processing equipment and its components amounted to 942.38 billion yuan, an increase of 11.6%; Integrated circuits amounted to 736.04 billion yuan, an increase of 24.8%; Automobiles amounted to 540.84 billion yuan, an increase of 22.2%; Mobile phones reached 514.37 billion yuan, an increase of 0.5%. During the same period, the export of labor secret products reached 2.8 trillion yuan, an increase of 4.2%, accounting for 17%. Among them, clothing and clothing accessories amounted to 744.39 billion yuan, an increase of 1%; Textiles amounted to 661.6 billion yuan, an increase of 5.8%; Plastic products amounted to 497.95 billion yuan, an increase of 9%. The export of agricultural products reached 463.2 billion yuan, an increase of 4.4%.
In addition, exports of steel amounted to 70.575 million tons, an increase of 20.6%; 40.04 million tons of refined oil, a decrease of 5.8%; 19.713 million tons of fertilizer, an increase of 4.4%.
5、 The import volume of iron ore, coal, and natural gas has increased, while the import volume of crude oil has decreased
In the first 8 months, China imported 815 million tons of iron ore, an increase of 5.2%, with an average import price of 811.5 yuan per ton, an increase of 3.6%; Crude oil reached 367 million tons, a decrease of 3.1%, at 4318 yuan per ton, an increase of 7.3%; 342 million tons of coal, an increase of 11.8%, at 709.6 yuan per ton, a decrease of 12.8%; Natural gas reached 87.128 million tons, an increase of 12.3%, with a price of 3484.7 yuan per ton, a decrease of 7.6%; Soybean production reached 70.478 million tons, an increase of 2.8%, with a price of 3630.9 yuan per ton, a decrease of 15.1%; Finished oil reached 32.506 million tons, an increase of 6.2%, with a price of 4399.6 yuan per ton, an increase of 9.2%. In addition, imported primary shaped plastics amounted to 19.22 million tons, an increase of 0.4%, with a price of 10800 yuan per ton, a decrease of 0.5%; Unforged and rolled copper and copper materials amounted to 3.615 million tons, an increase of 3%, at 67200 yuan per ton, an increase of 10.2%.
During the same period, imported mechanical and electrical products amounted to 4.49 trillion yuan, an increase of 10.4%. Among them, there are 358 billion integrated circuits, an increase of 14.8%, with a value of 1.74 trillion yuan, an increase of 14%; There were 478000 cars, a decrease of 1.8%, with a value of 193.61 billion yuan, a decrease of 6.6%.
