According to customs statistics, in the first 10 months of this year, China's imports and exports totaled 31.67 trillion yuan, an increase of 22.2 percent over the same period last year and 23.4 percent over the same period in 2019. Of this total, exports totaled 17.49 trillion yuan, up 22.5 percent over the same period last year, up 25 percent over the same period in 2019; imports totaled 14.18 trillion yuan, up 21.8 percent and 21.4 percent over the same period in 2019; and the trade surplus was 3.31 trillion yuan, up 25.5 percent over the same period last year.
In dollar terms, China's imports and exports totaled US $4.89 trillion in the first 10 months of this year, an increase of 31.9 percent over the same period last year and 30.7 percent over the same period in 2019. Of this total, exports totaled US $2.7 trillion, up 32.3 percent over the same period last year, up 32.4 percent over the same period in 2019; imports totaled US $2.19 trillion, up 31.4 percent and 28.6 percent over the same period in 2019; and the trade surplus was 510.63 billion US dollars, up 36.6 percent over the same period last year.
In October, China's imports and exports totaled 3.34 trillion yuan, up 17.8 percent from the same period last year, down 5.6 percent from the previous month, and an increase of 23 percent over the same period in 2019. Of this total, exports were 1.94 trillion yuan, up 20.3 percent from the same period last year, down 2.1 percent from the previous month, up 29 percent over the same period in 2019; imports were 1.4 trillion yuan, up 14.5 percent from the same period last year, down 10 percent from the same period in 2019, up 15.6 percent over the same period in 2019; and the trade surplus was 545.95 billion yuan, an increase of 38.4 percent over the same period last year.
In dollar terms, China's imports and exports totaled US $515.9 billion in October, up 24.3 percent from the same period last year, down 5.3 percent from the previous month, and 34.5 percent higher than the same period in 2019. Of this total, exports were 300.22 billion US dollars, up 27.1 percent from the same period last year, down 1.8 percent from the same period last year, up 41 percent from the same period in 2019; imports were 215.68 billion US dollars, up 20.6 percent from the same period last year, down 9.7 percent from the same period last year, up 26.4 percent from the same period in 2019; and the trade surplus was 84.54 billion US dollars, an increase of 47.5 percent over the same period last year.
The import and export of general trade has increased and its proportion has increased. In the first 10 months, China's general trade imports and exports totaled 19.54 trillion yuan, an increase of 25.1 percent over the same period last year, accounting for 61.7 percent of China's total foreign trade value, an increase of 1.4 percentage points over the same period last year. Of this total, exports totaled 10.64 trillion yuan, up 25.3 percent, and imports totaled 8.9 trillion yuan, up 24.9 percent. In the same period, the import and export of processing trade totaled 6.81 trillion yuan, up 11.9 percent, accounting for 21.5 percent, down 2 percentage points. Of this total, exports totaled 4.26 trillion yuan, up 10.5 percent, and imports totaled 2.55 trillion yuan, up 14.2 percent.
In addition, China's imports and exports in the form of bonded logistics totaled 3.96 trillion yuan, an increase of 27.9 percent. Of this total, exports totaled 1.47 trillion yuan, up 38.9 percent, and imports totaled 2.49 trillion yuan, up 22.2 percent.
Imports and exports to major trading partners such as ASEAN, the European Union and the United States have all increased. In the first 10 months, ASEAN was China's largest trading partner. The total value of China's trade with ASEAN was 4.55 trillion yuan, an increase of 20.4 percent, accounting for 14.4 percent of the total value of China's foreign trade. Of this total, exports to ASEAN totaled 2.5 trillion yuan, up 19.1 percent; imports from ASEAN totaled 2.05 trillion yuan, up 22.2 percent; and the trade surplus with ASEAN was 448.51 billion yuan, up 6.6 percent. The European Union is China's second largest trading partner, with a total trade value of 4.34 trillion yuan, an increase of 20.4 percent, accounting for 13.7 percent. Of this total, exports to the European Union totaled 2.69 trillion yuan, up 23.4 percent; imports from the European Union totaled 1.65 trillion yuan, up 15.8 percent; and the trade surplus with the European Union increased by 38 percent to 1.04 trillion yuan. The United States is China's third largest trading partner. The total value of trade between China and the United States is 3.95 trillion yuan, an increase of 23.4 percent, accounting for 12.5 percent. Of this total, exports to the United States totaled 3.01 trillion yuan, up 21.8 percent; imports from the United States totaled 936.74 billion yuan, up 28.9 percent; and the trade surplus with the United States totaled 2.08 trillion yuan, up 18.9 percent. Japan is China's fourth largest trading partner. The total value of trade between China and Japan is 1.98 trillion yuan, an increase of 10.8%, accounting for 6.3%. Of this total, exports to Japan totaled 880.87 billion yuan, up 9 percent; imports from Japan totaled 1.1 trillion yuan, up 12.3 percent; and the trade deficit with Japan was 220.37 billion yuan, up 28.2 percent.
In the same period, China's imports and exports to countries along the "Belt and Road Initiative" route totaled 9.3 trillion yuan, an increase of 23 percent. Of this total, exports totaled 5.27 trillion yuan, up 21.9 percent, and imports totaled 4.03 trillion yuan, up 24.5 percent.
The import and export of private enterprises has the fastest growth rate and the proportion has increased. In the first 10 months, imports and exports of private enterprises totaled 15.31 trillion yuan, an increase of 28.1 percent, accounting for 48.3 percent of China's total foreign trade value, an increase of 2.2 percentage points over the same period last year. Of this total, exports totaled 10.02 trillion yuan, up 27 percent, accounting for 57.3 percent of the total export value, while imports totaled 5.29 trillion yuan, up 30.2 percent, accounting for 37.3 percent of the total import value. In the same period, imports and exports of foreign-invested enterprises totaled 11.41 trillion yuan, an increase of 13.8 percent, accounting for 36 percent of China's total foreign trade value. Of this total, exports totaled 6 trillion yuan, up 16.1 percent, and imports totaled 5.41 trillion yuan, up 11.4 percent.
In addition, imports and exports of state-owned enterprises totaled 4.84 trillion yuan, an increase of 25.6 percent, accounting for 15.3 percent of China's total foreign trade value. Of this total, exports totaled 1.43 trillion yuan, up 20.2 percent, while imports totaled 3.41 trillion yuan, up 28.1 percent.
Exports of mechanical and electrical products and labor-intensive products increased. In the first 10 months, China's exports of mechanical and electrical products totaled 10.3 trillion yuan, an increase of 22.4 percent, accounting for 58.9 percent of the total export value. Of this total, automatic data processing equipment and its spare parts were 1.31 trillion yuan, up 12.1 percent; mobile phones were 716.58 billion yuan, up 13.3 percent; and cars (including chassis) were 179.87 billion yuan, up 111.1 percent. In the same period, exports of labor-intensive products totaled 3.2 trillion yuan, an increase of 10 percent, accounting for 18.3 percent. Of this total, clothing and clothing accessories totaled 898.78 billion yuan, up 15.8 percent; textiles, including masks, totaled 762.13 billion yuan, down 16 percent; and plastic products totaled 515.82 billion yuan, up 22.9 percent. Exports of agricultural products totaled 433.96 billion yuan, up 1.7 percent.
In addition, exports of 57.518 million tons of steel, an increase of 29.5 percent, 52.886 million tons of oil products, an increase of 3.8 percent, and 29.332 million tons of fertilizers, an increase of 25.7 percent.
The import volume of iron ore, crude oil, soybeans and other commodities decreased and prices increased, while the import volume and prices of coal and natural gas rose. In the first 10 months, China imported 933 million tons of iron ore, a decrease of 4.2 percent, an average import price of 1139 yuan per ton, an increase of 61 percent, 425 million tons of crude oil, a decrease of 7.2 percent, an increase of 35.6 percent per ton, 257 million tons of coal, an increase of 1.9 percent, and an average import price of 621.2 yuan per ton, up 27.1 percent. 99.074 million tons of natural gas, an increase of 22.3 percent, an average import price of 2584.4 yuan per ton, an increase of 11.2 percent; 79.083 million tons of soybeans, a decrease of 5 percent, and an average import price of 3531.8 yuan per ton, up 30.2 percent; 28.337 million tons of plastics in primary shape, a decrease of 15.8 percent, and an average import price of 11500 yuan per ton, up 30.4 percent. 22.336 million tons of refined oil, down 7.1 percent, the average import price was 3893.6 yuan per ton, up 33.8 percent; steel was 11.843 million tons, down 30.3 percent; the average import price was 8302.1 yuan per ton, up 46.4 percent; and 4.429 million tons of unwrought copper and copper materials, down 21 percent. The average import price was 60700 yuan per ton, up 37.4 percent.
In the same period, imports of mechanical and electrical products totaled 6.01 trillion yuan, up 13.6%. Of these, there were 527.99 billion integrated circuits, an increase of 21.3 percent, with a value of 2.25 trillion yuan, an increase of 14 percent; and 798000 cars (including chassis), an increase of 11.9 percent, with a value of 288.07 billion yuan, an increase of 17.2 percent.
General Administration of Customs: exports of aluminum and rare earths increased by 14.49% and 89.27% respectively in October compared with the same period last year, and copper imports fell by 33.58%.
