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General Administration of Customs: foreign trade increased by 6% in August, exports increased by 0.8% in the first 8 months.
Sep 7,2020 11:05CST
translation
Source:customs head office
The content below was translated by Tencent automatically for reference.

SMM: according to customs statistics, in the first eight months of this year, the total value of imports and exports of goods in China was 20.05 trillion yuan, down 0.6 percent from the same period last year (the same below), and 1.1 percentage points lower than in the previous seven months. Of this total, exports totaled 11.05 trillion yuan, up 0.8 percent; imports totaled 9 trillion yuan, down 2.3 percent; and the trade surplus was 2.05 trillion yuan, up 17.2 percent.

In August, China's foreign trade imports and exports totaled 2.88 trillion yuan, an increase of 6 percent. Of this total, exports totaled 1.65 trillion yuan, up 11.6 percent; imports totaled 1.23 trillion yuan, down 0.5 percent; and the trade surplus increased by 74.4 percent to 416.59 billion yuan.

The import and export of general trade has increased and its proportion has increased. In the first eight months, China's general trade imports and exports totaled 12.09 trillion yuan, an increase of 0.5 percent, accounting for 60.3 percent of China's total foreign trade value, an increase of 0.7 percent over the same period last year. Of this total, exports totaled 6.59 trillion yuan, up 2.5 percent, while imports totaled 5.5 trillion yuan, down 1.7 percent. In the same period, imports and exports of processing trade totaled 4.68 trillion yuan, down 6.7 percent. Of this total, exports totaled 2.97 trillion yuan, down 6.6 percent, while imports totaled 1.71 trillion yuan, down 6.8 percent. In addition, China's imports and exports in the form of bonded logistics totaled 2.43 trillion yuan, an increase of 4.8 percent. Of this total, exports totaled 828.55 billion yuan, up 7.8 percent, and imports totaled 1.6 trillion yuan, up 3.3 percent.

Imports and exports to ASEAN, the European Union and Japan increased, while imports and exports to the United States declined slightly. In the first eight months, ASEAN was China's largest trading partner. The total value of my trade with ASEAN was 2.93 trillion yuan, an increase of 7%, accounting for 14.6% of the total value of China's foreign trade. Of this total, China's exports to ASEAN totaled 1.64 trillion yuan, up 6.9 percent; imports from ASEAN totaled 1.29 trillion yuan, up 7.1 percent; and the trade surplus with ASEAN reached 344.34 billion yuan, up 6.2 percent. The European Union is China's second largest trading partner, with a total trade value of 2.81 trillion yuan, an increase of 1.4 percent, accounting for 14 percent of China's total foreign trade. Of this total, China's exports to the European Union totaled 1.72 trillion yuan, up 5.3 percent; imports from the European Union totaled 1.09 trillion yuan, down 4.1 percent; and the trade surplus with the European Union reached 628.92 billion yuan, an increase of 26.9 percent. The United States is China's third largest trading partner. The total value of trade between China and the United States is 2.42 trillion yuan, down 0.4%, accounting for 12.1% of the total value of China's foreign trade. Of this total, China's exports to the United States totaled 1.87 trillion yuan, down 0.5 percent; imports from the United States totaled 549.32 billion yuan, up 0.2 percent; and the trade surplus with the United States was 1.32 trillion yuan, down 0.8 percent. Japan is China's fourth largest trading partner. The total value of trade between China and Japan is 1.4 trillion yuan, an increase of 1%, accounting for 7% of the total value of China's foreign trade. Of this total, exports to Japan totaled 638.72 billion yuan, up 0.3 percent; imports from Japan totaled 766.06 billion yuan, up 1.6 percent; and the trade deficit with Japan totaled 127.34 billion yuan, up 8.7 percent.

The import and export of private enterprises has increased and its proportion has increased. In the first eight months, imports and exports of private enterprises totaled 9.21 trillion yuan, an increase of 8.5 percent, accounting for 45.9 percent of China's total foreign trade value, an increase of 3.9 percent over the same period last year. Of this total, exports totaled 6.07 trillion yuan, up 8.3 percent, accounting for 54.9 percent of the total export value, while imports totaled 3.14 trillion yuan, up 8.9 percent, accounting for 34.9 percent of the total import value. In the same period, imports and exports of foreign-invested enterprises totaled 7.74 trillion yuan, down 4.3 percent, accounting for 38.6 percent of China's total foreign trade value. Of this total, exports totaled 4.01 trillion yuan, down 6.2 percent, while imports totaled 3.73 trillion yuan, down 2.2 percent. In addition, imports and exports of state-owned enterprises totaled 3.02 trillion yuan, down 13.2 percent, accounting for 15.1 percent of China's total foreign trade value. Of this total, exports totaled 944.7 billion yuan, down 10.5 percent, while imports totaled 2.08 trillion yuan, down 14.4 percent.

Exports of mechanical and electrical products, textiles and plastic products increased, while clothing exports declined. In the first eight months, China's exports of mechanical and electrical products totaled 6.47 trillion yuan, an increase of 2.1 percent, accounting for 58.5 percent of the total export value. Of this total, the export of automatic data processing equipment and its parts and components was 901.48 billion yuan, up 8.4 percent, and that of mobile phones was 488.73 billion yuan, up 8.9 percent. In the same period, exports of textiles, including masks, totaled 737.55 billion yuan, up 37.8 percent; clothing 581.33 billion yuan, down 10.2 percent; plastic products 356.53 billion yuan, up 14.5 percent; furniture 234.39 billion yuan, up 1.6 percent; shoes and boots 152.4 billion yuan, down 25.2 percent; toys 127.13 billion yuan, down 1 percent; and bags 88.74 billion yuan, down 26 percent. In addition, steel exports were 36.557 million tons, a decrease of 18.6 percent, and 607000 automobiles (including chassis), a decrease of 25.4 percent.

Imports of iron ore, crude oil, coal, natural gas and soybeans increased and fell. In the first eight months, China imported 760 million tons of iron ore, an increase of 11 percent, an average import price of 652.4 yuan per ton, a drop of 0.2 percent, 368 million tons of crude oil, an increase of 12.1 percent, an average import price of 2306.4 yuan per ton, down 30.1 percent, and 221 million tons of coal, an increase of 0.2 percent. The average import price was 493.5 yuan per ton, down 8.4 percent. 65.068 million tons of natural gas, an increase of 3.3 percent, an average import price of 2450.1 yuan per ton, down 18.1 percent; 64.739 million tons of soybeans, an increase of 15 percent, and an average import price of 2718.8 yuan per ton, down 0.4 percent; 26.234 million tons of plastics in primary shape, an increase of 9.4 percent, and an average import price of 8753.5 yuan per ton, down 12.9 percent. The average import price of refined oil was 20.768 million tons, up 1.3 percent, the average import price was 2890.1 yuan per ton, down 23.7 percent; the average import price of steel was 12.189 million tons, up 59.6 percent; the average import price was 5915.1 yuan per ton, down 27.6 percent; and 4.272 million tons of unwrought copper and copper materials, up 38.1 percent. The average import price was 43000 yuan per ton, down 4.9 percent. In addition, imports of mechanical and electrical products totaled 4.05 trillion yuan, up 2 percent. Among them, 333.46 billion integrated circuits, an increase of 22.5 percent, a value of 1.51 trillion yuan, an increase of 15.3 percent; 515000 cars (including chassis), a decrease of 26.6 percent, and a value of 172.42 billion yuan, a decrease of 21.6 percent.

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