The Total Value of China's Imports And Exports in The First 11 Months Exceeds That of Last Year, Reaching 35.39 Trillion Yuan

The total value of China's imports and exports in the first 11 months exceeded that of last year, reaching 35.39 trillion yuan. Imports and exports to major trading partners such as ASEAN, the European Union and the United States have all increased.

The latest foreign trade import and export data released by the General Administration of Customs on December 7 shows that in the first 11 months of this year, my country’s total import and export value was 35.39 trillion yuan, an increase of 22% year-on-year and an increase of 24% year-on-year, which has exceeded The level of 32.16 trillion yuan last year.

The year-on-year growth of imports and exports in the first 11 months has exceeded 20%

Customs statistics show that in the first 11 months of this year, my country’s exports were 19.58 trillion yuan, a year-on-year increase of 21.8% and 25.8% year-on-year; imports were 15.81 trillion yuan, a year-on-year increase of 22.2% and a year-on-year increase of 21.8%; trade The surplus was 3.77 trillion yuan, a year-on-year increase of 20.1%.

In dollar terms, China’s total import and export value in the first 11 months of this year was US$5.47 trillion, a year-on-year increase of 31.3% and a year-on-year increase of 31.9%. Among them, exports were US$3.03 trillion, a year-on-year increase of 31.1%, and a year-on-year increase of 33.9%; imports were US$2.44 trillion, a year-on-year increase of 31.4%, and a year-on-year increase of 29.6%; a trade surplus of US$581.71 billion, a year-on-year increase of 29.8% .

In November, China's total import and export value was 3.72 trillion yuan, a year-on-year increase of 20.5%, a month-on-month increase of 11.4%, and a year-on-year increase of 29.6%. Among them, exports were 2.09 trillion yuan, a year-on-year increase of 16.6%, a month-on-month increase of 7.6%, and a year-on-year increase of 33.4%; imports were 1.63 trillion yuan, a year-on-year increase of 26%, a month-on-month increase of 16.6%, and a year-on-year increase of 25%; The trade surplus was 460.68 billion yuan, a year-on-year decrease of 7.7%.

In terms of U.S. dollars, my country’s total import and export value in November was 579.34 billion U.S. dollars, a year-on-year increase of 26.1%, a month-on-month increase of 12.2%, and an increase of 42.8% over the same period in 2019. Among them, exports were US$325.53 billion, an increase of 22% year-on-year, an increase of 8.4% month-on-month, and an increase of 47% year-on-year; imports were US$253.81 billion, an increase of 31.7% year-on-year, an increase of 17.6% month-on-month, and an increase of 37.7% year-on-year; trade surplus 71.72 billion U.S. dollars, a decrease of 3.4% year-on-year.

China's exports to the U.S. increased by 19.2% in the first 11 months

From the perspective of major trading partners, my country's imports and exports with major trading partners such as ASEAN, the European Union and the United States have increased in the first 11 months of this year. In the first 11 months of this year, ASEAN is China's largest trading partner. The total trade value between China and ASEAN is 5.11 trillion yuan, an increase of 20.6%, accounting for 14.4% of China's total foreign trade value. Among them, exports to ASEAN were 2.81 trillion yuan, an increase of 18.9%; imports from ASEAN were 2.3 trillion yuan, an increase of 22.8%; the trade surplus with ASEAN was 509.47 billion yuan, an increase of 3.8%.

The EU is China's second largest trading partner, with a total trade value of 4.84 trillion yuan with the EU, an increase of 20%, accounting for 13.7%. Among them, exports to the EU were 3.01 trillion yuan, an increase of 23.9%; imports from the EU were 1.83 trillion yuan, an increase of 14.2%; the trade surplus with the EU was 1.18 trillion yuan, an increase of 42.5%.

The United States is China's third largest trading partner. The total value of Sino-US trade is 4.41 trillion yuan, an increase of 21.1%, accounting for 12.5%. Among them, exports to the United States were 3.36 trillion yuan, an increase of 19.2%; imports from the United States were 1.05 trillion yuan, an increase of 27.5%; the trade surplus with the United States was 2.31 trillion yuan, an increase of 15.8%.

Japan is China's fourth largest trading partner. The total value of Sino-Japanese trade is 2.2 trillion yuan, an increase of 10.7%, accounting for 6.2%. Among them, exports to Japan were 979.03 billion yuan, an increase of 8.8%; imports from Japan were 1.22 trillion yuan, an increase of 12.2%; the trade deficit with Japan was 242.28 billion yuan, an increase of 28.4%.

Imports and exports of bonded logistics increased by 28.5%

Statistics show that since the beginning of this year, my country's general trade imports and exports have increased and the proportion has increased. In the first 11 months, China's general trade import and export was 21.81 trillion yuan, an increase of 25.2% year-on-year (the same below), accounting for 61.6% of China's total foreign trade value, an increase of 1.6% over the same period last year.

Among them, exports were 11.91 trillion yuan, an increase of 24.9%; imports were 9.9 trillion yuan, an increase of 25.6%. In the same period, the import and export of processing trade was 7.64 trillion yuan, an increase of 11%, accounting for 21.6%, and a decline of 2.1 percentage points. Among them, exports were 4.79 trillion yuan, an increase of 9.4%; imports were 2.85 trillion yuan, an increase of 13.6%.

In addition, my country's imports and exports by bonded logistics were 4.44 trillion yuan, an increase of 28.5%. Among them, exports were 1.66 trillion yuan, an increase of 39%; imports were 2.78 trillion yuan, an increase of 23%.

The proportion of private enterprises' imports and exports has increased, and the import volume and price of coal and natural gas have risen

The import and export of private enterprises has shown the fastest growth rate and an increasing proportion. In the first 11 months, the import and export of private enterprises was 17.15 trillion yuan, an increase of 27.8%, accounting for 48.5% of my country's total foreign trade value, an increase of 2.2 percentage points over the same period last year. In the same period, the import and export of foreign-invested enterprises was 12.72 trillion yuan, an increase of 13.1%, accounting for 36%. The import and export of state-owned enterprises was 5.39 trillion yuan, an increase of 27.3%.

In terms of categories of export goods, in the first 11 months, my country’s exports of mechanical and electrical products amounted to 11.55 trillion yuan, an increase of 21.2%, accounting for 59% of my country’s total export value. In the same period, my country exported 3.56 trillion yuan of labor-intensive products, an increase of 10.2%, accounting for 18.2%. Among them, exports of textiles, including masks, were 847.16 billion yuan, down 14.3%.

In terms of imports, in the first 11 months, China's imports of iron ore, crude oil, soybeans and other commodities have decreased in price, while coal and natural gas imports have increased in price. For example, my country imported 1.038 billion tons of iron ore, a decrease of 3.2%, and the average import price was 1099.3 yuan per ton, an increase of 53.1%. At the same time, China imported 6.7 trillion yuan of mechanical and electrical products, an increase of 13.5%. Among them, 582.22 billion integrated circuits, an increase of 19.3%, were worth 2.52 trillion yuan, an increase of 14.8%.