The General Administration of Customs released data on the 8th, the first seven months of this year, China's import and export value of 23.55 trillion yuan, an increase of 0.4 percent (the same below), foreign trade imports and exports as a whole stable.
In July, China's foreign trade imports and exports were 3.46 trillion yuan, down 8.3 percent year on year. Lu Daliang, director of the statistical analysis Department of the General Administration of Customs, said that since the second quarter, the scale of China's monthly imports and exports has remained stable at more than 3.4 trillion yuan. On the whole, China's foreign trade imports and exports are running smoothly and in line with expectations, and the long-term fundamentals have not changed.
Specifically, China's exports in the first seven months of 13.47 trillion yuan, an increase of 1.5 percent ; Imports were 10.08 trillion yuan, down 1.1 percent ; Trade surplus increased by 10.3 percent to 3.39 trillion yuan. Exports withstood the pressure of weakening external demand, maintained overall growth, and exports of some products showed outstanding performance. In the first seven months, China's exports of mechanical and electrical products 7.83 trillion yuan, an increase of 4.4 percent , accounting for 58.1 percent of the total export value. Among them, the exports of automobiles, ships and electrical equipment increased by 118.5 percent , 23.8 percent and 21.9 percent respectively.
In terms of imports, driven by the basic stability of industrial production and the orderly recovery of consumption scenes, China's imports of major energy and mineral products increased steadily, and some consumer goods imports grew by more than 10 percent . In the first seven months, China's imports of energy products and metal ore increased by 33.3 percent and 7.9 percent , respectively. In the same period, the import of consumer goods except passenger cars was 962.74 billion yuan, up by 10.1 percent , of which the import value of meat, dried fresh fruits and fruits, and edible aquatic products increased by 6.5 percent , 17.9 percent and 22.2 percent respectively.
In terms of foreign trade subjects, private enterprises continue to maintain the position of the largest operating subject of foreign trade in China. In the first seven months, the import and export of private enterprises reached 12.46 trillion yuan, an increase of 6.7 percent year-on-year, and the proportion of China's foreign trade imports and exports further increased to 52.9 percent , an increase of 3.1 percentage points over the same period last year. The number of private enterprises involved in foreign trade reached 478,000, an increase of 36,000 year-on-year.
Asean continues to be our largest trading partner. In the first seven months, the total value of China's trade with ASEAN was 3.59 trillion yuan, an increase of 2.8 percent year-on-year. China's imports and exports to major trading partners such as the European Union, the United States and Japan fell by 0.1 percent , 9.6 percent and 5.8 percent , respectively. In the same period, China's total imports and exports to countries along the "Belt and Road" were 8.06 trillion yuan, an increase of 7.4 percent , and the proportion of China's foreign trade increased by 2.2 percentage points to 34.2 percent . Its import and export to the five Central Asian countries increased by 35 percent , maintaining a rapid growth trend. Latin America and Africa grew by 5.5 percent and 7.4 percent , respectively. China's diversified and stable economic and trade relations are constantly expanding.
