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China's imports and exports in the first 10 months of this year increased by 22.2% year-on-year
2021-11-29 11:49

According to Chinese customs statistics,in the first 10 months of this year,China's imports and exports totaled CNY 31.67 trillion,an increase of 22.2%over the same period last year and 23.4%over the same period in 2019.Of this total,exports totaled CNY 17.49 trillion,up 22.5%over the same period last year,up 25%over the same period in 2019;imports totaled CNY 14.18 trillion,up 21.8%and 21.4%over the same period in 2019;and the trade surplus was CNY 3.31 trillion,up 25.5%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%over the same period last year and 30.7%over the same period in 2019.Of this total,exports totaled US$2.7 trillion,up 32.3%over the same period last year,up 32.4%over the same period in 2019;imports totaled US$2.19 trillion,up 31.4%and 28.6%over the same period in 2019;and the trade surplus was 510.63 billion US dollars,up 36.6%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 CNY 19.54 trillion,an increase of 25.1%over the same period last year,accounting for 61.7%of China's total foreign trade value,an increase of 1.4%over the same period last year.Of this total,exports totaled CNY 10.64 trillion,up 25.3%,and imports totaled CNY 8.9 trillion,up 24.9%.In the same period,the import and export of processing trade totaled CNY 6.81 trillion,up 11.9%,accounting for 21.5%,down 2%.Of this total,exports totaled CNY 4.26 trillion,up 10.5%,and imports totaled CNY 2.55 trillion,up 14.2%.

In addition,imports and exports in the form of bonded logistics totaled CNY 3.96 trillion,an increase of 27.9%.Of this total,exports totaled CNY 1.47 trillion,up 38.9%,and imports totaled CNY 2.49 trillion,up 22.2%.

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,with a total trade value of CNY 4.55 trillion,an increase of 20.4%,accounting for 14.4%of the total foreign trade value.Of this total,exports to ASEAN totaled CNY 2.5 trillion,up 19.1%;imports from ASEAN totaled CNY 2.05 trillion,up 22.2%;and the trade surplus with ASEAN was CNY 448.51 billion,up 6.6%.The European Union is China's second largest trading partner,with a total trade value of CNY 4.34 trillion,an increase of 20.4%,accounting for 13.7%.Of this total,exports to the European Union totaled CNY 2.69 trillion,up 23.4%;imports from the European Union totaled CNY 1.65 trillion,up 15.8%;and the trade surplus with the European Union increased by 38%to CNY 1.04 trillion.The United States is China's third largest trading partner.The total value of trade between China and the United States is CNY 3.95 trillion,an increase of 23.4%,accounting for 12.5%.Of this total,exports to the United States totaled CNY 3.01 trillion,up 21.8%;imports from the United States totaled CNY 936.74 billion,up 28.9%;and the trade surplus with the United States totaled CNY 2.08 trillion,up 18.9%.Japan is China's fourth largest trading partner,and the total value of trade between China and Japan is CNY 1.98 trillion,an increase of 10.8%,accounting for 6.3%.Of this total,exports to Japan totaled CNY 880.87 billion,up 9%;imports from Japan totaled CNY 1.1 trillion,up 12.3%;and the trade deficit with Japan was CNY 220.37 billion,up 28.2%.

In the same period,China's imports and exports to countries along the"Belt and Road Initiative"route totaled CNY 9.3 trillion,an increase of 23%.Of this total,exports totaled CNY 5.27 trillion,up 21.9%,and imports totaled CNY 4.03 trillion,up 24.5%.

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 China's private enterprises totaled CNY 15.31 trillion,an increase of 28.1%,accounting for 48.3%of the total foreign trade value,an increase of 2.2%over the same period last year.Of this total,exports totaled CNY 10.02 trillion,up 27%,accounting for 57.3%of the total export value,while imports totaled CNY 5.29 trillion up 30.2%,accounting for 37.3%of the total import value.In the same period,imports and exports of foreign-invested enterprises totaled CNY 11.41 trillion,an increase of 13.8%,accounting for 36%of China's total foreign trade value.Of this total,exports totaled CNY 6 trillion,up 16.1%,and imports totaled CNY 5.41 trillion,up 11.4%.

In addition,imports and exports of state-owned enterprises totaled CNY 4.84 trillion,up 25.6%,accounting for 15.3%of China's total foreign trade value.Of this total,exports totaled CNY 1.43 trillion,up 20.2%,while imports totaled CNY 3.41 trillion,up 28.1%.

[Statement] The article is the author's independent view and does not represent the position of this website.
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