The total value of Chinas imports and exports in the first 8 months decreased slightly by 0.1%. Exports increased by 0.8%, while imports decreased by 1.3%. Trade surplus expanded by 7.3%.
II. Import and export data for August
Overall year-on-year decrease of 2.5%, month-on-month increase of 3.9%. Exports decreased by 3.2% year-on-year. Imports decreased by 1.6% year-on-year.
III. Main characteristics of Chinas imports and exports
Growth in general trade imports and exports: Total value of 17.72 trillion yuan, up 1.7%. Decline in processing trade imports and exports: Total value of 4.85 trillion yuan, down 11.3%. Trade with major partners: - ASEAN: Growth1.6%, total trade value of 4.11 trillion yuan. - EU: Decline1.5%, total trade value of 3.68 trillion yuan. - US: Decline8.7%, total trade value of 3.05 trillion yuan. - Japan: Decline6.8%, total trade value of 1.45 trillion yuan.
IV. Import and export performance by enterprise type
Private enterprises: Total import-export value of 14.33 trillion yuan, up 6%. State-owned enterprises: Total import-export value of 4.4 trillion yuan, up 0.3%. Foreign-funded enterprises: Total import-export value of 8.28 trillion yuan, down 9.6%.
V. Import and export performance by commodity type
Mechanical and electrical products: Exports of 8.97 trillion yuan, up 3.6%. Labor-intensive products: Exports of 2.71 trillion yuan, down 2.4%. Major bulk commodities: Increased import volumes of iron ore, crude oil, coal, natural gas, and soybeans, but prices generally declined.
In summary, Chinas import and export trade faces a complex and changing situation, with both growth highlights and challenges that need attention. We hope China can maintain stability and growth in the future trade environment.