Electrical Equipment / Components & Telecoms

On July 13, the State Council Information Office held a press conference. Li Kuiwen, spokesperson of the General Administration of Customs and director of the Statistics and Analysis Department, introduced the import and export situation in the first half of 2022.

According to reports, in the first half of the year, my country's import and export of mechanical and electrical products was 9.72 trillion yuan, a year-on-year increase of 4.2%, accounting for 49.1% of my country's total foreign trade import and export value. During the same period, the export of labor-intensive products was 1.99 trillion yuan, a year-on-year increase of 13.5%, accounting for 17.8% of the total export value. Crude oil, natural gas, coal and other energy products imported a total of 1.48 trillion yuan, a year-on-year increase of 53.1%, accounting for 17.1% of the total import value.

According to customs statistics, in the first half of this year, the total value of my country's import and export of goods trade was 19.8 trillion yuan, a year-on-year increase of 9.4%. Among them, exports were 11.14 trillion yuan, a year-on-year increase of 13.2%; imports were 8.66 trillion yuan, a year-on-year increase of 4.8%.

The proportion of general trade imports and exports continued to increase. In the first half of the year, my country's general trade import and export was 12.71 trillion yuan, a year-on-year increase of 13.1%, accounting for 64.2% of my country's total foreign trade import and export value, an increase of 2.1 percentage points year-on-year; among which, exports were 7.16 trillion yuan, a year-on-year increase of 19%; imports 5.55 trillion yuan, a year-on-year increase of 6.5%. In the same period, the import and export of processing trade was 4.02 trillion yuan, a year-on-year increase of 3.2%.

Imports and exports to major trading partners maintained growth. In the first half of the year, my country's imports and exports to ASEAN, the European Union and the United States were 2.95 trillion yuan, 2.71 trillion yuan and 2.47 trillion yuan respectively, an increase of 10.6%, 7.5% and 11.7% respectively. During the same period, my country's imports and exports to countries and regions along the "Belt and Road" and RCEP trading partners increased by 17.8% and 5.6% respectively.

In addition, the vitality of foreign trade business entities has been further enhanced. In the first half of the year, there were 506,000 foreign trade enterprises with import and export performance in my country, a year-on-year increase of 5.5%. Among them, there were 425,000 private enterprises, an increase of 6.9%; imports and exports were 9.82 trillion yuan, an increase of 13.6%, accounting for 49.6% of the total value of my country's foreign trade imports and exports, an increase of 1.9 percentage points year-on-year. In the same period, the import and export of foreign-invested enterprises was 6.75 trillion yuan, an increase of 2.1%; the import and export of state-owned enterprises was 3.2 trillion yuan, an increase of 15.2%.

It is worth mentioning that the growth rate of foreign trade rebounded significantly in May and June. According to reports, since May, with the overall improvement of the domestic epidemic prevention and control situation, the effects of various policies to stabilize growth have gradually emerged, and foreign trade enterprises have resumed work and production in an orderly manner, especially in the Yangtze River Delta and other regions. The overall growth rate picked up significantly. In May, my country's foreign trade import and export increased by 9.5% year-on-year, the growth rate was 9.4 percentage points higher than that in April, and the growth rate in June further increased to 14.3%.