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Customs data: China's imports and exports increased by 4.7% in the first five months of this ye

2023-06-08

According to customs data, in the first five months of this year, China's total import and export value was 16.77 trillion yuan, a year-on-year increase of 4.7%. Among them, exports reached 9.62 trillion yuan, an increase of 8.1%; Import reached 7.15 trillion yuan, an increase of 0.5%; The trade surplus reached 2.47 trillion yuan, an increase of 38%. In US dollar terms, China's total import and export value in the first five months of this year was 2.44 trillion US dollars, a decrease of 2.8%. Among them, exports reached 1.4 trillion US dollars, an increase of 0.3%; Import of 1.04 trillion US dollars, a decrease of 6.7%; The trade surplus reached 359.48 billion US dollars, an increase of 27.8%.

According to customs data, in May this year, China's imports and exports reached 3.45 trillion yuan, an increase of 0.5%. Among them, exports reached 1.95 trillion yuan, a decrease of 0.8%; Import of 1.5 trillion yuan, an increase of 2.3%; The trade surplus was 452.33 billion yuan, narrowing by 9.7%. In US dollar terms, China's imports and exports in May this year were 50.119 billion US dollars, a decrease of 6.2%. Among them, exports reached 283.5 billion US dollars, a decrease of 7.5%; Import of 217.69 billion US dollars, a decrease of 4.5%; The trade surplus was 65.81 billion US dollars, narrowing by 16.1%.

The main characteristics of China's foreign trade import and export in the first five months of this year:

The proportion of general trade imports and exports has increased. Customs data shows that in the first five months, China's general trade import and export reached 11 trillion yuan, an increase of 7%, accounting for 65.6% of China's total foreign trade value, an increase of 1.4 percentage points compared to the same period last year. Among them, exports reached 6.28 trillion yuan, an increase of 10.4%; Imports reached 4.72 trillion yuan, an increase of 2.9%. During the same period, the import and export of processing trade reached 2.99 trillion yuan, a decrease of 9.3%, accounting for 17.8%. Among them, exports reached 1.96 trillion yuan, a decrease of 5.1%; Import reached 1.03 trillion yuan, a decrease of 16.2%. In addition, China's import and export through bonded logistics amounted to 2.14 trillion yuan, an increase of 12.4%. Among them, exports reached 841.83 billion yuan, an increase of 21.3%; Imports reached 1.3 trillion yuan, an increase of 7.3%.

Import and export growth to ASEAN and the European Union, while decline to the United States and Japan. According to customs data, in the first five months, ASEAN was my largest trading partner, with a total trade value of 2.59 trillion yuan, an increase of 9.9%, accounting for 15.4% of my total foreign trade value. Among them, exports to ASEAN reached 1.56 trillion yuan, an increase of 16.4%; Import from ASEAN reached 1.03 trillion yuan, an increase of 1.4%; The trade surplus with ASEAN reached 523.86 billion yuan, an increase of 64.3%. The EU is my second largest trading partner, with a total trade value of 2.28 trillion yuan, an increase of 3.6%, accounting for 13.6%. Among them, exports to the European Union reached 1.48 trillion yuan, an increase of 2.4%; Imports from the European Union reached 80.04 billion yuan, an increase of 5.8%; The trade surplus with the European Union reached 679.09 billion yuan, narrowing by 1.3%. The United States is my third largest trading partner, with a total trade value of 1.89 trillion yuan, a decrease of 5.5%, or 11.3%. Among them, exports to the United States reached 1.38 trillion yuan, a decrease of 8.5%; Import from the United States reached 508.29 billion yuan, an increase of 3.9%; The trade surplus with the United States reached 87.057 billion yuan, narrowing by 14.5%. Japan is my fourth largest trading partner, with a total trade value of 902.66 billion yuan, a decrease of 3.5% or 5.4%. Among them, exports to Japan reached 461.27 billion yuan, an increase of 5.4%; Import from Japan reached 441.39 billion yuan, a decrease of 11.3%; The trade surplus with Japan was 19.88 billion yuan, compared to a trade deficit of 59.9 billion yuan in the same period last year. Over the same period, China's imports and exports to countries along the "the Belt and Road" totaled 5.78 trillion yuan, an increase of 13.2%. Among them, exports reached 3.44 trillion yuan, an increase of 21.6%; Import reached 2.34 trillion yuan, an increase of 2.7%.

The proportion of imports and exports of private enterprises exceeds 50%. In the first five months, the import and export of private enterprises reached 8.86 trillion yuan, an increase of 13.1%, accounting for 52.8% of China's total foreign trade value, an increase of 3.9 percentage points compared to the same period last year. Among them, exports reached 6.09 trillion yuan, an increase of 16.2%, accounting for 63.3% of the total export value; Import reached 2.77 trillion yuan, an increase of 6.8%, accounting for 38.8% of the total import value. The import and export of state-owned enterprises reached 2.76 trillion yuan, an increase of 4.7%, accounting for 16.4% of China's total foreign trade value. Among them, exports reached 760.45 billion yuan, an increase of 8.8%; Import reached 2 trillion yuan, an increase of 3.2%. During the same period, the import and export of foreign-invested enterprises reached 5.1 trillion yuan, a decrease of 7.6%, accounting for 30.4% of China's total foreign trade value. Among them, exports reached 2.75 trillion yuan, a decrease of 6.8%; Imports reached 2.35 trillion yuan, a decrease of 8.5%.

The exports of mechanical and electrical products and labor secret products have both increased. According to customs data, in the first five months, China's export of mechanical and electrical products reached 5.57 trillion yuan, an increase of 9.5%, accounting for 57.9% of the total export value. Among them, automatic data processing equipment and its components amounted to 509.15 billion yuan, a decrease of 18.1%; Mobile phones reached 339.77 billion yuan, a decrease of 6.4%; Automobiles reached 266.78 billion yuan, an increase of 124.1%. During the same period, the export of labor secret products reached 1.65 trillion yuan, an increase of 5.4%, accounting for 17.2%. Among them, clothing and accessories amounted to 421.89 billion yuan, an increase of 6.6%; Textiles amounted to 390.48 billion yuan, a decrease of 2.4%; Plastic products reached 294.02 billion yuan, an increase of 9%.

The import volume of iron ore, crude oil, and coal has increased and decreased, while the import volume and price of natural gas and soybeans have both increased. In the first five months, China imported 481 million tons of iron ore, an increase of 7.7%, and the average import price (the same below) was 791.5 yuan per ton, a decrease of 4.5%; Crude oil reached 230 million tons, an increase of 6.2%, at 4029.1 yuan per ton, a decrease of 11.3%; 182 million tons of coal, an increase of 89.6%, at 877 yuan per ton, a decrease of 14.9%; 18 million tons of refined oil, an increase of 78.8%, with a decrease of 21.1% at 4068.8 yuan per ton. During the same period, imported natural gas reached 46.291 million tons, an increase of 3.3%, at 4003.2 yuan per ton, an increase of 4.8%; Soybeans reached 42.306 million tons, an increase of 11.2%, at 4469.2 yuan per ton, an increase of 9.7%. In addition, the import of primary shaped plastics reached 11.827 million tons, a decrease of 6.8%, at 10900 yuan per ton, a decrease of 11.8%; Unwrought copper and copper products reached 2.139 million tons, a decrease of 11%, at 61000 yuan per ton, a decrease of 5.7%. During the same period, imported mechanical and electrical products reached 2.43 trillion yuan, a decrease of 13%. Among them, there were 186.48 billion integrated circuits, a decrease of 19.6%, with a value of 905.01 billion yuan, a decrease of 18.4%; 284000 cars, a decrease of 26.9%, with a value of 123.82 billion yuan, a decrease of 21.7%.


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