General

According to Huacheng's import and export data, in the first eight months of this year, the total value of my country's import and export of goods trade was 27.3 trillion yuan, a year-on-year increase of 10.1%.

Specifically, my country's exports in the first eight months were 15.48 trillion yuan, an increase of 14.2%; imports were 11.82 trillion yuan, an increase of 5.2%; the trade surplus was 3.66 trillion yuan, an increase of 58.2%.

According to import and export data, in August alone, the total value of my country's foreign trade import and export was 3.71 trillion yuan, an increase of 8.6%. Among them, exports were 2.12 trillion yuan, an increase of 11.8%; imports were 1.59 trillion yuan, an increase of 4.6%; the trade surplus was 535.91 billion yuan, an increase of 40.4%.

Since the beginning of this year, in the face of the complex and severe foreign trade development environment, my country has effectively coordinated epidemic prevention and control and economic and social development, and continued to issue a series of policies to stabilize foreign trade, which has promoted the steady growth of foreign trade.

From the perspective of trading partners, ASEAN continues to maintain the status of my country's largest trading partner. Import and export data show that in the first eight months, the total value of trade between my country and ASEAN was 4.09 trillion yuan, an increase of 14%, accounting for 15% of my country's total foreign trade value; the total value of trade between my country and the EU was 3.75 trillion yuan, an increase of 9.5% , accounting for 13.7%; Sino-US trade value was 3.35 trillion yuan, an increase of 10.1%, accounting for 12.3%; Sino-Korea trade value was 1.6 trillion yuan, an increase of 7.8%, accounting for 5.9%.

It is worth mentioning that during the same period, my country’s total imports and exports to countries along the “Belt and Road” increased by 20.2% year-on-year, and its imports and exports to the other 14 members of the Regional Comprehensive Economic Partnership (RCEP) increased by 7.5% year-on-year.

From the observation of Huacheng's import and export data, from the perspective of foreign trade entities, private enterprises continue to play the role of the "main force" of foreign trade. In the first eight months, the import and export of private enterprises reached 13.68 trillion yuan, an increase of 14.9%, accounting for 50.1% of my country's total foreign trade value, an increase of 2.1 percentage points over the same period last year.

The import and export data also showed that exports of mechanical and electrical products and labor-intensive products both increased. In the first 8 months, my country exported mechanical and electrical products 8.75 trillion yuan, an increase of 9.8%, accounting for 56.5% of the total export value; labor-intensive products exported 2.81 trillion yuan, an increase of 14.1%, accounting for 18.1%.

In terms of imports, in the first 8 months, the import volume and price of my country's iron ore fell, and the import volume of crude oil, coal, natural gas and soybeans decreased in price.