General

Recently, customs data released by the General Administration of Customs showed that from January to August this year, China's total imports and exports reached 27.3 trillion yuan, an increase of 10.1% over the same period last year. Among them, the import amount was 11.82 trillion yuan and the export amount was 15.48 trillion yuan, up 5.2% and 14.2% year on year respectively.

According to detailed customs data, China's imports and exports to ASEAN, the EU, the United States and other major partners have increased. According to customs data, the total trade value between China and ASEAN in the first eight months reached 4.09 trillion yuan, accounting for 15% of China's total foreign trade. ASEAN has become China's largest trading partner.

Since the beginning of trade exchanges between China and ASEAN, bilateral cooperation has always been developing in the direction of mutual benefit and win-win results. In 2020, ASEAN will surpass the EU to become China's largest trading partner, and China has been ASEAN's largest trading partner for 12 consecutive years.

With the effective implementation of RCEP, the "world's largest free trade zone", the "circle of friends" of trade between China and ASEAN continues to expand, and trade dividends continue to release. The gratifying achievements of China ASEAN in the first eight months are obvious. At the same time, China's imports and exports to the other 14 members of RCEP also increased by 7.5% year on year.

As China's second largest trading partner, the total trade between China and the EU in the first eight months was 3.75 trillion yuan, up 9.5%. In recent years, European countries have been clamoring to "decouple" from China.

However, customs data prove that Europe is still attracted by the unique charm of the Chinese market, and the cooperation between China and the EU is still promising. Many enterprises have also seen the huge potential and space in the Chinese market. In the first half of this year, large European enterprises such as BMW and Audi have expanded their business in China, and their investment in China has increased by 15% year on year.

According to customs data, the United States is behind ASEAN and the European Union, with a total value of 3.35 trillion yuan, up 10.1%, accounting for 12.3% of China's total. The total value of trade between China and South Korea is 1.6 trillion yuan, accounting for 5.9%, making China the fourth largest trading partner.

In today's relatively sluggish economic environment, China has achieved such excellent import and export exchanges with other countries and regions, which shows the stability of China's economy and the "confidence" of the world's countries in China's economy.