Royal Industry & Trade Co.,Limited
Home > News > Content
China's Foreign Trade Import And Export Increased By 15.6% In The First 11 Months
- Dec 27, 2018 -

According to customs statistics, in the first 11 months of this year, the total value of China's import and export of goods and trade was 25.14 trillion yuan, an increase of 15.6% over the same period last year. Among them, exports were 13.85 trillion yuan, up 11.6%; imports were 11.29 trillion yuan, up 20.9%; trade surplus was 2.56 trillion yuan, narrowing 16.7%.


In November, China’s total import and export value was 2.6 trillion yuan, an increase of 12.6%. Among them, exports were 1.43 trillion yuan, up 10.3%; imports were 1.17 trillion yuan, up 15.6%; trade surplus was 263.6 billion yuan, narrowing 8.4%.


General trade import and export growth, the proportion increased. In the first 11 months, China’s general trade import and export reached 14.18 trillion yuan, an increase of 18.1%, accounting for 56.4% of China’s total import and export value, an increase of 1.2 percentage points over the same period of last year; of which, exports were 7.53 trillion yuan, an increase of 12.4%; 6.65 trillion yuan, an increase of 25.4%; trade surplus of 885.63 billion yuan, narrowed by 36.8%. In the same period, import and export of processing trade was 7.26 trillion yuan, up 10.8%, accounting for 28.9%, down 1.3 percentage points over the same period of last year; among them, exports were 4.62 trillion yuan, up 9.5%; imports were 2.64 trillion yuan, up 13.1%; trade The surplus was 1.98 trillion yuan, an increase of 5%. In addition, China's import and export by special customs supervision method is 2.65 trillion yuan, an increase of 15.4%, accounting for 10.5% of China's total import and export value. Among them, exports were 857.46 billion yuan, up 8.8%, accounting for 6.2% of total exports; imports were 1.79 trillion yuan, up 18.9%, accounting for 15.9% of total imports.


Imports and exports to markets such as Europe, the United States, Japan, ASEAN, etc. have grown rapidly. In the first 11 months, the total trade value of China and the EU was 3.78 trillion yuan, an increase of 16.2%, accounting for 15% of China's total import and export value. Among them, I exported 2.28 trillion yuan to the EU, an increase of 13.3%; imported 1.5 trillion yuan from the EU, an increase of 21.1%; trade surplus with Europe was 775.22 billion yuan. The total trade value between China and the United States is 3.58 trillion yuan, an increase of 16.5%, accounting for 14.2% of China's total import and export value. Among them, I exported 2.64 trillion yuan to the United States, an increase of 15.4%; from the United States, 937.3 billion yuan, an increase of 19.6%; the trade surplus with the United States was 1.7 trillion yuan. In the first 11 months, bilateral trade with ASEAN totaled 3.15 trillion yuan, an increase of 18.4%, accounting for 12.5% of China's total import and export value. Among them, exports to ASEAN were 1.71 trillion yuan, up 13.3%; imports were 1.44 trillion yuan, up 25.1%; trade surplus was 278.43 billion yuan, narrowing 23.8%. The total value of Sino-Japanese trade was 1.86 trillion yuan, an increase of 13.8%, accounting for 7.4% of China's total import and export value. Among them, exports to Japan were 844.9 billion yuan, up 8.8%; imports from Japan were 1.02 trillion yuan, up 18.2%; trade deficit was 171.55 billion yuan, an increase of 1.1 times.


The proportion of imports and exports of private enterprises has increased. In the first 11 months, the import and export of private enterprises in China was 9.68 trillion yuan, an increase of 16.9%, accounting for 38.5% of China's total import and export value, an increase of 0.4 percentage points over the same period last year. Among them, exports were 6.46 trillion yuan, up 13.8%, accounting for 46.7% of the total export value, and continued to maintain the top export share; imports 3.22 trillion yuan, an increase of 23.6%, accounting for 28.5% of the total value of imports. In the same period, the import and export of foreign-invested enterprises was 11.26 trillion yuan, an increase of 12.8%, accounting for 44.8% of China's total import and export value. Among them, exports were 5.96 trillion yuan, up 9.7%, accounting for 43.1% of total exports; imports were 5.3 trillion yuan, up 16.4%, accounting for 46.9% of total imports. In addition, the import and export of state-owned enterprises was 4.11 trillion yuan, an increase of 21.2%, accounting for 16.3% of China's total import and export value. Among them, exports were 1.42 trillion yuan, up 10.4%, accounting for 10.2% of total exports; imports were 2.69 trillion yuan, up 27.8%, accounting for 23.8% of total imports.


Electromechanical products and traditional labor-intensive products are still the main exporters. In the first 11 months, China's exports of mechanical and electrical products reached 8.05 trillion yuan, an increase of 12.6%, accounting for 58.1% of the total export value. Among them, the export of electrical and electronic products was 3.61 trillion yuan, an increase of 10.7%; the mechanical equipment was 2.35 trillion yuan, an increase of 15.5%. In the same period, clothing exports were 974.74 billion yuan, up 3.3%; textiles 678.08 billion yuan, up 7.6%; footwear 297.37 billion yuan, up 7.7%; furniture 306.29 billion yuan, up 9%; plastic products 237.75 billion yuan, up 13.3%; The luggage was 164.34 billion yuan, up 12.4%; the toy was 150.64 billion yuan, up 40.5%; the above 7 categories of labor-intensive products exported a total of 2.81 trillion yuan, an increase of 8.3%, accounting for 20.3% of the total export value. In addition, fertilizer exports were 23.24 million tons, a decrease of 7.1%; steel products were 69.83 million tons, a decrease of 30.7%; and automobiles were 930,000, an increase of 43.6%.


The import volume of bulk commodities such as iron ore, crude oil and natural gas has risen. In the first 11 months, China imported 991 million tons of iron ore, an increase of 6%, the average import price was 485 yuan per ton, up 33%; crude oil 386 million tons, an increase of 12%, the average import price was 2589.3 yuan per ton, rising 30.1%; coal 248 million tons, an increase of 8.5%, the average import price was 563.8 yuan per ton, up 63.8%; refined oil 26.28 million tons, an increase of 6.5%, the average import price was 3281.7 yuan per ton, up 26.1%; natural gas 6070 10,000 tons, an increase of 26.5%, the average import price was 2266.8 yuan per ton, up 14.2%; the initial shape of plastic was 26.05 million tons, an increase of 13%, the average import price was 114,000 yuan per ton, up 8.1%; steel 12.1 million tons , an increase of 0.6%, the average import price of 7669.8 yuan per ton, up 17.2%; unwrought copper and copper 4.24 million tons, a decrease of 5%, the average import price of 44,700 yuan per ton, up 29.5%. In addition, the import of mechanical and electrical products was 5.22 trillion yuan, an increase of 14.7%; among them, 1.13 million vehicles, an increase of 18.9%.


China's foreign trade export leading index rebounded from the previous month. In November, China’s foreign trade export pilot index was 41.8, up 0.2 from last month. Among them, the export manager index was 44.8, up 1.4 from last month; the new export order index and export manager confidence index rose by 2.3, 1.3 to 48.7, 51.2, respectively, and the comprehensive cost index of export enterprises fell by 1 to 20.1.



Related Products