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General Administration of Customs: China's total value of imports and exports in the first half of the year increased by 3.9%(Logistics provider in China)


Jul 16 2019

China News Service, July 12. Li Kuiwen, spokesperson of the General Administration of Customs, revealed on the 12th that the total value of China's foreign trade imports and exports in the first half of this year was 14.67 trillion yuan, an increase of 3.9% over the same period last year. Among them, exports were 7.95 trillion yuan, an increase of 6.1%; imports were 6.72 trillion yuan, an increase of 1.4%; the trade surplus was 1.23 trillion yuan, an increase of 41.6%.(Logistics provider in China)

        The State Council Information Office held a press conference on the afternoon of the 12th. Li Kuiwen disclosed the above information when he briefed China on foreign trade import and export in the first half of this year. Li Kuiwen said that according to the analysis of the General Administration of Customs, China's foreign trade showed a steady growth in the first half of the year. It has the following seven characteristics:

       First, the import and export of general trade increased and its proportion increased. In the first half of the year, China ’s import and export of general trade was 8.78 trillion yuan, an increase of 5.5%, accounting for 59.9% of China ’s total value of imports and exports, an increase of 0.9 percentage points from the same period last year, and the structure of the trade pattern continued to be optimized. Among them, exports were 4.67 trillion yuan, an increase of 9.5%; imports were 4.11 trillion yuan, an increase of 1.4%.

       The second is the increase in imports and exports to major trading partners such as the European Union, ASEAN and Japan. In the first half of the year, China ’s total value of imports and exports to the EU was 2.3 trillion yuan, an increase of 11.2%, accounting for 15.7% of China ’s total value of imports and exports; China ’s total value of imports and exports to ASEAN was 1.98 trillion yuan, an increase of 10.5%, accounting for China ’s imports and exports. 13.5% of total exports. During the same period, China ’s total value of imports and exports to the United States was 1.75 trillion yuan, down 9%, accounting for 12% of China ’s total value of imports and exports; China ’s total value of imports and exports to Japan was 1.03 trillion yuan, an increase of 1.7%, accounting for China ’s imports and exports 7% of the total value.

         Third, the growth rate of imports and exports of countries along the “Belt and Road” is higher than the overall growth rate of imports and exports. In the first half of the year, China ’s total imports and exports from countries along the “Belt and Road” were 4.24 trillion yuan, an increase of 9.7%, which was 5.8 percentage points higher than the overall growth rate of China ’s imports and exports, accounting for 28.9% of China ’s total imports and exports, and the proportion increased by 1.5. percentage point. Among them, imports and exports to Russia, Saudi Arabia, and Egypt increased by 11.5%, 34%, and 11%, respectively. The potential for trade cooperation between China and the countries along the “Belt and Road” is continuously being unleashed and has become a new driving force for China's foreign trade development.

       Fourth, the import and export of private enterprises increased and their proportion increased. In the first half of the year, the imports and exports of private enterprises in China were 6.12 trillion yuan, an increase of 11%, accounting for 41.7% of China's total value of imports and exports, an increase of 2.7 percentage points over the same period last year. Among them, exports were 4.02 trillion yuan, an increase of 13.3%, accounting for 50.6% of China's total exports; imports were 2.1 trillion yuan, an increase of 6.8%, and 31.2% of China's total imports. During the same period, foreign-invested enterprises' imports and exports were 5.92 trillion yuan, down 1%, accounting for 40.4% of China ’s total imports and exports; state-owned enterprises ’imports and exports were 2.57 trillion yuan, an increase of 0.3%, and accounting for 17.5% of China's total imports and exports.

       Fifth, the growth rate of imports and exports in the central and western regions is higher than the overall growth rate of imports and exports in the whole country, and regional development is becoming more coordinated. In the first half of the year, the import and export growth rate of the 12 western provinces and cities was 14%, which was 10.1 percentage points higher than the overall growth rate of the national import and export; the import and export growth rate of the 6 central provinces was 8.1%, which was 4.2 percentage points higher than the overall growth rate of the national import and export. . During the same period, the import and export growth rate of the three northeast provinces was 0.7%, and that of the 10 eastern provinces and cities was 2.8%.

        Sixth, exports of mechanical and electrical products and labor-intensive products increased simultaneously. In the first half of the year, China's export of mechanical and electrical products was 4.63 trillion yuan, an increase of 5.3%, accounting for 58.2% of China's total export value. Among them, the export of portable computers increased by 11.4%; the export of electric passenger cars increased by 91.9%; the export of solar cells increased by 57.1%. During the same period, the total exports of seven categories of labor-intensive products such as textiles and clothing totaled 1.5 trillion yuan, an increase of 7%, accounting for 18.8% of China's total export value.

       Seventh, imports of commodities such as crude oil and coal increased, while imports of iron ore and soybeans declined. In the first half of the year, China imported 245 million tons of crude oil, an increase of 8.8%; coal was 154 million tons, an increase of 5.8%; natural gas was 46.92 million tons, an increase of 11.6%. In addition, imported iron ore was 499 million tons, a decrease of 5.9%; soybeans were 38.27 million tons, a decrease of 14.7%.


       Li Kuiwen said that, overall, China's foreign trade imports and exports in the first half of the year were generally stable, steady progress, and high-quality foreign trade development in an orderly manner. At the same time, we can see that despite the complex and severe external environment and the steady growth of China's foreign trade, a series of challenges have been faced, but the fundamentals of China's long-term development of foreign trade have not changed, and the trend of optimizing foreign trade structure and accelerating the conversion of kinetic energy has not changed. The Customs will adhere to the general keynote of seeking progress while maintaining stability, implement the requirements of "six stability" such as stabilizing foreign trade and foreign investment, overcome difficulties and work hard, continue to deepen the "decentralization of service" reform, and promote the level of trade facilitation. Promote the steady growth of foreign trade, and make positive contributions to quality improvement.

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