The reporter learned from the General Administration of Customs on the 7th that following the growth rate of China's import and export of goods in October from the previous year-on-year decline to an increase of 0.9%, the growth rate of import and export of goods in November further increased to 1.2%, with a total import and export value of 3.7 trillion yuan. According to customs statistics, in the first 11 months of this year, the total value of China's trade in goods was 37.96 trillion yuan, the same as the same period last year. Of this total, the export was 21.6 trillion yuan, up by 0.3%; Imports were 16.36 trillion yuan, down 0.5%; Trade surplus increased by 2.8% to 5.24 trillion yuan. In November, China's exports of goods were 2.1 trillion yuan, up 1.7%; Imports reached 1.6 trillion yuan, up 0.6%. Specifically, in the first 11 months of this year, the main characteristics of China's imports and exports are as follows:
General trade imports and exports increased, the proportion increased. In the first 11 months, China's general trade imports and exports were 24.58 trillion yuan, an increase of 1.6%, accounting for 64.8% of the total value of China's foreign trade, an increase of 1 percentage point over the same period last year. China's import and export through bonded logistics totaled 4.99 trillion yuan, up 6.6%. Of this total, the export was 1.98 trillion yuan, up by 10.3%; Imports reached 3.01 trillion yuan, an increase of 4.3%. Imports and exports to ASEAN increased, and imports from the EU increased. In the first 11 months, ASEAN was China's largest trading partner, with a total trade value of 5.8 trillion yuan, up 0.1%, accounting for 15.3% of China's total foreign trade value. In the same period, the EU was China's second largest trading partner, with imports from the EU reaching 1.81 trillion yuan, an increase of 5%; The United States is our third largest trading partner, and Japan is our fourth largest trading partner. In the same period, China's imports and exports to countries jointly building the Belt and Road Initiative totaled 17.65 trillion yuan, up 2.6 percent. Imports and exports of private enterprises maintained growth. In the first 11 months, the import and export of private enterprises reached 20.24 trillion yuan, an increase of 6.1%, accounting for 53.3% of China's total foreign trade value, an increase of 3.1 percentage points over the same period last year. Among them, the export was 13.62 trillion yuan, up by 5.3%, accounting for 63% of the total export value; Imports reached 6.62 trillion yuan, up 7.6%, accounting for 40.5% of the total value of imports. Mechanical and electrical products accounted for nearly 60% of exports, of which mobile phones, automobiles exports increased. In the first 11 months, China exported 12.66 trillion yuan of mechanical and electrical products, an increase of 2.8%, accounting for 58.6% of the total export value. Among them, mobile phones reached 885.25 billion yuan, up by 3.3%; Automobiles reached 652.92 billion yuan, up 79.6%.
In addition, imports of major commodities such as iron ore, crude oil, coal, natural gas and soybeans increased. In the first 11 months, China imported 1.078 billion tons of iron ore, an increase of 6.2%. According to the statistical survey of China Customs trade climate, the proportion of enterprises reflecting the increase in export and import orders has increased, and the foundation for achieving the goal of promoting stability and improving quality of foreign trade throughout the year has become more solid. Lu Daliang, director of the Statistical analysis Department of the General Administration of Customs, said that entering the fourth quarter, the positive factors for the development of China's foreign trade continue to increase, the total value of imports and exports increased for two consecutive months, and the stable development trend continues to consolidate. "The recent export performance of some goods such as automobiles and mobile phones is bright, reflecting the external demand of related industries, and fully reflecting the comprehensive competitive advantage of China's manufacturing industry." Lu Daliang said that the policy, the efforts of enterprises and the joint efforts of all parties, the fourth quarter export is expected to continue to consolidate the momentum of stability.
