According to the latest statistics from the General Administration of Customs of China, in the first seven months of this year, the total value of China's trade in goods was 15.46 trillion yuan (the same below), an increase of 18.5% over the same period last year. Among them, exports were 8.53 trillion yuan, an increase of 14.4%; imports were 6.93 trillion yuan, an increase of 24%; the trade surplus was 1.6 trillion yuan, a decrease of 14.5%.

In July, China's total import and export value was 2.32 trillion yuan, an increase of 12.7%. Among them, exports were 1.32 trillion yuan, an increase of 11.2%; imports were 1 trillion yuan, an increase of 14.7%; the trade surplus was 321.2 billion yuan, an increase of 1.4%. Affected by factors such as higher base numbers in the same period last year, the growth rate of imports and exports in July fell from June.

China's exports of plastic products increased by 19.6% in the first 7 months

In the first 7 months, China's foreign trade import and export mainly showed the following characteristics:

1. Import and export of general trade increased, and the proportion increased. In the first seven months, China's general trade import and export was 8.77 trillion yuan, an increase of 19.1%, accounting for 56.7% of China's total import and export value, an increase of 0.3 percentage points over the same period last year; of which, exports were 4.63 trillion yuan, an increase of 12.4%; imports 4.14 trillion yuan, an increase of 27.8%; the trade surplus was 503.43 billion yuan, narrowing by 43.5%.

2. Increase in imports and exports to Europe, America, Japan, ASEAN and other markets. In the first seven months, the total value of trade between China and the EU was 2.33 trillion yuan, an increase of 17.1%, accounting for 15.1% of China's total import and export value. The total value of Sino-US trade was 2.18 trillion yuan, an increase of 20.6%, accounting for 14.1% of China's total import and export value.

The total bilateral trade between China and ASEAN was 1.9 trillion yuan, an increase of 20.9%, accounting for 12.3% of China's total import and export value. The total value of China-Japan trade was 1.15 trillion yuan, an increase of 16.9%, accounting for 7.4% of China's total import and export value.

3. The proportion of private enterprises' imports and exports increased. In the first seven months, the import and export of Chinese private enterprises was 5.95 trillion yuan, an increase of 19.9%, accounting for 38.5% of China's total import and export value. Among them, exports were 4.01 trillion yuan, an increase of 17.3%; imports were 1.94 trillion yuan, an increase of 25.6%.

In the same period, the import and export of foreign-invested enterprises was 6.83 trillion yuan, an increase of 14.6%. Among them, exports were 3.62 trillion yuan, an increase of 11.9%; imports were 3.21 trillion yuan, an increase of 17.8%.

4. Mechanical and electrical products and traditional labor-intensive products are still the main exporters. In the first seven months, China’s exports of mechanical and electrical products reached 4.87 trillion yuan, an increase of 14.2%. Among them, the export of plastic products was 151.87 billion yuan, an increase of 19.6%; the export of electrical and electronic products was 2.12 trillion yuan, an increase of 11.2%. In the same period, the total exports of seven categories of labor-intensive products such as clothing, textiles, furniture, footwear, plastic products, luggage and toys totaled 1.77 trillion yuan, an increase of 12.3%, accounting for 20.7% of the total export value.

5. Import volume and prices of bulk commodities such as iron ore, crude oil and natural gas have risen. In the first seven months, China imported 15.98 million tons of plastics in primary shapes, an increase of 11.2%, and the average import price was 11,600 yuan per ton, an increase of 11.9%; imported crude oil was 247 million tons, an increase of 13.6%.

In addition, imports of mechanical and electrical products were 3.08 trillion yuan, an increase of 14.7%; among them, 690,000 automobiles, an increase of 22%.

6. The leading index of China's foreign trade exports increased from the previous month. In July, the leading index of China's foreign trade exports was 41.9, an increase of 0.4 from the previous month. Among them, according to online questionnaire data, China’s export managers’ index was 44.9 in the month, up 0.2 from the previous month; the new export orders index fell by 0.1 to 48.4, and the export manager confidence index and the comprehensive cost index of export enterprises rose by 0.8, 0.2 to 50.6, 23.2.More about:plastic folding wash basin