According to figures released by the General Administration of Customs on the 11th, China’s foreign trade export value in October was 110.76 billion U.S. dollars. Since the beginning of this year, the monthly export value has exceeded 100 billion U.S. dollars for the fourth consecutive month.
Customs statistics show that the total import and export value of China's foreign trade in the first 10 months of this year was 1,755.49 billion US dollars, down 19.9% ​​year-on-year. Among them, exports were 957.36 billion US dollars, down 20.5%; imports were 798.13 billion US dollars, down 19%. The accumulated trade surplus was US$159.23 billion, a decrease of 27.2%. In October, the total value of imports and exports was US$197.54 billion, down 10.7% year-on-year. Among them, exports fell by 13.8%; imports of 86.78 billion US dollars, down 6.4%.
In China's bilateral trade with its major trading partners, from January to October this year, the EU continued to be China's largest trading partner. The bilateral trade value between China and the EU was US$ 292.42 billion, down 18.7% year-on-year. In the same period, the United States was China's second largest trading partner. The bilateral trade volume between China and the United States was US$239.36 billion, down 14.9%. Japan is the third largest trading partner, and the total bilateral trade volume between China and Japan is 182.34 billion US dollars, down 19.3%. In addition, Brazil has surpassed India to become China's ninth largest trading partner with a slight advantage. The bilateral trade value of China and Pakistan was 34.76 billion US dollars, down 18.6%.
Among the export commodities, the year-on-year decline in the export of China's major labor-intensive products was less than the 20.5% decline in the overall export. According to customs statistics, from January to October this year, exports of clothing and clothing accessories fell by 10.9% year-on-year, textile yarn and fabric exports fell by 12.9%, footwear exports fell by 6%, and plastic products exports fell by 8.4%. Luggage exports fell 10.2%, and toy exports fell 11.3%. In the same period, China's exports of mechanical and electrical products reached US$564.64 billion, down 18.6%, accounting for 59% of the total export value in the same period.
Among the imported commodities, the import volume of major commodities has increased to varying degrees. From January to October, China imported 227.21 billion US dollars of primary products, down 29.4% year-on-year. Among them, iron ore imports increased by 36.8%, crude oil imports increased by 9.4%, and soybean imports increased by 13.2%. In the same period, imported industrial products were 570.92 billion US dollars, down 14% year-on-year. Among them, the import of mechanical and electrical products was 389 billion US dollars, down 15.8%; the import of automobiles was 305,000, down 10.6%; the import of steel was 14.86 million tons, up 10.3%.
Customs statistics show that the total import and export value of China's foreign trade in the first 10 months of this year was 1,755.49 billion US dollars, down 19.9% ​​year-on-year. Among them, exports were 957.36 billion US dollars, down 20.5%; imports were 798.13 billion US dollars, down 19%. The accumulated trade surplus was US$159.23 billion, a decrease of 27.2%. In October, the total value of imports and exports was US$197.54 billion, down 10.7% year-on-year. Among them, exports fell by 13.8%; imports of 86.78 billion US dollars, down 6.4%.
In China's bilateral trade with its major trading partners, from January to October this year, the EU continued to be China's largest trading partner. The bilateral trade value between China and the EU was US$ 292.42 billion, down 18.7% year-on-year. In the same period, the United States was China's second largest trading partner. The bilateral trade volume between China and the United States was US$239.36 billion, down 14.9%. Japan is the third largest trading partner, and the total bilateral trade volume between China and Japan is 182.34 billion US dollars, down 19.3%. In addition, Brazil has surpassed India to become China's ninth largest trading partner with a slight advantage. The bilateral trade value of China and Pakistan was 34.76 billion US dollars, down 18.6%.
Among the export commodities, the year-on-year decline in the export of China's major labor-intensive products was less than the 20.5% decline in the overall export. According to customs statistics, from January to October this year, exports of clothing and clothing accessories fell by 10.9% year-on-year, textile yarn and fabric exports fell by 12.9%, footwear exports fell by 6%, and plastic products exports fell by 8.4%. Luggage exports fell 10.2%, and toy exports fell 11.3%. In the same period, China's exports of mechanical and electrical products reached US$564.64 billion, down 18.6%, accounting for 59% of the total export value in the same period.
Among the imported commodities, the import volume of major commodities has increased to varying degrees. From January to October, China imported 227.21 billion US dollars of primary products, down 29.4% year-on-year. Among them, iron ore imports increased by 36.8%, crude oil imports increased by 9.4%, and soybean imports increased by 13.2%. In the same period, imported industrial products were 570.92 billion US dollars, down 14% year-on-year. Among them, the import of mechanical and electrical products was 389 billion US dollars, down 15.8%; the import of automobiles was 305,000, down 10.6%; the import of steel was 14.86 million tons, up 10.3%.
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