The figures released by the General Administration of Customs on the 11th show that although China’s foreign trade import and export in July has deepened, the chain continued to grow and rebounded for the fifth consecutive month.
Statistics show that in July, China's foreign trade import and export value was US$200.21 billion, down 19.4% year-on-year and 9.6% quarter-on-quarter. Among them, the export value exceeded 100 billion US dollars for the first time this year, down US$105.42 billion, down 23% year-on-year. The increase was 10.4%; the import was 94.79 billion US dollars, down 14.9% year-on-year and 8.7% quarter-on-quarter.
From January to July, the total import and export value of China's foreign trade was US$1,146.71 billion, down 22.7% year-on-year, of which exports were US$627.1 billion, down 22% year-on-year; imports were US$519.61 billion, down 23.6% year-on-year. The cumulative trade surplus was US$107.49 billion. Decreased by 12.4% year-on-year.
The General Administration of Customs pointed out that since the five-month decline in China's foreign trade import and export since October last year, it has been continuously rebounding for five months since March of this year, and the monthly recovery trend is basically established.
In the first seven months, the EU continued to be China's largest trading partner. The bilateral trade value between China and the EU fell by 20.7% year-on-year. The United States is China's second largest trading partner, and the bilateral trade value between China and the United States fell by 16.1%. Japan is the third largest trade. Partners, the bilateral trade value between China and Japan fell by 22.6%. In addition, the total value of imports and exports between China and ASEAN fell by 22.4%; the total value of imports and exports with India fell by 30.2%. The total value of imports and exports between the Mainland and Hong Kong fell by 23.6%.
Among export commodities, the export of major labor-intensive products fell to single digits. According to customs statistics, from January to July, exports of clothing and clothing accessories fell by 9.1% year-on-year; footwear exports fell by 5.2%; furniture exports fell by 9.8%; plastics Exports of products decreased by 7%; exports of luggage decreased by 8.2%. In the same period, China's exports of mechanical and electrical products reached US$367.71 billion, down 20.8% year-on-year.
Among the imported commodities, the import volume of major commodities increased to varying degrees. Among them, iron ore imports were 360 ​​million tons, up 31.8% year-on-year; crude oil imports were 110 million tons, up 5.8%; soybean imports were 26.48 million tons, up 27.7%; The primary shape of plastics was 13.83 million tons, an increase of 26.6%; the unwrought copper and copper materials were 2.643 million tons, an increase of 75%.
Statistics show that in July, China's foreign trade import and export value was US$200.21 billion, down 19.4% year-on-year and 9.6% quarter-on-quarter. Among them, the export value exceeded 100 billion US dollars for the first time this year, down US$105.42 billion, down 23% year-on-year. The increase was 10.4%; the import was 94.79 billion US dollars, down 14.9% year-on-year and 8.7% quarter-on-quarter.
From January to July, the total import and export value of China's foreign trade was US$1,146.71 billion, down 22.7% year-on-year, of which exports were US$627.1 billion, down 22% year-on-year; imports were US$519.61 billion, down 23.6% year-on-year. The cumulative trade surplus was US$107.49 billion. Decreased by 12.4% year-on-year.
The General Administration of Customs pointed out that since the five-month decline in China's foreign trade import and export since October last year, it has been continuously rebounding for five months since March of this year, and the monthly recovery trend is basically established.
In the first seven months, the EU continued to be China's largest trading partner. The bilateral trade value between China and the EU fell by 20.7% year-on-year. The United States is China's second largest trading partner, and the bilateral trade value between China and the United States fell by 16.1%. Japan is the third largest trade. Partners, the bilateral trade value between China and Japan fell by 22.6%. In addition, the total value of imports and exports between China and ASEAN fell by 22.4%; the total value of imports and exports with India fell by 30.2%. The total value of imports and exports between the Mainland and Hong Kong fell by 23.6%.
Among export commodities, the export of major labor-intensive products fell to single digits. According to customs statistics, from January to July, exports of clothing and clothing accessories fell by 9.1% year-on-year; footwear exports fell by 5.2%; furniture exports fell by 9.8%; plastics Exports of products decreased by 7%; exports of luggage decreased by 8.2%. In the same period, China's exports of mechanical and electrical products reached US$367.71 billion, down 20.8% year-on-year.
Among the imported commodities, the import volume of major commodities increased to varying degrees. Among them, iron ore imports were 360 ​​million tons, up 31.8% year-on-year; crude oil imports were 110 million tons, up 5.8%; soybean imports were 26.48 million tons, up 27.7%; The primary shape of plastics was 13.83 million tons, an increase of 26.6%; the unwrought copper and copper materials were 2.643 million tons, an increase of 75%.
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