After June, China’s total value of exports and imports and exports in July hit another record high. In the same month, China’s import and export value reached US$262.31 billion, an increase of 30.8% year-on-year, which was a 3% increase in June compared to June. Exports were US$145.52 billion, an increase of 38.1%. Imports of 116.79 billion U.S. dollars, an increase of 22.7%.
According to the latest statistics released by the General Administration of Customs on the 10th, the total value of China's imports and exports in the first seven months of this year was US$161.05 billion, an increase of 40.9% year-on-year, of which exports were US$85.49 billion, up 35.6%; imports were US$766.56 billion, up 47.2%; Trade The surplus amounted to USD 83.93 billion, a decrease of 21.2%. In June, China’s import and export value was 254.77 billion US dollars, of which exports were 137.4 billion US dollars. The monthly export value and total import and export value both refreshed the history record of July 2008.
The customs data also showed that compared with the first seven months of 2008, the total value of imports and exports in China increased by 9% in the first seven months of this year; exports increased by 5.9%, and imports increased by 12.7%. The total value of imports and exports in July of this year was higher than 2008. The same period increased by 5.7%; exports increased by 6.5%, imports increased by 4.8%.
In the first seven months of this year, China’s general trade import and export amounted to USD 812.11 billion, an increase of 44.3%, which was 3.4 percentage points higher than the national average growth rate of imports and exports during the same period. The trade deficit under general trade was US$ 31.87 billion, while the trade surplus in the same period of 2009 was 13.1. Billion U.S. dollars. During the same period, the import and export of processing trade reached 629.53 billion U.S. dollars, an increase of 36.1 percent, of which exports were 398.41 billion U.S. dollars, up 32.4 percent; imports were 231.12 billion U.S. dollars, up 43.2 percent.
In bilateral trade with major trading partners, China’s bilateral trade with the EU totaled US$263.16 billion in the first seven months of this year, an increase of 36.6%. During the same period, Sino-U.S. bilateral trade totaled US$207.23 billion, an increase of 30.6%; China-Japan bilateral trade The total value was US$161.71 billion, an increase of 34.9%. China’s trade deficit with Japan increased by a factor of 31.41 billion US dollars. The total bilateral trade between China and ASEAN reached US$161 billion, an increase of 49.6%, and China’s trade deficit with ASEAN was US$7.52 billion. In the same period of 2009, the trade deficit was only 400 million U.S. dollars.
It is worth noting that Brazil has replaced Russia as China’s tenth largest trading partner. In the first seven months, China-Pakistan bilateral trade volume totaled US$32.51 billion, an increase of 54.6%.
In the Chinese export commodities, mechanical and electrical products dominated. In the first seven months of this year, China’s exports of mechanical and electrical products totaled 500.69 billion US dollars, an increase of 36.2%, accounting for 58.9% of China’s total exports over the same period. Among imported goods, most of the major commodities were imported. The volume has increased in varying degrees, and the average import price has rapidly risen year-on-year. In the first 7 months, the import of iron ore was 360 million tons, an increase of 1.5%, the average import price was 116 US dollars per ton, up 53.3%, and the soybean import was 30.76 million tons. Growth of 16.2%, the average import price of 439 US dollars per ton, up 4%. In addition, imports of mechanical and electrical products 360.28 billion US dollars, an increase of 42.8%, of which 459,000 imported cars, an increase of 1.5 times.
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