Customs Statistics: Analysis Of China'S Trade Surplus Data In The First Four Months Of Import And Export

According to customs statistics, in the first four months of this year, China's total import and export value was 13.32 trillion yuan, up 5.8% year on year (the same below). Among them, the export was 7.67 trillion yuan, up 10.6%; Imports reached 5.65 trillion yuan, up 0.02%; The trade surplus was 2.02 trillion yuan, an increase of 56.7%.

In dollar terms, China's total import and export value in the first four months of this year was $1.94 trillion, down 1.9%. Among them, exports totaled US $1.12 trillion, up 2.5%; Imports were 822.76 billion US dollars, down 7.3%; The trade surplus was US $294.19 billion, an increase of 45%.

In April this year, China's import and export reached 3.43 trillion yuan, up 8.9%. Among them, exports reached 2.02 trillion yuan, up 16.8%; Imports reached 1.41 trillion yuan, down 0.8%; The trade surplus was 618.44 billion yuan, an increase of 96.5%. Measured in US dollars, China's import and export in April this year reached US $500.63 billion, up 1.1%. Among them, exports reached 295.42 billion US dollars, up 8.5%; Imports reached US $205.21 billion, down 7.9%; The trade surplus was US $90.21 billion, an increase of 82.3%.

　　 Main features of China's foreign trade import and export in the first four months of this year:

The proportion of import and export in general trade increased. In the first four months, China's general trade import and export reached 8.72 trillion yuan, an increase of 8.5%, accounting for 65.4% of China's total foreign trade, 1.6 percentage points higher than the same period last year. Among them, exports reached 5.01 trillion yuan, up 14.1%; Imports totaled 3.71 trillion yuan, up 1.8%. Over the same period, the import and export of processing trade was 2.38 trillion yuan, down 9.8%, accounting for 17.9%. Among them, the export was 1.57 trillion yuan, down 4.7%; Imports reached 810.78 billion yuan, down 18.2%.

In addition, China's imports and exports by bonded logistics amounted to 1.73 trillion yuan, up 15.4%. Among them, the export was 676.42 billion yuan, up 23.4%; Imports reached 1.05 trillion yuan, up 10.8%.

Imports and exports to ASEAN and the EU increased, while those to the United States and Japan declined. In the first four months, ASEAN was China's largest trading partner. The total trade value between China and ASEAN was 2.09 trillion yuan, an increase of 13.9%, accounting for 15.7% of China's total foreign trade value. Among them, the export to ASEAN was 1.27 trillion yuan, up 24.1%; Import from ASEAN reached 820.03 billion yuan, up 1.1%; The trade surplus with ASEAN was 451.55 billion yuan, an increase of 111.4%.

The EU is China's second largest trading partner. The total trade value between China and the EU is 1.8 trillion yuan, an increase of 4.2%, accounting for 13.5%. Among them, the export to the EU was 1.17 trillion yuan, up 3.2%; Imports from the EU reached 631.35 billion yuan, up 5.9%; The trade surplus with the EU was 541.46 billion yuan, an increase of 0.3%. The United States is our third largest trading partner. The total value of our trade with the United States was 1.5 trillion yuan, down 4.2%, accounting for 11.2%. Among them, the export to the United States was 1.09 trillion yuan, down 7.5%; Imports from the United States reached 410.06 billion yuan, up 5.8%; The trade surplus with the United States was 676.89 billion yuan, down 14.1%.

Japan is our fourth largest trading partner. The total value of our trade with Japan was 731.66 billion yuan, down 2.6%, accounting for 5.5%. Among them, the export to Japan was 375.24 billion yuan, up 8.7%; Import from Japan was 356.42 billion yuan, down 12.1%; The trade surplus with Japan was 18.82 billion yuan, compared with 60.44 billion yuan in the same period last year.

Over the same period, China's imports and exports to countries along the "Belt and Road" totaled 4.61 trillion yuan, an increase of 16%. Among them, exports reached 2.76 trillion yuan, up 26%; Imports reached 1.85 trillion yuan, up 3.8%.

The proportion of import and export of private enterprises exceeded 50%.

In the first four months, the import and export of private enterprises reached 7.05 trillion yuan, up 15.8%, accounting for 52.9% of China's total foreign trade, 4.6 percentage points higher than the same period last year.

Among them, the export was 4.86 trillion yuan, up 20.2%, accounting for 63.3% of the total export value; Import reached 2.19 trillion yuan, up 7.1%, accounting for 38.8% of the total import value. The import and export of state-owned enterprises reached 2.18 trillion yuan, up 5.7%, accounting for 16.4% of China's total foreign trade value.

Among them, exports reached 605.24 billion yuan, up 13.6%; Imports reached 1.57 trillion yuan, up 3%. Over the same period, the import and export of foreign-invested enterprises reached 4.06 trillion yuan, down 8.2%, accounting for 30.5% of China's total foreign trade value. Among them, the export was 2.2 trillion yuan, down 6.9%; Imports reached 1.86 trillion yuan, down 9.8%.

The export of mechanical and electrical products and labor products increased. In the first four months, China exported 4.44 trillion yuan of electromechanical products, an increase of 10.5%, accounting for 57.9% of the total export value. Of which, 204.53 billion yuan was for automobiles, up 120.3%; Mobile phones were 282.95 billion yuan, down 3.2%.

Over the same period, the export of labor-intensive products reached 1.31 trillion yuan, up 8.8%, accounting for 17.1%. Among them, clothing and clothing accessories were 330.46 billion yuan, up 10.6%; Textiles totaled 307.84 billion yuan, down 0.8%; Plastic products reached 235.15 billion yuan, up 12.6%.

The import volume of iron ore, crude oil and coal increased and the price decreased, the import volume of natural gas decreased and the price of soybean increased. In the first four months, China imported 385 million tons of iron ore, up 8.6%, and the average import price (the same below) was 781.4 yuan per ton, down 4.6%; Crude oil was 179 million tons, up 4.6%, at 4017.7 yuan per ton, down 8.9%; 142 million tons of coal, up 88.8%, or 897.5 yuan per ton, down 11.8%; Refined oil was 13.587 million tons, up 68.6%, 4084.4 yuan per ton, down 19.1%. During the same period, 35.687 million tons of imported natural gas decreased by 0.3% to 4151 yuan per ton, up 8%.

In addition, 30.286 million tons of soybeans were imported, up 6.8% to 4559.8 yuan per ton, up 14.1%. 9.511 million tons of plastic in primary shape were imported, down 7.6% to 10800 yuan per ton, down 10.8%; 1.695 million tons of unwrought copper and copper products decreased by 12.6% to 61000 yuan per ton, down 5.8%. Over the same period, imports of mechanical and electrical products reached 1.93 trillion yuan, down 14.4%.

Among them, there were 146.84 billion integrated circuits, down 21.1%, worth 724.08 billion yuan, down 19.8%; 225000 cars, down 28.9%, worth 100.41 billion yuan, down 21.6%.