According to customs statistics, in the first five months of this year, China’s import and export value was 16.77 trillion yuan, an increase of 4.7% year-on-year. Of this total, the export was 9.62 trillion yuan, up by 8.1 percent; Imports reached 7.15 trillion yuan, up 0.5%; Trade surplus reached 2.47 trillion yuan, an increase of 38%. In dollar terms, China’s import and export value in the first five months of this year was 2.44 trillion US dollars, down 2.8%. Among them, the export was US $1.4 trillion, up by 0.3%; Imports were US $1.04 trillion, down 6.7%; The trade surplus was US $359.48 billion, up 27.8%.
In May, China’s imports and exports reached 3.45 trillion yuan, an increase of 0.5%. Among them, the export was 1.95 trillion yuan, down 0.8%; Imports reached 1.5 trillion yuan, up 2.3%; The trade surplus was 452.33 billion yuan, down 9.7%. In US dollar terms, China’s imports and exports in May this year were 501.19 billion US dollars, down 6.2%. Among them, the export was 283.5 billion US dollars, down 7.5%; Imports totaled 217.69 billion U.S. dollars, down 4.5%; The trade surplus narrowed by 16.1% to US $65.81 billion.
The proportion of imports and exports in general trade increased
In the first five months, China’s general trade imports and exports were 11 trillion yuan, an increase of 7%, accounting for 65.6% of China’s total foreign trade, an increase of 1.4 percentage points over the same period last year. Of this total, the export was 6.28 trillion yuan, up by 10.4%; Imports reached 4.72 trillion yuan, up 2.9 percent. In the same period, the import and export of processing trade was 2.99 trillion yuan, down 9.3%, accounting for 17.8%. Specifically, the export was 1.96 trillion yuan, down 5.1 percent; Imports reached 1.03 trillion yuan, down 16.2%. In addition, China imported and exported 2.14 trillion yuan by bonded logistics, an increase of 12.4%. Of this total, the export was 841.83 billion yuan, up by 21.3%; Imports reached 1.3 trillion yuan, up 7.3%.
Growth in imports and exports to ASEAN and EU
Against the United States, Japan down
In the first five months of this year, ASEAN was China’s largest trading partner. The total value of China’s trade with ASEAN reached 2.59 trillion yuan, an increase of 9.9%, accounting for 15.4% of China’s total foreign trade.
The EU is my second largest trading partner. The total value of China’s trade with the EU was 2.28 trillion yuan, up 3.6%, accounting for 13.6%.
The United States is my third largest trading partner, and the total value of China’s trade with the United States was 1.89 trillion yuan, down 5.5 percent, accounting for 11.3 percent.
Japan is my fourth largest trading partner, and the total value of our trade with Japan was 902.66 billion yuan, down 3.5%, accounting for 5.4%.
In the same period, China’s imports and exports to countries along the “Belt and Road” totaled 5.78 trillion yuan, an increase of 13.2%.
The proportion of imports and exports of private enterprises exceeded 50%
In the first five months, the import and export of private enterprises reached 8.86 trillion yuan, an increase of 13.1%, accounting for 52.8% of China’s total foreign trade value, an increase of 3.9 percentage points over the same period last year.
The import and export of state-owned enterprises reached 2.76 trillion yuan, an increase of 4.7%, accounting for 16.4% of China’s total foreign trade.
In the same period, the import and export of foreign-invested enterprises was 5.1 trillion yuan, down 7.6%, accounting for 30.4% of China’s total foreign trade.
Exports of mechanical and electrical products and labor products increased
In the first five months, China’s export of mechanical and electrical products was 5.57 trillion yuan, an increase of 9.5%, accounting for 57.9% of the total export value. In the same period, the export of labor products was 1.65 trillion yuan, an increase of 5.4%, accounting for 17.2%.
Iron ore, crude oil, coal imports increased prices fell
Natural gas and soybean import prices rose
In the first five months, China imported 481 million tons of iron ore, an increase of 7.7%, and the average import price (the same below) was 791.5 yuan per ton, down 4.5%; 230 million tons of crude oil, up 6.2%, 4,029.1 yuan per ton, down 11.3%; 182 million tons of coal, up 89.6%, 877 yuan per ton, down 14.9%; 18.00.3 million tons of refined oil, an increase of 78.8%, 4,068.8 yuan per ton, down 21.1%.
In the same period, the imported natural gas was 46.291 million tons, an increase of 3.3%, or 4.8%, to 4003.2 yuan per ton; Soybeans were 42.306 million tons, up 11.2%, or 9.7%, at 4,469.2 yuan per ton.
In addition, the import of primary shape plastic 11.827 million tons, a decrease of 6.8%, 10,900 yuan per ton, down 11.8%; Unwrought copper and copper material 2.139 million tons, down 11%, 61,000 yuan per ton, down 5.7%.
During the same period, the import of mechanical and electrical products was 2.43 trillion yuan, down 13%. Among them, integrated circuits were 186.48 billion, down 19.6%, with a value of 905.01 billion yuan, down 18.4%; The number of automobiles was 284,000, down 26.9 percent, with a value of 123.82 billion yuan, down 21.7 percent.
Post time: Jun-09-2023