China's trade surplus in August was 2.88 trillion yuan and 416.59 billion yuan

According to customs statistics, China's total import and export value of goods in the first eight months of this year was 20.05 trillion yuan, 0.6 percent lower than the same period last year (the same period below) and 1.1 percentage points smaller than in the first seven months, according to the General Administration of Customs website. Exports totaled 11.05 trillion yuan, up 0.8%; Imports of 9 trillion yuan, down 2.3%; The trade surplus was 2.05 trillion yuan, up 17.2%.

In August, China's foreign trade totaled 2.88 trillion yuan, up 6 percent. Exports totaled 1.65 trillion yuan, up 11.6%. Imports of 1.23 trillion yuan, down 0.5%; The trade surplus is 416.59 billion yuan, up 74.4%.

General trade imports and exports increased, and the proportion increased. In the first eight months of this year, China's general trade imports and exports totaled 12.09 trillion yuan, up 0.5 percent and accounting for 60.3 percent of China's total foreign trade, 0.7 percentage points higher than the same period last year. Exports totaled 6.59 trillion yuan, up 2.5%; Imports were 5.5 trillion yuan, down 1.7%. In the same period, the import and export of processing trade was 4.68 trillion yuan, down 6.7 percent. Exports totaled 2.97 trillion yuan, down 6.6%. Imports were 1.71 trillion yuan, down 6.8%. In addition, China's imports and exports through bonded logistics totaled 2.43 trillion yuan, up 4.8 percent. Of this, exports amounted to 828.55 billion yuan, up 7.8 percent; Imports totaled 1.6 trillion yuan, up 3.3%.

Imports and exports to ASEAN, the European Union and Japan grew, while imports and exports to the United States declined slightly. In the first eight months of this year, ASEAN was China's largest trading partner. China's total trade with ASEAN reached 2.93 trillion yuan, an increase of 7% and accounting for 14.6% of China's total foreign trade. Of this, China's export to ASEAN reached 1.64 trillion yuan, up 6.9%; Imports from ASEAN reached 1.29 trillion yuan, up 7.1%; The trade surplus with ASEAN reached 344.34 billion yuan, up 6.2%. The EU is China's second largest trading partner, with a total trade value of 2.81 trillion yuan, up 1.4% and accounting for 14% of China's total foreign trade. Of this, China's export to the EU reached 1.72 trillion yuan, up 5.3%. Imports from the EU stood at 1.09 trillion yuan, down 4.1%; The trade surplus with the EU reached 628.92 billion yuan, up 26.9%. The United States is China's third largest trading partner. The total value of trade between China and the United States was 2.42 trillion yuan, down 0.4% and accounting for 12.1% of China's total foreign trade. Among them, China's export to the US was 1.87 trillion yuan, down 0.5%; Imports from the United States reached 549.32 billion yuan, up 0.2%; The trade surplus with the US was 1.32 trillion yuan, down 0.8%. Japan is China's fourth largest trading partner. The total value of trade between China and Japan is 1.4 trillion yuan, an increase of 1%, accounting for 7% of China's total foreign trade. Of this amount, exports to Japan amounted to 638.72 billion yuan, up 0.3%; Imports from Japan reached 766.06 billion yuan, up 1.6%; The trade deficit with Japan was 127.34 billion yuan, up 8.7%.

The import and export of private enterprises increased and their proportion increased. In the first eight months, the import and export of private enterprises reached 9.21 trillion yuan, up by 8.5%, accounting for 45.9% of China's total foreign trade value and 3.9 percentage points higher than that of the same period last year. Exports totaled 6.07 trillion yuan, up 8.3%, accounting for 54.9% of the total value of exports. Imports totaled 3.14 trillion yuan, up 8.9% and accounting for 34.9% of the total value of imports. In the same period, the import and export of foreign-invested enterprises reached 7.74 trillion yuan, down 4.3 percent, accounting for 38.6 percent of China's total foreign trade value. Exports totaled 4.01 trillion yuan, down 6.2%; Imports were 3.73 trillion yuan, down 2.2%. In addition, the import and export of state-owned enterprises reached 3.02 trillion yuan, down 13.2 percent and accounting for 15.1 percent of China's total foreign trade value. Of this, exports totaled 944.7 billion yuan, down 10.5%. Imports were 2.08 trillion yuan, down 14.4 percent.

The export of mechanical and electrical products, textiles and plastic products increased, while the export of clothing decreased. In the first eight months, China exported 6.47 trillion yuan of mechanical and electrical products, up 2.1 percent and accounting for 58.5 percent of the total value of exports. Among them, the export of automatic data processing equipment and its parts reached 901.48 billion yuan, up 8.4%; Mobile phones totaled 488.73 billion yuan, up 8.9%. In the same period, exports of textiles, including masks, reached 737.55 billion yuan, up 37.8 percent; Garments totaled 581.33 billion yuan, down 10.2 percent; 356.53 billion yuan for plastic products, up 14.5%; 234.39 billion yuan for furniture, up 1.6%; 152.4 billion yuan for shoes and boots, down 25.2 percent; 127.13 billion yuan for toys, down 1%; Cases and bags totaled 88.74 billion yuan, down 26%. In addition, 36,557,000 tons of steel were exported, down 18.6 percent; The number of automobiles (including chassis) was 607,000, down 25.4%.

Imports of iron ore, crude oil, coal, natural gas and soybeans rose and fell. In the first eight months, China imported 760 million tons of iron ore, up 11 percent. The average import price was 652.4 yuan per ton, down 0.2 percent. Crude oil was 368 million tons, up 12.1%. The average import price was 2306.4 yuan per ton, down 30.1%. Coal was 221 million tons, up 0.2%, and the average import price was 493.5 yuan per ton, down 8.4%. Natural gas was 65.068 million tons, up 3.3%. The average import price was 2450.1 yuan per ton, down 18.1%. Soybeans totaled 64.739 million tons, up 15%. The average import price was 2,718.8 yuan per ton, down 0.4%. The average import price of plastic in primary shape was 8753.5 yuan per ton, down 12.9 percent; The average import price of refined oil was 2890.1 yuan per ton, down 23.7%. The average import price was 5915.1 yuan per ton, down 27.6%. Unforged and rolled copper and copper materials were 4.272 million tons, up 38.1%, while the average import price was 43,000 yuan per ton, down 4.9%. In addition, imports of mechanical and electrical products totaled 4.05 trillion yuan, up 2%. Among them, integrated circuits reached 333.46 billion, up 22.5%, with a value of 1.51 trillion yuan, up 15.3%; 515,000 automobiles (including chassis), a decrease of 26.6%, valued at 172.42 billion yuan, a decrease of 21.6%.