General Administration of Customs: The total value of goods trade import and export in China in the first 8 months is 28.58 trillion yuan, a year-on-year increase of 6%.

According to customs statistics, in the first 8 months of 2024, the total value of China's goods trade (hereinafter referred to as the same) import and export was 28.58 trillion yuan, a year-on-year increase of 6%. Among them, exports were 16.45 trillion yuan, an increase of 6.9%; imports were 12.13 trillion yuan, an increase of 4.7%; the trade surplus was 4.32 trillion yuan, an increase of 13.6%. In terms of US dollars, in the first 8 months, the total value of China's imports and exports was 4.02 trillion US dollars, an increase of 3.7%. Among them, exports were 2.31 trillion US dollars, an increase of 4.6%; imports were 1.71 trillion US dollars, an increase of 2.5%; the trade surplus was 608.49 billion US dollars, an increase of 11.2%. The main features of China's imports and exports in the first 8 months of 2024 are as follows: 1. General trade import and export growth. In the first 8 months, China's general trade import and export was 18.46 trillion yuan, an increase of 4.6%, accounting for 64.6% of the total foreign trade value. Among them, exports were 10.82 trillion yuan, an increase of 8%; imports were 7.64 trillion yuan, an increase of 0.1%. During the same period, processing trade import and export was 5.04 trillion yuan, an increase of 4.1%, accounting for 17.6%. Among them, exports were 3.17 trillion yuan, an increase of 1.1%; imports were 1.87 trillion yuan, an increase of 9.9%. In addition, China's import and export through bonded logistics totaled 4.03 trillion yuan, an increase of 16.2%. Among them, exports were 1.55 trillion yuan, an increase of 13.3%; imports were 2.48 trillion yuan, an increase of 18.1%. 2. Import and export growth with ASEAN, EU, US, and South Korea. In the first 8 months, ASEAN was China's largest trading partner, with a total trade value of 4.5 trillion yuan, an increase of 10%, accounting for 15.7% of China's total foreign trade value. Among them, exports to ASEAN were 2.69 trillion yuan, an increase of 13.1%; imports from ASEAN were 1.81 trillion yuan, an increase of 5.7%. The EU was China's second largest trading partner, with a total trade value of 3.72 trillion yuan, an increase of 1.1%, accounting for 13%. Among them, exports to the EU were 2.44 trillion yuan, an increase of 2.9%; imports from the EU were 1.28 trillion yuan, a decrease of 2.1%. The US was China's third largest trading partner, with a total trade value of 3.15 trillion yuan, an increase of 4.4%, accounting for 11%. Among them, exports to the US were 2.38 trillion yuan, an increase of 5%; imports from the US were 778.93 billion yuan, an increase of 2.3%. South Korea was China's fourth largest trading partner, with a total trade value of 1.51 trillion yuan, an increase of 8%, accounting for 5.3%. Among them, exports to South Korea were 687.6 billion yuan, a decrease of 0.1%; imports from South Korea were 826.54 billion yuan, an increase of 15.8%. During the same period, China's total import and export with countries participating in the Belt and Road Initiative was 13.48 trillion yuan, an increase of 7%. Among them, exports were 7.54 trillion yuan, an increase of 7.7%; imports were 5.94 trillion yuan, an increase of 6.1%. 3. Import and export growth of private enterprises and foreign-funded enterprises. In the first 8 months, the import and export of private enterprises was 15.74 trillion yuan, an increase of 10.5%, accounting for 55.1% of China's total foreign trade value, an increase of 2.3 percentage points from the same period last year. Among them, exports were 10.62 trillion yuan, an increase of 9.8%, accounting for 64.6% of China's total exports; imports were 5.12 trillion yuan, an increase of 11.9%, accounting for 42.2% of China's total imports. During the same period, the import and export of foreign-invested enterprises was 8.4 trillion yuan, an increase of 1.5%, accounting for 29.4% of China's total foreign trade value. Among them, exports were 4.53 trillion yuan, an increase of 1.8%; imports were 3.87 trillion yuan, an increase of 1.1%. The import and export of state-owned enterprises was 4.37 trillion yuan, a decrease of 0.1%, accounting for 15.3% of China's total foreign trade value. Among them, exports were 1.27 trillion yuan, an increase of 2.6%; imports were 3.1 trillion yuan, a decrease of 1.1%. 4. Machinery and electrical products accounted for nearly 60% of exports, with exports of automatic data processing equipment and components, integrated circuits, automobiles, and mobile phones increasing. In the first 8 months, China's exports of machinery and electrical products were 9.72 trillion yuan, an increase of 8.8%, accounting for 59.1% of China's total exports. Among them, exports of automatic data processing equipment and components were 942.38 billion yuan, an increase of 11.6%; integrated circuits were 736.04 billion yuan, an increase of 24.8%; automobiles were 540.84 billion yuan, an increase of 22.2%; and mobile phones were 514.37 billion yuan, an increase of 0.5%. During the same period, labor-intensive product exports were 2.8 trillion yuan, an increase of 4.2%, accounting for 17%. Among them, exports of clothing and accessories were 744.39 billion yuan, an increase of 1%; textiles were 661.6 billion yuan, an increase of 5.8%; and plastic products were 497.95 billion yuan, an increase of 9%. Export of Shenzhen Agricultural Power Group products was 463.2 billion yuan, an increase of 4.4%. In addition, exports of steel were 70.575 million tons, an increase of 20.6%; refined oil was 40.04 million tons, a decrease of 5.8%; and fertilizers were 19.713 million tons, an increase of 4.4%. 5. Imports of iron ore, coal, and natural gas increased, while imports of crude oil decreased. In the first 8 months, China imported 815 million tons of iron ore, an increase of 5.2%, with an average import price of 811.5 yuan per ton, an increase of 3.6%; 367 million tons of crude oil, a decrease of 3.1%, with an average import price of 4,318 yuan per ton, an increase of 7.3%; 342 million tons of coal, an increase of 11.8%, with an average import price of 709.6 yuan per ton, a decrease of 12.8%; 87.128 million tons of natural gas, an increase of 12.3%, with an average import price of 3,484.7 yuan per ton, a decrease of 7.6%; 70.478 million tons of soybeans, an increase of 2.8%, with an average import price of 3,630.9 yuan per ton, a decrease of 15.1%; 32.506 million tons of refined oil, an increase of 6.2%, with an average import price of 4,399.6 yuan per ton, an increase of 9.2%. In addition, imports of primary shaped plastics were 19.22 million tons, an increase of 0.4%, with an average import price of 10,800 yuan per ton, a decrease of 0.5%; 3.615 million tons of unwrought copper and copper materials, an increase of 3%, with an average import price of 67,200 yuan per ton, an increase of 10.2%. During the same period, imports of machinery and electrical products were 4.49 trillion yuan, an increase of 10.4%. Among them, integrated circuits increased by 3.58 billion units, an increase of 14.8%, with a value of 1.74 trillion yuan, an increase of 14%; 478,000 automobiles, a decrease of 1.8%, with a value of 193.6.1 billion yuan, a decrease of 6.6%.This article is selected from the "General Administration of Customs official website", edited by GMTEight: Xu Wenqiang.