General Administration of Customs: The total value of China's goods trade import and export in the first 10 months reached 36.02 trillion yuan, a year-on-year increase of 5.2%.

According to customs statistics, in the first 10 months of 2024, the total value of China's merchandise trade (same below) imports and exports was 36.02 trillion yuan, an increase of 5.2% year on year (same below). Among them, exports were 20.8 trillion yuan, up 6.7%; imports were 15.22 trillion yuan, an increase of 3.2%; and the trade surplus was 5.58 trillion yuan, an expansion of 17.6%. In terms of US dollars, in the first 10 months, the total value of China's imports and exports was 5.07 trillion US dollars, an increase of 3.7%. Among them, exports were 2.93 trillion US dollars, up 5.1%; imports were 2.14 trillion US dollars, an increase of 1.7%; and the trade surplus was 785.27 billion US dollars, an expansion of 15.8%. Major characteristics of China's imports and exports in the first 10 months of 2024: I. General trade, processing trade, and other imports and exports increased In the first 10 months, China's general trade imports and exports amounted to 23.09 trillion yuan, an increase of 3.9%, accounting for 64.1% of the total value of China's foreign trade. Among them, exports were 13.58 trillion yuan, up 7.8%; imports were 9.51 trillion yuan, a decrease of 1.2%. During the same period, processing trade imports and exports amounted to 6.53 trillion yuan, an increase of 4%, accounting for 18.1%. Among them, exports were 4.13 trillion yuan, up 1.6%; imports were 2.4 trillion yuan, up 8.3%. In addition, China imported and exported 5.09 trillion yuan in a bonded logistics manner, an increase of 14%. Among them, exports were 1.96 trillion yuan, up 11.5%; imports were 3.13 trillion yuan, up 15.7%. II. Imports and exports with ASEAN, the EU, the US, and South Korea increased In the first 10 months, ASEAN was China's largest trading partner, with a total trade value of 5.67 trillion yuan, an increase of 8.8%, accounting for 15.7% of China's foreign trade total value. Among them, exports to ASEAN were 3.36 trillion yuan, up 12.5%; imports from ASEAN were 2.31 trillion yuan, up 3.8%; and the trade surplus with ASEAN was 1.05 trillion yuan, an expansion of 38.2%. The EU was China's second largest trading partner, with a total trade value of 4.64 trillion yuan, an increase of 1.2%, accounting for 12.9%. Among them, exports to the EU were 3.04 trillion yuan, up 3.5%; imports from the EU were 1.6 trillion yuan, down 2.9%; and the trade surplus with the EU was 1.44 trillion yuan, an expansion of 11.6%. The US was China's third largest trading partner, with a total trade value of 4.01 trillion yuan, an increase of 4.4%, accounting for 11.1%. Among them, exports to the US were 3.04 trillion yuan, up 4.9%; imports from the US were 969.48 billion yuan, up 2.9%; and the trade surplus with the US was 2.07 trillion yuan, an expansion of 5.8%. South Korea was China's fourth largest trading partner, with a total trade value of 1.91 trillion yuan, an increase of 6.7%, accounting for 5.3%. Among them, exports to South Korea were 855.67 billion yuan, down 0.8%; imports from South Korea were 1.05 trillion yuan, up 13.8%; and the trade deficit with South Korea was 198.74 billion yuan, an expansion of 2.1 times. During the same period, China's total imports and exports with countries participating in the Belt and Road Initiative amounted to 16.94 trillion yuan, an increase of 6.2%. Among them, exports were 9.48 trillion yuan, up 8%; imports were 7.46 trillion yuan, up 3.9%. III. Import and export growth of private enterprises and foreign-funded enterprises In the first 10 months, the import and export volume of private enterprises reached 19.85 trillion yuan, an increase of 9.3%, accounting for 55.1% of China's total foreign trade value, an increase of 2.1 percentage points from the same period last year. Among them, exports were 13.37 trillion yuan, an increase of 9.3%, accounting for 64.3% of the total export value; imports were 6.48 trillion yuan, an increase of 9.3%, accounting for 42.6% of the total import value. During the same period, the import and export volume of foreign-invested enterprises was 10.61 trillion yuan, an increase of 1.3%, accounting for 29.5% of China's total foreign trade value. Among them, exports were 5.77 trillion yuan, an increase of 1.9%; imports were 4.84 trillion yuan, an increase of 0.5%. The import and export volume of state-owned enterprises was 5.48 trillion yuan, a decrease of 0.5%, accounting for 15.2% of China's total foreign trade value. Among them, exports were 1.63 trillion yuan, an increase of 4.2%; imports were 3.85 trillion yuan, a decrease of 2.3%. IV. Machinery and electronic products account for nearly 60% of exports, with double-digit growth in exports of automatic data processing equipment and components, integrated circuits, and automobiles In the first 10 months, China's exports of machinery and electronic products reached 12.36 trillion yuan, an increase of 8.5%, accounting for 59.4% of the total export value. Among them, exports of automatic data processing equipment and components were 1.2 trillion yuan, an increase of 10.9%; integrated circuits were 931.17 billion yuan, an increase of 21.4%; mobile phones were 753.97 billion yuan, a decrease of 0.9%; and automobiles were 698.54 billion yuan, an increase of 20%. During the same period, the exports of labor-intensive products reached 3.48 trillion yuan, an increase of 3.2%, accounting for 16.7%. Among them, exports of clothing and accessories were 932.75 billion yuan, an increase of 0.7%; textiles were 829.52 billion yuan, an increase of 5.8%; and plastic products were 615.58 billion yuan, an increase of 7.4%. Exports of agricultural products from Shenzhen reached 587.53 billion yuan, an increase of 4.4%. In addition, exports of steel reached 9.1893 million tons, an increase of 23.3%; finished oil reached 49.156 million tons, a decrease of 7.2%; and fertilizer reached 25.902 million tons, an increase of 0.6%. V. Imports of iron ore, coal, and natural gas increased In the first 10 months, China imported 1.023 billion tons of iron ore, an increase of 4.9%, with an average import price (same below)Each ton was 778.2 yuan, down by 1.6%; crude oil was 457 million tons, a decrease of 3.4%, with each ton at 4246.1 yuan, an increase of 2.2%; coal was 435 million tons, an increase of 13.5%, with each ton at 694.3 yuan, a decrease of 12.2%; natural gas was 110 million tons, an increase of 13.6%, with each ton at 3506.7 yuan, a decrease of 5.5%; soybeans were 89.936 million tons, an increase of 11.2%, with each ton at 3600.3 yuan, a decrease of 15.2%; finished oil was 40.921 million tons, an increase of 4.9%, with each ton at 4347.7 yuan, an increase of 5.7%. In addition, imported primary shaped plastics were 23.949 million tons, a decrease of 1.8%, with each ton at 10.8 thousand yuan, an increase of 0.1%; unrolled copper and copper materials were 4.6 million tons, an increase of 2.4%, with each ton at 67.5 thousand yuan, an increase of 10.7%.In the same period, the value of imported electromechanical products reached 5.75 trillion yuan, an increase of 8.6%. Among them, integrated circuits increased by 15% to 455.62 billion units, with a value of 2.24 trillion yuan, an increase of 13%. The number of imported cars was 577,000, a decrease of 9.3%, with a value of 233.44 billion yuan, a decrease of 13%. This article is compiled from the official website of the General Administration of Customs. Editor: Li Fo.