General Administration Of Customs: China'S Import And Export Increased By 28.2% In The First Five Months

In May, China's total import and export value was 3.14 trillion yuan, a year-on-year increase of 26.9%, a month on month decrease of 0.4%, and an increase of 20.8% over the same period in 2019.

According to customs statistics, in the first five months of this year, China's total import and export value was 14.76 trillion yuan, a year-on-year increase of 28.2% and a growth of 21.6% over the same period in 2019. Among them, exports reached 8.04 trillion yuan, a year-on-year increase of 30.1% and an increase of 23.6% over the same period in 2019; Imports were 6.72 trillion yuan, up 25.9% year-on-year and 19.2% over the same period in 2019; The trade surplus was 1.32 trillion yuan, up 56.2% year on year.

In the first five months of this year, China's total import and export value was US $2.27 trillion, a year-on-year increase of 38.1% and an increase of 26.8% over the same period in 2019. Among them, exports reached US $1.24 trillion, up 40.2% year-on-year and 29% higher than the same period in 2019; Imports were $1.03 trillion, up 35.6% year-on-year and 24.3% over the same period in 2019; The trade surplus was US $203.45 billion, up 70.2% year on year.

In May, China's total import and export value was 3.14 trillion yuan, a year-on-year increase of 26.9%, a month on month decrease of 0.4%, and an increase of 20.8% over the same period in 2019. Among them, exports reached 1.72 trillion yuan, up 18.1% year-on-year, 0.2% month on month, and 19.5% higher than the same period in 2019; Imports were 1.42 trillion yuan, up 39.5% year-on-year, down 1.1% month on month, up 22.3% over the same period in 2019; The trade surplus was 296 billion yuan, a year-on-year decrease of 32.1%.

In terms of US dollar, the total value of China's import and export in May was 482.31 billion US dollars, up 37.4% year-on-year, down 0.6% month on month, and 24.7% higher than the same period in 2019. Among them, exports amounted to 263.92 billion US dollars, with a year-on-year growth of 27.9%, which was basically flat on a month on month basis, with an increase of 23.4% over the same period in 2019; Imports were US $218.39 billion, up 51.1% year-on-year, down 1.2% month on month, and 26.4% higher than the same period in 2019; The trade surplus was US $45.53 billion, a year-on-year decrease of 26.5%.

The import and export of general trade increased and its proportion increased. In the first five months, China's general trade import and export reached 9.12 trillion yuan, an increase of 32% year-on-year (the same below), accounting for 61.8% of China's total foreign trade value, an increase of 1.8% over the same period last year. Among them, exports reached 4.9 trillion yuan, an increase of 34.5 percent; Imports were 4.22 trillion yuan, up 29.2%. Over the same period, the import and export of processing trade reached 3.23 trillion yuan, up 16.7%, accounting for 21.9%, down 2.2 percentage points. Among them, exports reached 2.02 trillion yuan, an increase of 16.4%; Imports were 1.21 trillion yuan, up 17.1%. In addition, China's imports and exports in the form of bonded logistics reached 1.79 trillion yuan, an increase of 29.9%. Among them, exports totaled 625.26 billion yuan, an increase of 37.6%; Imports were 1.16 trillion yuan, up 26.1%.

Imports and exports to ASEAN, the European Union, the United States and other major trading partners increased. In the first five months, ASEAN was China's largest trading partner. The total trade value between China and ASEAN was 2.19 trillion yuan, an increase of 29.2%, accounting for 14.8% of China's total foreign trade. Among them, exports to ASEAN reached 1.21 trillion yuan, an increase of 29.3%; Imports from ASEAN totaled 98.4 billion yuan, up 29%; The trade surplus with ASEAN was 224.93 billion yuan, an increase of 30.6%. The EU is China's second largest trading partner, with a total trade value of 2.06 trillion yuan, an increase of 28.7%, accounting for 14%. Among them, exports to the EU reached 1.23 trillion yuan, an increase of 27.9%; Imports from the EU totaled 827.44 billion yuan, up 30%; The trade surplus with the EU was 406.75 billion yuan, an increase of 23.8%. The United States is China's third largest trading partner, with a total trade value of 1.82 trillion yuan, an increase of 41.3%, accounting for 12.3%. Among them, exports to the United States reached 1.34 trillion yuan, an increase of 38.9 percent; Imports from the United States totaled 478.3 billion yuan, up 48.5 percent; The trade surplus with the United States was 860.51 billion yuan, an increase of 34.1%. Japan is China's fourth largest trading partner, with a total trade value of 969.79 billion yuan, an increase of 14.9%, accounting for 6.6%. Among them, exports to Japan amounted to 431.36 billion yuan, an increase of 8.9%; Imports from Japan totaled 538.43 billion yuan, up 20.1 percent; The trade deficit with Japan was 107.07 billion yuan, up 105.1%. Over the same period, China's imports and exports to countries along the belt and road totaled 4.36 trillion yuan, an increase of 27.4%. Among them, exports reached 2.46 trillion yuan, an increase of 29.6 percent; Imports were 1.9 trillion yuan, an increase of 24.7%.

The import and export of private enterprises increased and their proportion increased. In the first five months, private imports and exports reached 7.02 trillion yuan, an increase of 38.1%, accounting for 47.6% of China's total foreign trade value, an increase of 3.4 percentage points over the same period last year. Among them, exports reached 4.53 trillion yuan, an increase of 39.4%, accounting for 56.3% of the total export value; Imports reached 2.49 trillion yuan, an increase of 35.8%, accounting for 37.1% of the total import value. Over the same period, the import and export of foreign-invested enterprises reached 5.44 trillion yuan, an increase of 20%, accounting for 36.9% of China's total foreign trade value. Among them, exports reached 2.83 trillion yuan, an increase of 21.5 percent; Imports were 2.61 trillion yuan, up 18.4%. In addition, the import and export of state-owned enterprises reached 2.23 trillion yuan, an increase of 20.7%, accounting for 15.1% of China's total foreign trade value. Among them, exports totaled 651.91 billion yuan, an increase of 11.9 percent; Imports were 1.57 trillion yuan, up 24.8%.

The export of mechanical and electrical products and labor-intensive products increased. In the first five months, China's export of mechanical and electrical products reached 4.78 trillion yuan, an increase of 31.9%, accounting for 59.5% of the total export value. Among them, the automatic data processing equipment and its parts reached 612.2 billion yuan, an increase of 20.4 percent; Mobile phones reached 354.87 billion yuan, an increase of 28.8 percent; Automobiles (including chassis) reached 75.67 billion yuan, an increase of 95.8%. Over the same period, the export of labor-intensive products reached 1.42 trillion yuan, an increase of 22.4%, accounting for 17.6%. Among them, clothing and accessories reached 368.01 billion yuan, an increase of 37.6%; Textiles, including masks, totaled 364.48 billion yuan, down 10.3 percent; Plastic products reached 240.12 billion yuan, an increase of 38.5%. In addition, 30.924 million tons of steel products were exported, an increase of 23.7%; The refined oil was 30.015 million tons, an increase of 0.5%.

The import volume and price of iron ore sand, crude oil and soybean increased, while the import of natural gas increased and the price fell. In the first five months, China imported 472 million tons of iron ore, an increase of 6%. The average import price was 1032.8 yuan per ton, up 62.7%; Crude oil was 221 million tons, up 2.3%, and the average import price was 2809.2 yuan per ton, up 9.1%; The average import price of coal was 493.1 yuan per ton, down 2.3%; The average import price of natural gas was 2234.1 yuan per ton, down 15.5%; The average import price of soybean was 3290.7 yuan per ton, up 18.7%; The average import price of plastics in primary shape was RMB 11000 per ton, up 21.6%; The average import price was 3721.9 yuan per ton, up 22.1%; The average import price was 7731.8 yuan per ton, up 9.8%; The average import price was 57400 yuan per ton, up 35.1%. Over the same period, imports of mechanical and electrical products reached 2.87 trillion yuan, an increase of 21.8%. Among them, 260.35 billion integrated circuits increased by 30%, with a value of 1.04 trillion yuan, an increase of 18.2%; There were 429000 vehicles (including chassis), an increase of 54.2%, and a value of 149.7 billion yuan, an increase of 61.2%.