The total value of China's foreign trade imports and exports is 28.33 trillion yuan in the first three quarters. For more information on export to China, please call SINOLOBEN, service Email: sinoloben@sloben.com.
China's imports and exports totaled 28.33 trillion yuan in the first three quarters of this year, up 22.7 percent from a year earlier, according to the latest statistics released by the Chinese Customs on the 13th. Of this total, exports totaled 15.55 trillion yuan, up 22.7 percent, and imports totaled 12.78 trillion yuan, up 22.6 percent. Compared with the same period in 2019, China's foreign trade imports and exports, exports and imports increased by 23.4%, 24.5% and 22%, respectively.
In terms of export destination countries, China's imports and exports to ASEAN totaled 4.08 trillion yuan, an increase of 21.1%. ASEAN continues to maintain its position as China's largest trading partner, accounting for 14.4% of China's total foreign trade value. In the same period, imports and exports to the European Union, the United States, Japan and South Korea were 3.88 trillion, 3.52 trillion, 1.78 trillion and 1.7 trillion yuan respectively, up 20.5 per cent, 24.9 per cent, 11.2 per cent and 17.3 per cent respectively. In addition, China's imports and exports to countries along the Belt and Road Initiative route and to RCEP trading partners increased by 23.4% and 19.3%, respectively.
In terms of trade forms, the proportion of imports and exports in general trade has increased. In the first three quarters, China's general trade imports and exports totaled 17.51 trillion yuan, up 25.6 percent, accounting for 61.8 percent of China's total foreign trade value, an increase of 1.4 percent over the same period last year. Of this total, exports totaled 9.47 trillion yuan, up 25.5 percent, and imports totaled 8.04 trillion yuan, up 25.7 percent.
In terms of products, exports of mechanical and electrical products and labor-intensive products have increased. In the first three quarters, China's exports of mechanical and electrical products totaled 9.15 trillion yuan, an increase of 23 percent, 0.3 percentage points higher than the overall export growth rate, accounting for 58.8 percent of the total export value. Among them, automatic data processing equipment and its parts, mobile phones and cars increased by 12%, 14.4% and 107%, respectively. Over the same period, exports of labor-intensive products increased by 9.5%; medical materials and medicines increased by 108%.
For further information about imports & exports, please contact:
Ms. Linda Li
0086（0）21 3538 3306
sinoloben@thecustoms.com.cn
As food importer & food distributor based in Frankfurt and Shanghai, Sinoloben Europa Trading GmbH helps client export to China and bring your food products to International Expo, e.g. China International Import Expo (CIIE), the world's largest import-themed expo. Transferred from the network, such as intrusion and deletion.
