China's foreign trade imports and exports up 6% year-on-year in August
Time:
2025-02-24
According to the People's Daily News, according to the General Administration of Customs statistics, in the first eight months of this year, China's trade in goods import and export value of 20.05 trillion yuan, a decline of 0.6% compared with the same period last year, the rate of decline than the first seven months narrowed by 1.1 percentage points. Among them, exports were 11.05 trillion yuan, up 0.8% year-on-year; imports were 9 trillion yuan, down 2.3% year-on-year; the trade surplus was 2.05 trillion yuan, up 17.2% year-on-year.
In August, China's foreign trade import and export 2.88 trillion yuan, up 6% year-on-year. Among them, exports were 1.65 trillion yuan, up 11.6% year-on-year; imports were 1.23 trillion yuan, down 0.5% year-on-year; the trade surplus was 416.59 billion yuan, up 74.4% year-on-year.
The General Administration of Customs said that in the first eight months, China's foreign trade showed several major features. First, the general trade import and export growth, the proportion of enhancement. In the first eight months, China's general trade import and export 12.09 trillion yuan, an increase of 0.5% year-on-year, accounting for 60.3% of China's total foreign trade, an increase of 0.7 percentage points. Among them, exports were 6.59 trillion yuan, up 2.5% year-on-year; imports were 5.5 trillion yuan, down 1.7% year-on-year.
Secondly, the import and export to ASEAN, the EU and Japan grew, and the import and export to the United States fell slightly. In the first eight months, ASEAN is China's largest trading partner, China's trade with ASEAN total value of 2.93 trillion yuan, an increase of 7% year-on-year, accounting for 14.6% of China's total foreign trade value. The total value of trade with the EU was 2.81 trillion yuan, up 1.4% year-on-year, accounting for 14% of China's total foreign trade. The total value of trade with the U.S. was 2.42 trillion yuan, down 0.4% year-on-year, accounting for 12.1% of China's total foreign trade.
Third, the private sector import and export growth, the proportion of enhancement. In the first eight months, private enterprises import and export 9.21 trillion yuan, an increase of 8.5% year-on-year, accounting for 45.9% of China's total foreign trade value, 3.9 percentage points higher than the same period last year. Among them, the export of 6.07 trillion yuan, up 8.3% year-on-year, accounting for 54.9% of the total value of exports; imports of 3.14 trillion yuan, up 8.9% year-on-year, accounting for 34.9% of the total value of imports.
At the same time, China's exports of electromechanical products, textiles and plastic products grew, clothing exports fell, while imports of iron ore, crude oil, coal, natural gas and soybeans and other commodities increased in volume and fell in price.
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