China’s Export-Import Value Up 8.7% in January 2019


According to China Customs statistics, in January this year, China's export-import goods totaled 2.73 trillion yuan in value, an increase of 8.7% year-on-year (YOY). Therein, export value was 1.5 trillion yuan, up 13.9%; import value 1.23 trillion yuan, up 2.9%; trade surplus was 271.16 billion yuan, an increase of 1.2 times.
In terms of US dollar, in January, the export-import value was 395.98 billion US dollars, an increase of 4%. Therein, export value 217.57 billion dollars, up 9.1%; import value 178.41 billion dollars, down 1.5%; trade surplus 39.16 billion dollars, up 1.1 times.
Seeing from trade modes:
In January, ordinary trade export-import was 1.66 trillion yuan, an increase of 13%, accounting for 60.9% of total foreign trade. Therein, export value 896.3 billion yuan, up 20.9%; import value 766 billion yuan, up 5%; trade surplus 130.3 billion yuan, up 10 times.
In the same period, the import and export of processing trade was 680.7 billion yuan, down 0.9%, accounting for 24.9%. Therein, export value 435.86 billion yuan, up 3%; import value 244.84 billion yuan, down 7%; trade surplus 191.02 billion yuan, up 19.5%.
In addition, the import and export by bonded logistics reached 279.73 billion yuan, an increase of 9.3%, accounting for 10.2% of total foreign trade. Therein, export value 90.69 billion yuan, up 13.9%; import value 189.04 billion yuan, up 7.2%.
Seeing from trade country/region:
In January, the total trade between China and the EU was 444.84 billion yuan, an increase of 17.6%, accounting for 16.3%. Therein, Chinas export value 266.5 billion yuan, up 20.5%; import from the EU reached 178.34 billion yuan, up 13.5%; trade surplus with EU was 88.16 billion yuan, up 37.7%.
The total trade between China and ASEAN was 356.6 billion yuan, an increase of 7.8%, accounting for 13.1%. Therein, export to ASEAN reached 203.46 billion yuan , up 17.6%; import from ASEAN was 153.14 billion yuan, down 3%; trade surplus with ASEAN was 50.32 billion yuan, up 2.3 times.
The total trade between China and United States was 315.82 billion yuan, down 10.1%, accounting for 11.6%. Therein, export to USA reached 252.11 billion yuan, up 1.9%; import from USA was 63.71 billion yuan, down 38.6%; trade surplus with USA was 188.4 billion yuan, up 31.2%.
The total trade between China and Japan was 185.34 billion yuan, an increase of 6.5%, accounting for 6.8%. Therein, export to Japan reached 90.64 billion yuan, up 10.3%; import from Japan was 94.7 billion yuan, up 3%; trade deficit with Japan was 4.06 billion yuan, down 58.4%.
In the same period, Chinas trade totaled 770.8 billion yuan with the countries along the “Belt and Road”, , an increase of 11.5%, accounting for 28.2%.
Seeing from enterprise types:
In January, the import and export by private enterprises reached 1.15 trillion yuan, an increase of 17%, accounting for 42.3%; the import and export by foreign-invested enterprises reached 1.09 trillion yuan, an increase of 2.2%, accounting for 40.1%; that of State-owned enterprises reached 469.82 billion yuan, up 6%, accounting for 17.2%.
Exports of mechanical-electrical products and labor-intensive products increased. In January, China's exports of mechanical-electrical products reached 857.51 billion yuan, an increase of 11.5%, accounting for 57.1% of the total export. In the same period, clothing export reached 94.15 billion yuan, up 9.7%; textiles valued 78.73 billion yuan, up 19.7%; furniture valued 38.18 billion yuan, up 18.9%; footwear valued 35.62 billion yuan, up 14.2%; plastics valued 29.93 billion yuan, up 29.4%; luggage valued 18.02 billion yuan, up 21.4%; toys valued 15.81 billion yuan, up 37.9%; the total export of the labor-intensive products was 310.44 billion yuan, up 17.4%, accounting for 20.7%. In addition, steel export reached 6.19 million tons, an increase of 33.3%; automobiles exported 90,000 cars, an increase of 16.3%.
Imports of crude oil, natural gas increased, iron ore and soybean imports dropped. In January, China imported 91.26 million tons of iron ore, down 9.1%; average import price at 511.3 yuan per ton, up 7.4%; crude oil imported 42.6 million tons, an increase of 5.1%; the average import price at 3021.1 yuan per ton, down 3.1%. Coal imported 33.5 million tons, an increase of 19.5%, the average import price at 576.4 yuan per ton, up 3.6%; soybean imported 7.38 million tons, a decrease of 13%, average import price at 3101.5 yuan per ton, up 12.1%; natural gas imported 9.81 million tons, an increase of 26.8%, average import price at 3416.2 yuan per ton, up 30.8%; refined oil imported 3.38 million tons, an increase of 17.5%, average import price at 3681.7 yuan per ton, up 4.1%; the primary-form plastics imported 3.15 million tons, an increase of 7.4%, average import price at 10400 yuan per ton, down 7.3%; steels imported 1.18 million tons, down 1%, average import price at 8178.3 yuan per ton, down 0.6%; copper imported 480,000 tons, up 8.2%, average import price at 44,900 yuan per ton, down 8.5%. In addition, the import of mechanical-electrical products was 519.63 billion yuan, down 1.6%; 32.42 billion integrated circuits were imported, down 9.7%, worth 160.02 billion yuan, down 3.5%; 80,000 cars were imported, down 12.3%, worth 27.82 billion yuan, down 1%.
Source: ETCN
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