China’s Import-Export Value Up 4.3% YOY in Jan-Apr 2019


According to China Customs statistics, in the first four months of this year, the total value of China's import and export of goods was 9.51 trillion yuan, an increase of 4.3% year-over-year (YOY). Therein, export was 5.06 trillion yuan, up 5.7%; import was 4.45 trillion yuan, up 2.9%; trade surplus was 618.17 billion yuan, up 31.8%.

In April, China’s total import-export value was 2.51 trillion yuan, an increase of 6.5% YOY. Therein, export was 1.3 trillion yuan, up 3.1%; import was 1.21 trillion yuan, up 10.3%; trade surplus was 93.57 billion yuan, down 43.8%.

In dollar terms, the import-export value in the first four months totaled 1.4 trillion US dollars, down 1.1% YOY. Therein, export was 744.61 billion dollars, up 0.2%; import was 655.21 billion dollars, down 2.5%; trade surplus was 89.4 billion dollars, up 26%.

In April, the total import-export value was 373.14 billion dollars, an increase of 0.4% YOY. Therein, export was 193.49 billion dollars, down 2.7%; import was 179.65 billion dollars, up 4%; trade surplus was 13.84 billion dollars, down 47.2%.

In January-April, the EU was China's largest trading partner, Sino-EU trade value reaching 1.5 trillion yuan, up 11.8% YOY, accounting for 15.7% of China's total foreign trade. Therein, export to EU was 894.76 billion yuan, up 14.2%; import from EU was 600.85 billion yuan, up 8.3%; trade surplus was 293.91 billion yuan, up 28.5%. ASEAN is China's second largest trading partner, with a total trade value of 1.28 trillion yuan, up 9% YOY, accounting for 13.4% of China's total foreign trade. Therein, export to ASEAN was 714.35 billion yuan, up 13.4%; import from ASEAN was 562.13 billion yuan, up 3.8%; trade surplus was 152.22 billion yuan, up 72.2%.

In the first four months, the United States was China's third largest trading partner. The total value of Sino-US trade was 1.1 trillion yuan, down 11.2% YOY, accounting for 11.5% of China's total foreign trade. Therein, export to US was 833.04 billion yuan, down 4.8%; import from US was 262.85 billion yuan, down 26.8%; trade surplus was 570.19 billion yuan, up 10.5%. Japan is China's fourth largest trading partner. The total trade value between China and Japan was 678.49 billion yuan, up 2.1% YOY, accounting for 7.1%. Therein, export to Japan was 309.32 billion yuan, up 3%; import from Japan was 369.17 billion yuan, up 1.3%; trade deficit with Japan was 59.85 billion yuan, down 6.7%.

In the same period, China's import and export along the “Belt and Road” countries totaled 2.73 trillion yuan, an increase of 9.1% YOY, which was 4.8 percentage points higher than the national overall growth, accounting for 28.7% of China's total foreign trade, and the proportion increased by 1.3 percentage points.

In the first four months, China's exports of mechanical and electrical products reached 2.97 trillion yuan, an increase of 4.5% YOY, accounting for 58.6% of the total export. Therein, the export of electrical and electronic products was worth 1.33 trillion yuan, up 4.9%; the mechanical equipment was worth 890.56 billion yuan, up 3.9%. In the same period, clothing export was 266.27 billion yuan, down 2.5%; textiles export 249.55 billion yuan, up 6.3%; furniture export 115.13 billion yuan, up 9.3%; footwear worth 94.65 billion yuan, up 3.6%; plastics worth 94.89 billion yuan, up 17.6%; luggage worth 53.1 billion yuan, up 6.6%; toys worth 50.95 billion yuan, up 30.9%; the above 7 categories of labor-intensive exports totaled 924.54 billion yuan, up 5.8%, accounting for 18.3% of the total export value. In addition, steel export was 23.35 million tons, an increase of 8.3%; automobile export reached 340,000 cars, an increase of 1.1%.

In the first 4 months, China imported 340 million tons of iron ore, a decrease of 3.7%; average import price at 555.4 yuan per ton, up 18.8%; imported crude oil 165 million tons, up 8.9%, average import price at 3145.5 yuan per ton, up 0.9%; imported coal 99.93 million tons, up 1.7%, average import price at 535.7 yuan per ton, down 2.7%; imported soybean 24.39 million tons, down 7.9%, average import price at 2877.7 yuan per ton, up 5.6%; imported natural gas 31.89 million tons, up 16.4%, average import price at 3183.6 yuan per ton, up 26.5%; refined oil worth 12.22 million tons, up 8.8%, average import price at 3684.3 yuan per ton, up 2.5%; imported primary plastics worth 11.8 million tons, up 15.4%, average import price at 10,100 yuan per ton, down 10.1%; imported steels 3.9 million tons, down 13.4%, average import price at 8279.3 yuan per ton, up 3.1%; unwrought copper and refined copper totaling 1.59 million tons, a drop of 5.3%, average import price at 45,200 yuan per ton, down 5.1%.

In addition, the import of electrical-mechanical products reached 1.88 trillion yuan, down 1.9% YOY, including 122.44 billion integrated circuits, down 6.6%; and 340,000 automobiles, down 8.1%.

Source: ETCN