Xinhua All Media + 丨 China's import and export of goods trade exceeded 30 trillion yuan in the first 10 months

Beijing, November 7 (Xinhua) -- The General Administration of Customs released data on the 7th that in the first 10 months of this year, the total import and export value of China's trade in goods was 31.67 trillion yuan, an increase of 22.2% year-on-year and 23.4% over the same period in 2019.

From the perspective of the month of October, the total value of China's imports and exports was 3.34 trillion yuan, an increase of 17.8% year-on-year, a decrease of 5.6% month-on-month, and an increase of 23% over the same period in 2019.

The data shows that the import and export of private enterprises has the fastest growth rate and the proportion has increased. In the first 10 months, the import and export of private enterprises was 15.31 trillion yuan, an increase of 28.1%, accounting for 48.3% of China's total foreign trade, an increase of 2.2 percentage points over the same period last year.

From the perspective of trading partners, In the same period, China's imports and exports to the top four trading partners ASEAN, the European Union, the United States and Japan were 4.55 trillion yuan, 4.34 trillion yuan, 3.95 trillion yuan and 1.98 trillion yuan respectively, an increase of 20.4%, 20.4%, 23.4% and 10.8% respectively. In the same period, China's total imports and exports to countries along the "Belt and Road" totaled 9.3 trillion yuan, an increase of 23%.

What commodities are exported more? Data show that in the first 10 months, China exported 10.3 trillion yuan of mechanical and electrical products, an increase of 22.4%, accounting for 58.9% of the total export value. Among them, the export of automobiles (including chassis) was 179.87 billion yuan, an increase of 111.1%.

In terms of imports, the import volume of iron ore, crude oil, soybeans and other commodities has been reduced, and the import volume and price of coal and natural gas have risen together. In the same period, imported iron ore, crude oil and soybeans decreased by 4.2%, 7.2% and 5% respectively, and the average import price rose by 61%, 35.6% and 30.2% respectively; imported coal and natural gas increased by 1.9% and 22.3% respectively, and the average import price rose by 27.1% and 11.2% respectively.