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The General Administration of Customs today announced the import and export of China's foreign trade in the first four months of this year. According to customs statistics, in the first four months of this year, China’s total value of imports and exports was US$116.718 billion, an increase of 6% over the same period of last year (the same below). Of which, exports of 593.24 billion US dollars, an increase of 6.9%; imports of 573.94 billion US dollars, an increase of 5.1%; cumulative trade surplus of 19.3 billion US dollars.
Customs statistics show that in the month of April, China’s total value of imports and exports was 308.08 billion U.S. dollars, an increase of 2.7%. Among them, exports were US$163.25 billion, up 4.9%; imports were US$14.48 billion, up 0.3%; the monthly trade surplus was US$18.42 billion. After adjusting for the seasonal adjustment method, the year-on-year growth rates of imports, exports, and imports in April were 6.1%, 7.2%, and 4.8%, respectively.
In the first four months of this year, China's general trade imports and exports totaled 617.06 billion U.S. dollars, an increase of 6.8%. Of this total, exports were 280.29 billion U.S. dollars, up 7.3%; imports were 336.77 billion U.S. dollars, up 6.5%. The trade deficit under general trade was US$56.48 billion, an increase of 2.7%. In the same period, China's import and export of processing trade totaled 412.99 billion U.S. dollars, an increase of 3.3%. Of which, exports were 2661.1 billion U.S. dollars, up 5.3%; imports were 146.88 billion U.S. dollars, down 0.3%. The trade surplus under processing trade reached 119.23 billion U.S. dollars, an increase of 13.1%.
In bilateral trade with major trading partners, China’s bilateral trade with the European Union and Japan is sluggish, and exports to Russia and Brazil are growing faster. According to statistics, in the first four months of this year, the bilateral trade value between China and the EU totaled 170.53 billion U.S. dollars, an increase of 0.3%. During the same period, bilateral trade with the United States totaled US$146.1 billion, an increase of 9.2%. The total value of bilateral trade with ASEAN was 117.65 billion U.S. dollars, an increase of 6.7%. The bilateral trade volume between China and Japan was US$107.18 billion, a decrease of 1.5%. During the same period, the bilateral trade value between China and Russia and Brazil was 28.69 billion U.S. dollars and 25.07 billion U.S. dollars, respectively, up by 27.7% and 14.4% respectively.
In the first four months of this year, the total value of foreign trade in Guangdong was 288.4 billion U.S. dollars, an increase of 3.3%. In the same period, the total import and export value of Jiangsu Province was US$164.86 billion, down 1%; the total import and export value of Shanghai and Beijing were 136.97 billion and 136.92 billion U.S. dollars, up by 2.1% and 10.9% respectively. In addition, the total import and export value of Zhejiang Province, Shandong Province, and Fujian Province were 94.83 billion, 75.11 billion and 45.27 billion US dollars, respectively, an increase of 3.1%, 1.4% and 12.3%.
From the export perspective, from January to April, Guangdong exported 168.61 billion US dollars, an increase of 5.5%. Jiangsu, Zhejiang, and Shanghai respectively exported 95.8 billion, 65.29 billion, and 63.57 billion U.S. dollars, up 1.7%, 4.2%, and 1.2% respectively. In the same period, Shandong, Fujian, and Beijing exported 38.62 billion, 27.3 billion, and 17.7 billion U.S. dollars, respectively, down 0.3%, 7.6%, and 2.9%. Exports in the central and western regions showed rapid growth, with Chongqing and Henan exporting at 1.9x and 1.2x, respectively. Exports from Guangxi, Sichuan, and Jiangxi grew at 29.3%, 62.8%, and 38.3%, respectively.
Among export commodities, in the first four months of this year, China’s exports of mechanical and electrical products were US$ 346.79 billion, an increase of 8.5%, 1.6 percentage points higher than the overall growth of China’s exports during the same period. Among them, exports of electrical appliances and electronic products were US$140.29 billion, up 5.5%; machinery and equipment were US$115.05 billion, up 11%. In the same period, in the export of some labor-intensive products such as textiles, garments and shoes, the export of garments was USD 39.97 billion, up 1%; the export of textiles was USD 28.85 billion, down 0.3%; the export of footwear was USD 12.4 billion, up 4.2%.
Among imported goods, in the first four months of this year, China’s import of iron ore was 240 million tons, an increase of 6.5%, the average import price was US$137.6 per ton, down 13.4%; the soybean was 18.15 million tons, an increase of 22.3%, and the average import price was US$532.9 per ton, down 7.6%. In addition, imports of mechanical and electrical products totaled 231.44 billion U.S. dollars, a decrease of 1.6%; among them, 392,000 were autos, an increase of 26.7%.
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