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China’s foreign trade up 11.3% in first 10 months

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By Du Haitao from People’s Daily

China’s foreign trade for the first 10 months of the year totaled 25.05 trillion yuan ($3.61 trillion), up 11.3 percent from the same period last year, according to data released by the General Administration of Customs.

Of the total amount, exports grew 7.9 percent from the same period of last year to hit 13.35 trillion yuan, while imports rose 15.5 percent to 11.7 trillion yuan, making the trade surplus narrow 26.1 percent to 1.65 trillion yuan.

The total trade in October soared 22.9 percent from a year ago to 2.75 trillion yuan, of which the imports surged 26.3 percent year on year to 1.26 trillion yuan, while exports rose 20.1 percent to 1.49 trillion yuan.

The trade surplus narrowed 5 percent year on year to stand at 233.63 billion yuan last month.

The private companies took a bigger share in the structure, as their total trade in the first 10 months increased 14.6 percent year on year to 9.88 trillion yuan. The figure made up 39.4 percent of the accumulative number of the country, 1.1 percentage points higher than the share in the same period of last year.

The rapidly growing general trade also expanded its ground, as it was up 14.1 percent to reach 14.51 trillion yuan in the first 10 months. The number accounted for 57.9 percent of China’s total trade, 1.4 percentage points higher than the figure in the same period of last year.

In the same period, trade with the EU, the US, the Association of Southeast Asian Nations (ASEAN), Japan and other major markets witnessed a rise and trade with countries along the Belt and Road saw a growth higher than the overall rate.

China exported more machinery products, and slightly more labor-intensive products, while imported more crude oil and natural gas, and fewer soybeans. The bulk commodity witnessed a mixture of ups and downs in terms of the import prices in the 10 months.

前10月我国外贸进出口增长11.3%
人民日报记者杜海涛

据海关统计,今年前10个月,我国货物贸易进出口总值25.05万亿元,比去年同期增长11.3%。其中,出口13.35万亿元,增长7.9%;进口11.7万亿元,增长15.5%;贸易顺差1.65万亿元,收窄26.1%。

10月份,我国进出口总值2.75万亿元,增长22.9%。其中,出口1.49万亿元,增长20.1%;进口1.26万亿元,增长26.3%;贸易顺差2336.3亿元,收窄5%。

民营企业所占比重提升。前10月,民营企业进出口9.88万亿元,增长14.6%,占我外贸总值的39.4%,比去年同期提升1.1个百分点。

一般贸易快速增长且比重提升。前10月,一般贸易进出口14.51万亿元,增长14.1%,占我外贸总值的57.9%,比去年同期提升1.4个百分点。

对欧盟、美国、东盟和日本等主要市场进出口均增长,对“一带一路”沿线国家进出口增速高于整体。机电产品出口增长,劳动密集型产品微增。原油、天然气等商品进口量增加,大豆进口量减少,大宗商品进口均价涨跌互现。

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