On August 9, 2021, Jiandao.com learned from the data released by the General Administration of Customs that China’s total import and export volume reached 21.34 trillion yuan from January to 7 of 2021, a year-on-year increase of 24.5% and a year-on-year increase of 22.3%. . Among them, exports were 11.66 trillion yuan, a year-on-year increase of 24.5% and 23% year-on-year; imports were 9.68 trillion yuan, a year-on-year increase of 24.4%, and a year-on-year increase of 21.4%; trade surplus was 1.98 trillion yuan, a year-on-year increase of 24.8 %.

Stable growth in imports and exports

In dollar terms, China’s total import and export value in the first seven months of 2021 was US$3.3 trillion, a year-on-year increase of 35.1% and a year-on-year increase of 28.4%. Among them, exports were US$1.8 trillion, a year-on-year increase of 35.2%, and a year-on-year increase of 29.2%; imports were US$1.5 trillion, a year-on-year increase of 34.9%, and a year-on-year increase of 27.5%; a trade surplus of US$306.12 billion, a year-on-year increase of 36.5% .

In July, China’s total import and export value was 3.27 trillion yuan, a year-on-year increase of 11.5%, a month-on-month decrease of 0.8%, and a year-on-year increase of 18.8%. Among them, exports were 1.82 trillion yuan, a year-on-year increase of 8.1%, a month-on-month increase of 0.1%, and an increase of 18.9% over the same period in 2019; imports were 1.45 trillion yuan, a year-on-year increase of 16.1%, a month-on-month decrease of 1.9%, and an increase of 18.7% over the same period in 2019; The trade surplus was 362.67 billion yuan, a year-on-year decrease of 15.3%.

In US dollar terms, China’s total import and export value in July was US$508.74 billion, a year-on-year increase of 23.1%, a month-on-month decrease of 0.5%, and a year-on-year increase of 27.3%. Among them, exports were US$282.66 billion, a year-on-year increase of 19.3%, a month-on-month increase of 0.4%, and an increase of 27.5% over the same period in 2019; imports were US$226.08 billion, a year-on-year increase of 28.1%, a month-on-month decrease of 1.6%, and an increase of 27.2% over the same period in 2019; trade surplus 56.58 billion US dollars, a year-on-year decrease of 6.3%.

From the data point of view, China's imports and exports in the first 7 months showed the following characteristics:

General trade imports and exports increased and the proportion increased. In the first seven months, China's general trade import and export was 13.21 trillion yuan, an increase of 27.6% year-on-year (the same below), accounting for 61.9% of China's total foreign trade value, an increase of 1.5 percentage points from the same period last year. Among them, exports were 7.13 trillion yuan, an increase of 27.7%; imports were 6.08 trillion yuan, an increase of 27.4%. In the same period, the import and export of processing trade was 4.58 trillion yuan, an increase of 13.7%, accounting for 21.5%, a decrease of 2 percentage points. Among them, exports were 2.86 trillion yuan, an increase of 12.3%; imports were 1.72 trillion yuan, an increase of 16.1%. In addition, China imported 2.63 trillion yuan in bonded logistics, an increase of 29%. Among them, exports were 937.08 billion yuan, an increase of 36.8%; imports were 1.7 trillion yuan, an increase of 25.2%.

Imports and exports to major trading partners such as ASEAN, the European Union and the United States all increased. In the first seven months, ASEAN was China's largest trading partner. The total trade value between China and ASEAN was 3.12 trillion yuan, an increase of 24.6%, accounting for 14.6% of China's total foreign trade value. Among them, exports to ASEAN were 1.72 trillion yuan, an increase of 23.6%; imports from ASEAN were 1.4 trillion yuan, an increase of 25.9%; the trade surplus with ASEAN was 323.3 billion yuan, an increase of 14.6%. The EU is China's second largest trading partner, with a total trade value of 2.96 trillion yuan with the EU, an increase of 23.4%, accounting for 13.9%. Among them, exports to the EU were 1.79 trillion yuan, an increase of 22.2%; imports from the EU were 1.17 trillion yuan, an increase of 25.3%; the trade surplus with the EU was 616.74 billion yuan, an increase of 16.7%. The United States is China's third largest trading partner. The total value of Sino-US trade is 2.62 trillion yuan, an increase of 28.9%, accounting for 12.3%. Among them, exports to the United States were 1.96 trillion yuan, an increase of 25.9%; imports from the United States were 661.61 billion yuan, an increase of 38.8%; the trade surplus with the United States was 1.3 trillion yuan, an increase of 20.2%. Japan is China's fourth largest trading partner. The total value of China-Japan trade is 1.37 trillion yuan, an increase of 12.6%, accounting for 6.4%. Among them, exports to Japan were 604.98 billion yuan, an increase of 8.7%; imports from Japan were 768.89 billion yuan, an increase of 16%; the trade deficit with Japan was 163.91 billion yuan, an increase of 54.2%. During the same period, China's total imports and exports to countries along the Belt and Road were 6.3 trillion yuan, an increase of 25.5%. Among them, exports were 3.57 trillion yuan, an increase of 25.3%; imports were 2.73 trillion yuan, an increase of 25.7%.

The import and export growth rate of private enterprises is the fastest, and the proportion is increasing. In the first seven months, the import and export of private enterprises was 10.23 trillion yuan, an increase of 31%, accounting for 47.9% of China's total foreign trade value, an increase of 2.4 percentage points over the same period in 2020. Among them, exports were 6.63 trillion yuan, an increase of 30.1%, and accounted for 56.8% of the total export value; imports were 3.6 trillion yuan, an increase of 32.8%, and accounted for 37.2% of the total import value. In the same period, the import and export of foreign-invested enterprises was 7.76 trillion yuan, an increase of 16.7%, accounting for 36.4% of China's total foreign trade value. Among them, exports were 4.04 trillion yuan, an increase of 17.9%; imports were 3.72 trillion yuan, an increase of 15.4%. In addition, the import and export of state-owned enterprises was 3.27 trillion yuan, an increase of 24.4%. Among them, exports were 960.22 billion yuan, an increase of 16.7%; imports were 2.31 trillion yuan, an increase of 27.9%.

Exports of mechanical and electrical products and labor-intensive products both increased. In the first seven months, China exported 6.88 trillion yuan of mechanical and electrical products, an increase of 25.5%, accounting for 59% of the total export value. Among them, automatic data processing equipment and its parts were 879.28 billion yuan, an increase of 14.2%; mobile phones were 485.21 billion yuan, an increase of 15.6%; automobiles (including chassis) were 114.08 billion yuan, an increase of 102.5%. In the same period, the export of labor-intensive products was 2.09 trillion yuan, an increase of 11.8%, accounting for 17.9%. Among them, clothing and clothing accessories were 570.32 billion yuan, an increase of 22.2%; textiles, including masks, were 519.89 billion yuan, a decrease of 17.9%; and plastic products were 346.04 billion yuan, an increase of 27.1%. In addition, exports of steel products amounted to 43.051 million tons, an increase of 30.9%; refined oil products amounted to 41.079 million tons, an increase of 11.2%.

The import volume of iron ore, crude oil, coal and other commodities decreased and the price rose, the import volume of natural gas increased and the price fell, and the import volume and price of soybeans rose. In the first seven months, China imported 649 million tons of iron ore, a decrease of 1.5%, and the average import price was 1116.1 yuan per ton, an increase of 69.5%; crude oil was 302 million tons, a decrease of 5.6%, and the average import price was 2963.7 yuan per ton, an increase of 26.8%. ; 170 million tons of coal, a decrease of 15%, an average import price of 534.4 yuan per ton, an increase of 7.7%; a 68.956 million tons of natural gas, an increase of 24%, an average import price of 2318.8 yuan per ton, a decrease of 8.8%; 57,627 million tons of soybeans, an increase of 4.5 %, the average import price was 3422.6 yuan per ton, an increase of 25.4%; the primary form of plastic was 19.947 million tons, a decrease of 12.2%, the average import price was 11,200 yuan per ton, an increase of 28.2%; refined oil was 15.036 million tons, a decrease of 19.7%, imports The average price was 3814.5 yuan per ton, an increase of 31.3%; steel was 8.397 million tons, a decrease of 15.6%, and the average import price was 7929.4 yuan per ton, an increase of 29.7%; unwrought copper and copper materials were 3.219 million tons, a decrease of 10.6%, and the average import price 59,400 yuan per ton, an increase of 39.2%. In the same period, imports of mechanical and electrical products amounted to 4.13 trillion yuan, an increase of 18.8%. Among them, integrated circuits were 368.29 billion, an increase of 27.4%, and their value was 1.51 trillion yuan, an increase of 17.1%; automobiles (including chassis) were 615,000, an increase of 43.2%, and their value was 215.94 billion yuan, an increase of 51.2%. Editor/Tian Zengpeng