According to customs statistics, in the first half of this year, my country’s total import and export value of goods trade was 11.13 trillion yuan, a decrease of 3.3% compared with the same period last year (the same below). Among them, exports were 6.4 trillion yuan, down 2.1%; imports were 4.73 trillion yuan, down 4.7%; the trade surplus was 1.67 trillion yuan, an increase of 5.9%.
In the month of June, my country’s total import and export value was 2.04 trillion yuan, a decrease of 0.3%. Among them, exports were 1.17 trillion yuan, an increase of 1.3%; imports were 863.3 billion yuan, a decrease of 2.3%; the trade surplus was 311.2 billion yuan, an increase of 12.8%.
In the first half of this year, the main characteristics of my country's foreign trade imports and exports:
1 In the second quarter, imports and exports rebounded, exports achieved positive growth, and the decline in imports narrowed.
In the first half of the year, although my country's imports, exports, and import values still declined year-on-year, they have stabilized from a quarterly perspective. Among them, in the first quarter, my country's import and export, export and import values fell by 6.9%, 5.7% and 8.4% respectively. In the second quarter, the value of imports and exports increased by 0.1% and 1.2% respectively, showing positive growth; the value of imports fell by 1.2%, a decrease that was 7.2 percentage points narrower than that in the first quarter.
2 The proportion of general trade imports and exports has increased
In the first half of the year, my country's general trade imports and exports were 6.28 trillion yuan, a decrease of 1.2%, accounting for 56.4% of my country's total imports and exports in the same period, an increase of 1.2 percentage points over the same period last year, and the structure of trade methods has been optimized.
3 Export growth to some countries along the Belt and Road Initiative
In the first half of the year, my country’s exports to countries such as Pakistan, Russia, Bangladesh, India and Egypt increased by 22.5%, 16.6%, 9%, 7.8% and 4.7% respectively. During the same period, my country's exports to the EU increased by 1.3%, exports to the United States decreased by 4.6%, and exports to ASEAN decreased by 2.9%. The three together accounted for 46.4% of my country's total export value during the same period.
4 Private enterprises continue to maintain the first place in export share
In the first half of the year, my country’s private enterprises’ import and export volume reached 4.31 trillion yuan, an increase of 5.1%, accounting for 38.7% of China’s total foreign trade value. Among them, exports increased by 3.6%, accounting for 46.6% of the total export value, exceeding the export proportion of foreign-invested enterprises and state-owned enterprises, and continued to maintain the top position in export share; imports increased by 8.7%, continuing the growth trend in the fourth quarter of last year.
5 Mechanical and electrical products and traditional labor-intensive products are still the main exports
In the first half of the year, my country’s exports of mechanical and electrical products were 3.66 trillion yuan, a decrease of 2.5%, accounting for 57.2% of my country’s total export value during the same period. Among them, the export of medical instruments and equipment increased by 4.8%, the export of storage batteries increased by 2.7%, and the export of solar cells increased by 7.4%. During the same period, the total export value of traditional labor-intensive products was 1.34 trillion yuan, an increase of 0.4%, accounting for 21% of the total export value. Among them, the export of textiles, clothing, toys and plastic products has increased, and some traditional products still have competitive advantages.
6 The import volume of bulk commodities such as iron ore, crude oil, and copper has maintained growth, and the prices of major imported commodities have remained low but the decline has narrowed compared with the first quarter
In the first half of the year, my country imported 494 million tons of iron ore, an increase of 9.1%; 187 million tons of crude oil, an increase of 14.2%; 108 million tons of coal, an increase of 8.2%; and 2.74 million tons of copper, an increase of 22%. During the same period, 15.47 million tons of refined oil products were imported, down 2%; 6.46 million tons of steel were imported, down 2.8%. During the same period, my country's import prices fell by 8% overall. Among them, the average import price of iron ore fell by 15.7% year-on-year, crude oil fell by 31.9%, refined oil fell by 21.4%, coal fell by 20.1%, copper fell by 15.7%, and steel fell by 9.2%. The declines were all narrower than in the first quarter.
In addition, my country's export prices fell by 3.2% overall in the first half of the year. Based on this calculation, my country's trade price conditions index in the first half of this year was 105.2, which means that my country's exports of a certain amount of goods can be exchanged for 5.2% more imported goods, indicating that my country's trade price conditions continue to improve.
7 China's foreign trade export leading index fell back
In June, China's foreign trade export leading index was 32.7, down 0.4 from the previous month, indicating that exports in the third quarter were once again facing greater downward pressure. Among them, according to online questionnaire data, my country's export managers' index, new export orders index and managers' confidence index all fell back in June.
ANNA