Customs statistics: China¡¯s total import and export value fell by 0.6% in October
Xinhua News Agency, Beijing, Nov. 8 (Reporter Chen Weiwei, Lin Hui) In October, China's import and export value of 2.05 trillion yuan, down 0.6% from the same period last year, the General Administration of Customs released data on the 8th. Among them, the export value was 1.19 trillion yuan, down 3.2%; Imports were 860.6 billion yuan, up 3.2 percent; And the trade surplus was 325.25 billion yuan, narrowing by 16.8 percent. In the first 10 months of this year, China's import and export value was 19.56 trillion yuan, down 1.9 percent from the same period last year, according to customs statistics. Among them, exports were 11.22 trillion yuan, down 2 percent; Imports were 8.34 trillion yuan, down 1.8 percent; And the trade surplus was 2.82.888 trillion yuan, down 2.6 percent.
The data showed that imports and exports to China's trading partners such as the European Union, ASEAN and Japan rose, while those to the United States fell. In the first 10 months, the EU was China's largest trading partner, with two-way trade worth 2.94 trillion yuan, up 2.3 percent year on year. In the same period, trade between China and the US was 2.75 trillion yuan, down 3.2 percent; The trade between China and ASEAN was 2.38 trillion yuan, up by 0.1 percent; And that of China and Japan was 1.46 trillion yuan, up by 3.2 percent.
At the same time, the import and export of private enterprises increased, and their proportion increased. In the first 10 months, the import and export of private enterprises reached 7.53 trillion yuan, an increase of 3.8 percent, accounting for 38.5 percent of China's total foreign trade value, 2.1 percentage points higher than that of the same period last year.
In the first 10 months, China's export of mechanical and electrical products was 6.42 trillion yuan, down 2.1 percent, accounting for 57.3 percent of the total export value. During the same period, the total export of labor-intensive products in seven categories: clothing, textiles, furniture, footwear, plastic products, luggage and toys was 2.37 trillion yuan, down 1.2 percent, accounting for 21.2 percent of the total export value. In addition, the import volume of commodities such as iron ore, crude oil and copper increased, and the prices of major imported commodities generally fell.