China's imports and exports fell 3 percent year-on-year to 13.21 trillion yuan in the January-July period, spokesman Shen Danyang said at a regular press conference held by the Ministry of Commerce today. Among them, exports fell 1.6 percent to 7.6 trillion yuan; Imports were 5.61 trillion yuan, down 4.8 percent; And the surplus was 1.99 trillion yuan, an increase of 8.7 percent. (In dollar terms, China's imports and exports were 2,027.8 billion dollars in the January-July period, down 8.7 percent. Among them, exports were $1,167.6 billion, down 7.4 percent; Imports were 860.1 billion dollars, down 10.5 percent; And a surplus of $307.5 billion, up 2.6 percent.) Judging from the operation of foreign trade from January to July, China's foreign trade continued to maintain a steady and good trend.

The cumulative decline in foreign trade exports has narrowed for 5 consecutive months

Since March, the cumulative decline in China's foreign trade exports has narrowed for 5 consecutive months, and foreign trade exports are better than the United States, Japan, South Korea, Russia, India and other major economies in the world. China's foreign trade has remained stable and on the right track.

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> > Private enterprises are still the main force of exports

> > From January to July, exports of private enterprises increased by 3.6 percent, accounting for 46.8 percent of China's foreign trade exports, 2.6 percentage points higher than the same period last year. The proportion of private enterprises in export exceeded that of foreign-funded enterprises and state-owned enterprises, and they continued to remain the largest export entity in China. Exports of state-owned and foreign-funded enterprises fell by 6.8 percent and 5.6 percent, respectively.

Exports to some Belt and Road countries and regions were better than the overall level

From January to July, China's exports to the Philippines, Russia, Thailand, India and other Belt and Road countries increased by 26.1 percent, 14.5 percent, 9.4 percent and 7.3 percent, respectively. Exports to the European Union increased by 1.7%, and exports to Japan fell by 0.2%, faster than the overall export growth rate of 3.3 and 1.4 percentage points respectively.

< p> From January to July, general trade exports increased by 0.8 percent, accounting for 55.7 percent of China's total imports and exports, up 1.3 percentage points year-on-year. Processing trade fell 7.8 percent, down for 17 consecutive months, dragging down the overall export growth rate by 2.7 percentage points.

Exports of large complete sets and high value-added products maintained positive growth

From January to July, exports of mechanical and electrical products and high-tech products fell by 1.9 percent and 1.6 percent, respectively, but exports of large complete sets of equipment increased by 3 percent, and exports of high value-added products such as integrated circuits increased by 2.9 percent. The export of seven categories of labor-intensive products increased by 0.2 percent, among which toys, plastic products and textiles increased by 14.5 percent, 4.4 percent and 3.9 percent, respectively.

The eastern region's import and export outperformed China's

In the first seven months of January, the eastern region's import and export were 11.33 trillion yuan, down 2.4 percent. The import and export volume in the central region was 939.2 billion yuan, down 4.5 percent. The import and export of the western region was 942.7 billion yuan, down 7.8 percent.

< p> From January to July, the volume of 10 kinds of bulk commodities such as crude oil, iron ore and copper concentrate increased by 3.1% to 36.2%, and the price decreased by 9.6% to 33.9%. A total reduction of 57.76 billion US dollars (about 380 billion yuan) in foreign exchange payments is conducive to reducing costs and improving efficiency of enterprises.

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