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According to customs statistics, in the first two months of 2024, the total import and export value of China's trade in goods (the same below) was 6.61 trillion yuan, up 8.7% year-on-year (the same below). Of this total, the export was 3.75 trillion yuan, up by 10.3%; Imports reached 2.86 trillion yuan, up 6.7%. Trade surplus reached 890.87 billion yuan, up 23.6 percent. In dollar terms, in the first two months, China's import and export value was 930.86 billion US dollars, an increase of 5.5%. Among them, the export was US $528.01 billion, up by 7.1%; Imports reached 402.85 billion U.S. dollars, up 3.5%; The trade surplus was US $125.16 billion, up 20.5%.
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General trade imports and exports increased, the proportion increased. In the first two months, China's general trade imports and exports were 4.34 trillion yuan, an increase of 10%, accounting for 65.7% of China's total foreign trade, an increase of 0.8 percentage points over the same period last year. Of this total, the export was 2.48 trillion yuan, up by 14.5%; Imports reached 1.86 trillion yuan, an increase of 4.6%. In the same period, the import and export of processing trade was 1.12 trillion yuan, down 3.5%, accounting for 16.9%. Among them, the export was 701.81 billion yuan, down 8.4%; Imports reached 418.32 billion yuan, up 5.8%. In addition, China imported and exported 886.94 billion yuan by bonded logistics, an increase of 16.9%. Of this total, the export was 346.42 billion yuan, up by 18.4%; Imports reached 540.52 billion yuan, up 15.9%.
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Growth in imports and exports to ASEAN, the United States and South Korea. In the first two months of this year, ASEAN was my largest trading partner. The total value of our trade with ASEAN was 993.24 billion yuan, an increase of 8.1%, accounting for 15% of our total foreign trade. Among them, the export to ASEAN was 587.9 billion yuan, up by 9.2%; Imports from ASEAN reached 405.34 billion yuan, up 6.6%; The trade surplus with ASEAN reached 182.56 billion yuan, up by 15.7%. The EU is my second largest trading partner, and the value of our trade with the EU was 832.39 billion yuan, down 1.3%, accounting for 12.6%. Among them, the export to the European Union was 555.88 billion yuan, up by 1.6%; Imports from the EU reached 276.51 billion yuan, down 6.8%; Its trade surplus with the EU reached 279.37 billion yuan, an increase of 11.5%. The United States is my third largest trading partner, and the total value of China's trade with the United States was 707.7 billion yuan, an increase of 3.7%, accounting for 10.7%. Among them, the export to the United States was 521.99 billion yuan, up by 8.1%; Imports from the United States were 185.71 billion yuan, down 7%; Its trade surplus with the US was 336.28 billion yuan, up 18.8%. Korea is my fourth largest trading partner, with a total trade value of 336.92 billion yuan, up 2.9%, accounting for 5.1%. Among them, the export to South Korea was 150.45 billion yuan, down 6.8%; Imports from the ROK reached 186.47 billion yuan, up 12.3 percent; The trade deficit with the ROK reached 36.02 billion yuan, an increase of 703.2 percent. In the same period, China's total imports and exports to countries jointly building the Belt and Road Initiative totaled 3.13 trillion yuan, an increase of 9%. Of this total, exports were 1.75 trillion yuan, up by 13.5%; Imports reached 1.38 trillion yuan, up 3.9%.
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Post time: Jun-27-2024