China's total import and export value in the first eight months was 27.08 trillion yuan

(Data map)

On September 7, the General Administration of Customs released data showing that China's imports and exports in the first eight months of this year were basically flat on a year-on-year basis, and in August, imports and exports grew 3.9% month on month.

Specifically, in the first eight months of this year, China's total import and export value was 27.08 trillion yuan, down slightly by 0.1% year on year (the same below). Among them, the export was 15.47 trillion yuan, up 0.8%; Imports reached 11.61 trillion yuan, down 1.3%; The trade surplus was 3.86 trillion yuan, an increase of 7.3%.

From the perspective of trade mode, the import and export of general trade increased and its proportion increased. In the first eight months, China's general trade import and export amounted to 17.72 trillion yuan, up 1.7%, accounting for 65.4% of China's total foreign trade, 1.2 percentage points higher than the same period last year. Import and export through bonded logistics totaled 3.5 trillion yuan, up 6.7%.

From the perspective of export products, the export proportion of mechanical and electrical products is nearly 60%, of which the export growth of automobiles is strong. In the first eight months, China exported 8.97 trillion yuan of electromechanical products, up 3.6%, accounting for 58% of the total export value. Among them, driven by the export of new energy vehicles, the automobile export was 442.7 billion yuan, up 104.4%, showing a bright performance.

Gong Yuanfeng, a senior investment consultant of Jufeng Investment Consulting, said in an interview with the reporter that China's independent brand of new energy vehicles has established a competitive advantage in the field of power batteries and intelligent driving to achieve "curve overtaking", and the car export data showed a bright performance, which also reflected the positive changes in the foreign trade structure.

From the perspective of the main body of foreign trade, the import and export of domestic funded enterprises kept growing. In the first eight months, the import and export of private enterprises reached 14.33 trillion yuan, up 6%, accounting for 52.9% of China's total foreign trade, up 3 percentage points over the same period last year. The import and export of state-owned enterprises reached 4.4 trillion yuan, up 0.3%, accounting for 16.2% of China's total foreign trade value.

Feng Lin, a senior analyst of Orient Jincheng, said in an interview with the reporter that in the first half of the year, many places organized foreign trade enterprises to "go out" and "invite in" overseas customers, which significantly increased the development of overseas markets. With the support of various stable foreign trade policies, the export repair was fast, cross-border e-commerce and other new foreign trade businesses grew well, and foreign trade was "new three kinds" The strong growth will help ease the drag of insufficient overseas orders on China's exports.

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