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General administration of customs press conference on import and export trade in the first half of the year

Published in:2018-09-19

Huang songping, spokesman of the general administration of customs, pointed out at a press conference held by the state administration of customs today that the total value of China's import and export of goods in the first half of this year was 14.12 trillion RMB, up 7.9 % from the same period last year ( the same below ). Among them, exports totaled 7.51 trillion yuan, up 4.9 %. Import 6.61 trillion yuan, up 11.5 %; The trade surplus was rmb903.32 billion, narrowing by 26.7 %.
Huang songping said that in the first half of the year, China's general trade import and export totaled 8.33 trillion yuan, up 12.2 %, accounting for 59 % of China's total import and export value, up 2.3 percentage points from the same period last year. The growth rate of import and export in the west and northeast is higher than that of the whole country. Private enterprises import and export 5.52 trillion yuan, up 11.2 %, accounting for 39.1 % of China's total import and export value, up 1.2 % over the same period last year.
China's import and export to eu, us and ASEAN increased 5.3 %, 5.2 % and 11 % respectively, accounting for 41 % of China's total import and export value. During the same period, China's import and export to 16 central and eastern European countries increased by 14.7 %, 6.8 percentage points higher than the overall national growth rate.
Among the imported and exported products, the export of mechanical and electrical products has maintained an increase, while the import of crude oil, natural gas, aquatic products and other commodities has increased.
In terms of the reason for boosting the growth of foreign trade import and export, Huang songping said that it was mainly driven by quantity. According to preliminary estimates, the contribution rate of quantity growth to import growth is 80.6 %, the contribution to export growth is 90.5 %, the contribution of price growth to import growth is 19.4 %, and the contribution to export growth is 9.5 %.
Huang songping pointed out that thanks to the favorable domestic and international economic fundamentals, China's foreign trade import and export achieved rapid growth in the first half of the year, and the quality and benefits of foreign trade development were further improved. However, the international environment is unstable and uncertainty is rising. in the future, the smooth operation of China's foreign trade import and export will face some challenges.