China's foreign trade import and export increased by 10.1% year-on-year in the first 8 months.

Xinhua News Agency, Beijing, September 7 (Reporter Zou Duowei) The General Administration of Customs released data on the 7th, showing that in the first eight months of this year, China's total import and export value of goods reached 27.3 trillion yuan, a year-on-year increase of 10.1%.

　　Specifically, in the first eight months, China's exports reached 15.48 trillion yuan, an increase of 14.2%; imports reached 11.82 trillion yuan, an increase of 5.2%; and the trade surplus reached 3.66 trillion yuan, an increase of 58.2%.

　　In August alone, China's total import and export value was 3.71 trillion yuan, an increase of 8.6%. Among them, exports were 2.12 trillion yuan, an increase of 11.8%; imports were 1.59 trillion yuan, an increase of 4.6%; and the trade surplus was 535.91 billion yuan, an increase of 40.4%.

　　Li Kuaiwen, director of the Statistics and Analysis Department of the General Administration of Customs, said that since the beginning of this year, facing a complex and severe external trade environment, China has effectively coordinated epidemic prevention and control with economic and social development, continuously introduced a series of policies to stabilize foreign trade, and promoted stable growth in foreign trade.

　　From the perspective of trading partners, ASEAN continues to be China's largest trading partner. In the first eight months, China's total trade with ASEAN reached 4.09 trillion yuan, an increase of 14%, accounting for 15% of China's total foreign trade; China's total trade with the EU reached 3.75 trillion yuan, an increase of 9.5%, accounting for 13.7%; China-US trade totaled 3.35 trillion yuan, an increase of 10.1%, accounting for 12.3%; and China-South Korea trade totaled 1.6 trillion yuan, an increase of 7.8%, accounting for 5.9%.

　　It is worth mentioning that during the same period, China's total import and export with countries along the Belt and Road Initiative increased by 20.2% year-on-year, and its import and export with the other 14 member countries of the Regional Comprehensive Economic Partnership (RCEP) increased by 7.5% year-on-year.

　　From the perspective of foreign trade entities, private enterprises continue to play a major role in foreign trade. In the first eight months, private enterprises' import and export totaled 13.68 trillion yuan, an increase of 14.9%, accounting for 50.1% of China's total foreign trade, an increase of 2.1 percentage points from the same period last year.

　　Data also shows that exports of both electromechanical products and labor-intensive products increased. In the first eight months, China's exports of electromechanical products reached 8.75 trillion yuan, an increase of 9.8%, accounting for 56.5% of total exports; exports of labor-intensive products reached 2.81 trillion yuan, an increase of 14.1%, accounting for 18.1%.

　　In terms of imports, in the first eight months, China's imports of iron ore saw a decline in both volume and price, while imports of crude oil, coal, natural gas, and soybeans saw a decrease in volume but an increase in price.

From Xinhua Net