According to the General Administration of Customs of China, in the first four months of 2021, China’s total import and export value was 11.62 trillion yuan, a year-on-year increase of 28.5% and a year-on-year increase of 21.8%. Among them, exports were 6.32 trillion yuan, a year-on-year increase of 33.8%, and a year-on-year increase of 24.8%; imports were 5.3 trillion yuan, a year-on-year increase of 22.7%, and a year-on-year increase of 18.4%; a trade surplus was 1.02 trillion yuan, a year-on-year increase of 149.7 %. In dollar terms, China’s total import and export value in the first four months of 2021 was US$1.79 trillion, a year-on-year increase of 38.2% and a year-on-year increase of 27.4%. Among them, exports were US$973.7 billion, a year-on-year increase of 44%, and a year-on-year increase of 30.7%; imports were US$815.79 billion, a year-on-year increase of 31.9%, and a year-on-year increase of 23.7%; the trade surplus was US$157.91 billion, a year-on-year increase of 174%.
In April, China’s total import and export value was 3.15 trillion yuan, a year-on-year increase of 26.6%, a month-on-month increase of 4.2%, and a year-on-year increase of 25.2%. Among them, exports were 1.71 trillion yuan, a year-on-year increase of 22.2%, a month-on-month increase of 10.1%, and an increase of 31.6% over the same period in 2019; imports were 1.44 trillion yuan, a year-on-year increase of 32.2%, a month-on-month decrease of 2.2%, and an increase of 18.4% over the same period in 2019; The trade surplus was 276.5 billion yuan, a year-on-year decrease of 12.4%. In U.S. dollars, China’s total import and export value in April was 484.99 billion U.S. dollars, a year-on-year increase of 37%, a month-on-month increase of 3.5%, and a year-on-year increase of 29.6%. Among them, exports were US$263.92 billion, a year-on-year increase of 32.3%, a month-on-month increase of 9.5%, and a year-on-year increase of 36.3%; imports were US$221.07 billion, a year-on-year increase of 43.1%, a month-on-month decrease of 2.8%, and a year-on-year increase of 22.5%; trade surplus 42.85 billion US dollars, a year-on-year decrease of 4.7%.
General trade imports and exports increased and the proportion increased. In the first four months, China’s general trade import and export were 7.16 trillion yuan, an increase of 32.3% year-on-year (the same below), accounting for 61.6% of China’s total foreign trade value, an increase of 1.8 percentage points over the same period last year. Among them, exports were 3.84 trillion yuan, an increase of 38.8%; imports were 3.32 trillion yuan, an increase of 25.5%. In the same period, the import and export of processing trade were 2.57 trillion yuan, an increase of 18%, accounting for 22.1%, a decline of 2 percentage points. Among them, exports were 1.62 trillion yuan, an increase of 19.9%; imports were 956.09 billion yuan, an increase of 14.9%. In addition, China’s imports and exports through bonded logistics were 1.41 trillion yuan, an increase of 29.2%. Among them, exports were 495.1 billion yuan, an increase of 40.7%; imports were 914.78 billion yuan, an increase of 23.7%.
Imports and exports to major trading partners such as ASEAN, the European Union and the United States all increased. In the first four months, ASEAN was China’s largest trading partner. The total trade value between China and ASEAN was 1.72 trillion yuan, an increase of 27.6%, accounting for 14.8% of China’s total foreign trade. Among them, exports to ASEAN were 950.58 billion yuan, an increase of 29%; imports from ASEAN were 765.05 billion yuan, an increase of 25.9%; the trade surplus with ASEAN was 185.53 billion yuan, an increase of 43.6%. The EU was China’s second largest trading partner, with a total trade value of 1.63 trillion yuan with the EU, an increase of 32.1%, accounting for 14%.
Among them, exports to the EU were 974.69 billion yuan, an increase of 36.1%; imports from the EU were 650.42 billion yuan, an increase of 26.4%; the trade surplus with the EU was 324.27 billion yuan, an increase of 60.9%. The United States was China’s third largest trading partner. The total value of Sino-US trade is 1.44 trillion yuan, an increase of 50.3%, accounting for 12.4%. Among them, exports to the United States were 1.05 trillion yuan, an increase of 49.3%; imports from the United States were 393.05 billion yuan, an increase of 53.3%; the trade surplus with the United States was 653.89 billion yuan, an increase of 47%.
Japan was China’s fourth largest trading partner. The total trade value between China and Japan is 770.64 billion yuan, an increase of 16.2%, accounting for 6.6%. Among them, exports to Japan were 340.74 billion yuan, an increase of 12.6%; imports from Japan were 429.9 billion yuan, an increase of 19.2%; the trade deficit with Japan was 89.16 billion yuan, an increase of 53.6%. During the same period, China’s total imports and exports to countries along the “Belt and Road” were 3.43 trillion yuan, an increase of 24.8%. Among them, exports were 1.95 trillion yuan, an increase of 29.5%; imports were 1.48 trillion yuan, an increase of 19.3%.
The import and export of Chinese private enterprises increased and their proportion increased. In the first four months, the import and export of private enterprises were 5.48 trillion yuan, an increase of 40.8%, accounting for 47.2% of China’s total foreign trade value, an increase of 4.1 percentage points over the same period last year. Among them, exports were 3.53 trillion yuan, an increase of 45%, and accounted for 55.9% of the total export value; imports were 1.95 trillion yuan, an increase of 33.7%, and accounted for 36.8% of the total import value.
In the same period, the import and export of foreign-invested enterprises were 4.32 trillion yuan, an increase of 20.3%, accounting for 37.2% of China’s total foreign trade value. Among them, exports were 2.26 trillion yuan, an increase of 24.6%; imports were 2.06 trillion yuan, an increase of 15.9%. In addition, the import and export of state-owned enterprises were 1.77 trillion yuan, an increase of 16.2%, accounting for 15.2% of China’s total foreign trade value. Among them, exports were 513.64 billion yuan, an increase of 9.8%; imports were 1.25 trillion yuan, an increase of 19.1%.
Exports of mechanical and electrical products and labor-intensive products both increased. In the first four months, China exported 3.79 trillion yuan of mechanical and electrical products, an increase of 36.3%, accounting for 59.9% of the total export value. Among them, automatic data processing equipment and its parts were 489.9 billion yuan, an increase of 32.2%; mobile phones were 292.06 billion yuan, an increase of 35.6%; automobiles (including chassis) were 57.76 billion yuan, an increase of 91.3%. In the same period, the export of labor-intensive products was 1.11 trillion yuan, an increase of 31.9%, accounting for 17.5%.
Among them, clothing and clothing accessories were 288.7 billion yuan, an increase of 41%; textiles including masks were 285.65 billion yuan, an increase of 9.5%; and plastic products were 186.96 billion yuan, an increase of 42.6%. In addition, exports of steel products amounted to 25.654 million tons, an increase of 24.5%; refined oil products were 24.608 million tons, a decrease of 5.3%.
The import volume and price of iron ore, soybeans and copper have risen, while the import volume of crude oil, natural gas and other commodities have risen and prices have fallen. In the first four months, China imported 382 million tons of iron ore, an increase of 6.7%, and the average import price was 1009.7 yuan per ton, an increase of 58.8%; crude oil was 180 million tons, an increase of 7.2%, and the average import price was 2746.9 yuan per ton, a decrease 5.4%; coal was 90.126 million tons, a decrease of 28.8%, and the average import price was 477.7 yuan per ton, a decrease of 6.7%; natural gas was 39.459 million tons, an increase of 22.4%, and the average import price was 2228.9 yuan per ton, a decrease of 17.6%; soybeans 28.627 million Ton, an increase of 16.8%, the average import price was 3,235.6 yuan per ton, an increase of 15.5%; the primary form of plastic 12.124 million tons, an increase of 8%, the average import price was 10,700 yuan per ton, an increase of 15.4%; refined oil 8.038 million tons , A decrease of 14.9%, the average import price was 3670.9 yuan per ton, an increase of 4.7%; steel 4.891 million tons, an increase of 16.9%, the average import price was 761.3 million yuan per ton, an increase of 3.8%; unwrought copper and copper materials 1.921 million tons , An increase of 9.9%, and the average import price was 55,800 yuan per ton, an increase of 29.8%.
In the same period, imports of mechanical and electrical products amounted to 2.27 trillion yuan, an increase of 21%. Among them, 210 billion integrated circuits, an increase of 30.8%, valued at 822.24 billion yuan, an increase of 18.9%; 333,000 automobiles (including chassis), an increase of 39.8%, worth 117.04 billion yuan, an increase of 46.9%.
Source: Zhitong Finance