On July 10, the General Administration of Customs announced my country’s foreign trade import and export situation in the first half of 2010. According to customs statistics, my country’s total import and export value from January to June was US$1,354.88 billion, an increase of 43.1% over the same period in 2009 (the same below). Among them, exports were US$705.09 billion, an increase of 35.2%; imports were US$649.79 billion, an increase of 52.7%; the trade surplus was US$55.3 billion, a decrease of 42.5%.
In June, my country’s import and export value was US$254.77 billion, an increase of 39.2%. Among them, exports were US$137.4 billion, an increase of 43.9%; imports were US$117.37 billion, an increase of 34.1%. Customs statistics show that my country’s monthly export value and total import and export value in June both refreshed the historical records of July 2008, both reaching record highs. From a month-on-month perspective, imports and exports in June 2010 increased by 4.4% month-on-month compared with May; exports increased by 4.3% month-on-month, and imports increased by 4.6% month-on-month.
my country’s general trade import and export has grown rapidly. According to customs statistics, my country’s general trade import and export in the first half of 2010 was US$679.49 billion, an increase of 46.5%, which was 3.4 percentage points higher than the national import and export growth rate in the same period. Among them, exports were US$321.2 billion, an increase of 36.6%, which was 1.4 percentage points higher than the overall national export growth rate during the same period; imports were US$358.29 billion, an increase of 56.6%, which was 3.9 percentage points higher than the overall national import growth rate during the same period. There was a trade deficit of US$37.09 billion under general trade, compared with a surplus of US$6.35 billion in the same period in 2009. During the same period, my country’s processing trade import and export reached US$527.76 billion, an increase of 38.2%. Among them, exports were US$332.53 billion, an increase of 32.9%; imports were US$195.23 billion, an increase of 48.3%.
In bilateral trade with major trading partners, customs statistics show that bilateral trade between China and the EU was US$219.42 billion, an increase of 37.2%. The total bilateral trade value with the United States was US$171.99 billion, an increase of 30.2%. Japan has once again become my country’s third largest trading partner, surpassing ASEAN by a slight advantage. In the first half of the year, the total bilateral trade value between my country and Japan was US$136.55 billion, an increase of 37%. Among them, my country’s exports to Japan were US$55.11 billion, an increase of 25.2%; China’s imports from Japan were US$81.44 billion, an increase of 46.3%; the trade deficit with Japan was US$26.33 billion, an increase of 1.3 times. During the same period, the total bilateral trade value between my country and ASEAN reached US$136.49 billion, an increase of 54.7%. Among them, my country’s exports to ASEAN were US$64.6 billion, an increase of 45.4%; China’s imports from ASEAN were US$71.89 billion, an increase of 64%; the trade deficit with ASEAN was US$7.29 billion, and the trade surplus in the same period in 2009 was US$600 million. In addition, Brazil has become my country’s 10th largest trading partner. In the first half of the year, the total bilateral trade value between my country and Brazil was US$26.39 billion, an increase of 60.3%. Among them, my country’s exports to Brazil were US$10.32 billion, an increase of 100%; China’s imports from Brazil were US$16.07 billion, an increase of 41.1%; the trade deficit with Brazil was US$5.75 billion.
From a domestic perspective, Guangdong’s total import and export value in the first half of 2010 was US$345.23 billion, an increase of 33.9%. During the same period, the import and export values of Jiangsu, Shanghai, and Beijing were 214.6 billion, 171.77 billion, and 144.32 billion US dollars respectively, an increase of 49.2%, 42.5%, and 60.1% respectively. In addition, the import and export values of Zhejiang, Shandong, and Fujian were US$117.51 billion, US$85.97 billion, and US$49.85 billion, respectively, an increase of 41.3%, 41%, and 42.8% respectively. The total import and export value of the above seven provinces and cities accounted for 83.3% of the country’s total import and export value. From the perspective of exports, Guangdong’s exports in the first half of the year were US$195.57 billion, an increase of 27.5%. Jiangsu and Shanghai exported US$122.48 billion and US$83.47 billion respectively, an increase of 44.4% and 33.5% respectively. In addition, Zhejiang, Shandong, Fujian, and Beijing exported US$82.22 billion, US$46.68 billion, US$32.65 billion, and US$26 billion respectively, representing increases of 39.7%, 34%, 39.1%, and 16.1% respectively.
Among export commodities, the export of mechanical and electrical products maintained rapid growth, and the export growth rate of traditional bulk commodities generally accelerated. According to customs statistics, my country’s exports of mechanical and electrical products in the first half of 2010 were US$417 billion, an increase of 35.9%, which was 0.7 percentage points higher than my country’s overall export growth rate during the same period, accounting for 59.1% of my country’s total export value during the same period. Among them, the export of electrical appliances and electronic products was US$168.68 billion, an increase of 35.7%; the export of machinery and equipment was US$141.87 billion, an increase of 36.5%. In the same period, the growth rate of traditional bulk commodity exports generally accelerated compared with the previous five months. Among them, clothing exports were US$53.23 billion, an increase of 16%, 2.9 percentage points faster than the previous five months (the same below); textile yarns and fabrics and product exports were US$35.65 billion, an increase of 32.3%, an acceleration of 2.6 percentage points; furniture exports were US$15.64 billion, an increase of 33%, an acceleration of 6.4 percentage points; footwear exports were US$15.62 billion, an increase of 20.8%, an acceleration of 2.6 percentage points. .
Among imported commodities, the import volume of major bulk commodities has increased to varying degrees, and the average import price has generally rebounded significantly year-on-year. According to customs statistics, among the major commodities imported into my country in the first half of 2010, iron ore imports were 310 million tons, an increase of 4.1%, and the average import price was US$111.5 per ton, an increase of 47%; soybean imports were 25.8 million tons, an increase of 16.8%, and the average import price was US$111.5 per ton, an increase of 47%. The price was US$442.4 per ton, up 7.4%. In addition, imported mechanical and electrical products amounted to US$302.64 billion, an increase of 45.5%, of which 387,000 automobiles were imported, an increase of 1.7 times.
Textile and apparel exports hit a new high in June. Textile and apparel exports in June reached US$18.66 billion, a record monthly high, a year-on-year increase of 33.4% and an increase of 20.3% over June 2008. Among them, the export of textile yarn, fabrics and products was US$7.09 billion, an increase of 44.4%; the export of clothing was US$11.572 billion, an increase of 28.1%, the highest single-month growth rate in the past two years. In the first half of the year, textile and apparel exports amounted to US$88.88 billion, a year-on-year increase of 22%.
