China’s goods trade in the first 4 months of 2020

(USD denominated)

Total value of imports and exports               1.3 trillion                              down 7.5%

Exports                                                          678.28 billion                      down 9%

Imports                                                          620.05 billion                       down 5.9%

Trade surplus                                                58.23 billion                          down 32.6%

China’s goods trade in April this year

(USD denominated)

Total value of imports and exports                355.22 billion                          down 5%

Exports                                                         200.28 billion                           up 3.5%

Imports                                                        154.94 billion                            down 14.2%

Trade surplus                                             45.34 billion                               up 2.5 times

General trade

In the first 4 months, China’s foreign trade import and export mainly showed the following characteristics:

The proportion of general trade imports and exports increased. In the first 4 months, China’s general trade imports and exports reached 5.43 trillion yuan, down 4.6%, accounting for 59.8% of China’s total trade value, an increase of 0.2 percentage points over the same period last year. Among them, exports were 2.77 trillion yuan, down 6.3%; imports were 2.66 trillion yuan, down 2.7%.

Processing Trade

During the same period, imports and exports of processing trade were 2.18 trillion yuan, down 8.4%. Among them, exports were 1.35 trillion yuan, down 10.9%; imports were 833.3 billion yuan, down 4.2%.

Bonded logistics

In addition, China’s import and export of bonded logistics have reached 1.11 trillion, an increase of 0.2%, accounting for 12.2% of China’s total foreign trade value. Among them, exports were 359.11 billion yuan, up 1.9%; imports were 746.26 billion yuan, down 0.6%.

Imports and exports to ASEAN and countries along the “Belt and Road” have grown against the trend, while imports and exports to the European Union, the United States and Japan have declined.

ASEAN

In the first 4 months, ASEAN was China’s largest trading partner. The total value of trade with ASEAN was 1.35 trillion yuan, an increase of 5.7%, accounting for 14.9% of China’s total foreign trade value. Among them, China’s exports to ASEAN reached 740.9 billion yuan, an increase of 3.9%; imports from ASEAN reached 608.51 billion yuan, an increase of 8%; trade surplus with ASEAN was 132.39 billion yuan, a decrease of 11.5%.

The EU

The EU is China’s second largest trading partner. The total value of trade with the EU is 1.23 trillion yuan, down 6.5%, accounting for 13.6% of my total foreign trade value. Among them, China’s exports to the EU were 719.01 billion yuan, down 6.6%; imports from the EU were 515.56 billion yuan, down 6.4%; trade surplus with the EU was 203.45 billion yuan, down 7.1%.

The United States

The United States is China’s third largest trading partner. The total value of Sino-US trade is 958.46 billion yuan, down 12.8%, accounting for 10.6% of China’s total foreign trade value. Among them, China exported 702.28 billion yuan to the United States, down 15.9%; imports from the United States were 256.18 billion yuan, down 3%; trade surplus with the United States was 446.1 billion yuan, down 21.9%.

Japan

Japan is China’s fourth largest trading partner. The total value of Sino-Japanese trade is 665.68 billion yuan, down 2.1%, accounting for 7.3% of China’s total foreign trade value. Among them, exports to Japan were 302.86 billion yuan, a decrease of 2.2%; imports from Japan were 362.82 billion yuan, a decrease of 2%.

Countries along the “Belt and Road”

In the same period, China ’s total import and export of countries along the “Belt and Road” reached 2.76 trillion yuan, an increase of 0.9%, accounting for 30.4% of China ’s total foreign trade, and its proportion increased by 1.7 percentage points.

Private enterprises

The import and export of private enterprises increased and the proportion of them increased. In the first 4 months, the import and export of private enterprises was 3.92 trillion yuan, an increase of 0.5%, accounting for 43.2% of China’s total foreign trade value, an increase of 2.3 percentage points over the same period last year. Among them, exports were 2.45 trillion yuan, a decrease of 2.7%, accounting for 51.7% of the total export value; imports were 1.47 trillion yuan, an increase of 6.5%, accounting for 33.8% of the total import value.

Foreign-invested enterprises

In the same period, the import and export of foreign-invested enterprises was 3.6 trillion yuan, a decrease of 7.2%, accounting for 39.6% of China’s total foreign trade value. Among them, exports were 1.81 trillion yuan, down 10.7%; imports were 1.79 trillion yuan, down 3.3%.

State-owned enterprises

In addition, the import and export of state-owned enterprises was 1.52 trillion yuan, a decrease of 10.9%, accounting for 16.8% of the total value of our foreign trade. Among them, exports were 469.1 billion yuan, down 6.5%; imports were 1.05 trillion yuan, down 12.8%.

Exports of mechanical and electrical products and apparel declined, while textile exports increased.

In the first 4 months, China’s exports of mechanical and electrical products were 2.79 trillion yuan, down 5.9%, accounting for 58.8% of the total export value.

Among them, exports of automatic data processing equipment and its parts and components were 370.67 billion yuan, down 6.6%.

Mobile phones were 215.38 billion yuan, down 7.8%.

In the same period, textile exports including masks were 261.3 billion yuan, up 5.9%.

Clothing 205.1 billion yuan, down 20.2%.

Plastic products 139.87 billion yuan, down 0.4%; furniture 93.23 billion yuan, down 15.7%.

Shoes and boots 67.43 billion yuan, Down 24.4%; toys 43.69 billion yuan, down 13.5%.

Luggage 40.43 billion yuan, down 23.4%.

In addition, the export of steel products was 20.601 million tons, a decrease of 11.7%; the number of automobiles (including chassis) was 319,000, a decrease of 7.2%.

Imports of iron ore, crude oil, coal, natural gas, soybeans and other commodities increased, while the average price of bulk commodity imports rose and fell.

In the first 4 months, China imported 360 million tons of iron ore sand, an increase of 5.4%, and the average import price was 631.1 yuan per ton, up 10%.

Crude oil was 170 million tons, an increase of 1.7%, and the average import price was 2906.7 yuan per ton, down 8.9%

Coal 130 million tons, an increase of 26.9%, the average import price was 510.1 yuan per ton, down 4.9%.

Natural gas was 32.328 million tons, an increase of 1.5%, the average import price was 2702.5 yuan per ton, down 15%.

Soybean 24.506 million Tons, an increase of 0.5%, the average import price was 2798.4 yuan per ton, down 2.8%.

The primary shape of plastic was 11.225 million tons, a decrease of 4.9%, the average import price was 9290.4 yuan per ton, down 7.9%.

Refined oil was 9.613 million tons, Decreased by 21.3%, the average import price was 3486.8 yuan per ton, down 5.5%.

Steel was 4.184 million tons, an increase of 7.4%, the average import price was 7336.9 yuan per ton, down 11.5%.

Unwrought copper and copper materials were 1.748 million tons, an increase of 10.4%, the average import price was 43,000 yuan per ton, a decrease of 4.7%.

In addition, the import of mechanical and electrical products was 1.88 trillion yuan, a decrease of 0.3%; of which 160.54 billion integrated circuits, an increase of 31.1%, and a value of 692.11 billion yuan, an increase of 14%; 238,000 vehicles (including chassis), a decrease of 29.8%, a value of 79.69 billion Yuan, down 22.9%.