China's Export Growth Rate in August Slowed Down from Last Month

The General Administration of Customs released the import and export of China in the first eight months of this year on the 10th. According to customs statistics, from January to August, China’s total value of imports and exports was US$187.55 billion, which was an increase of 40% from the same period of last year (the same below). Among them, exports were US$987.44 billion, up 35.5%; imports were US$885.84 billion, up 45.5%; trade surpluses were US$103.9 billion, down 14.6%.

Customs statistics show that in August China's import and export value was 258.57 billion U.S. dollars, an increase of 34.7%. Of which, exports were US$ 139.3 billion, up 34.4%, 3.7% lower than the previous month; imports were US$ 119.27 billion, up 35.2%, up 12.5% ​​over the previous month; current trade surplus was US$ 20.03 billion, down 30.4% from the previous month. .

Compared with the first eight months of 2008, the total value of imports and exports increased by 8.7% in the first eight months of this year; exports increased by 5.4% and imports increased by 12.7%. In August of this year, the total value of imports and exports increased by 7.1% over the same period of 2008; exports increased by 2.9% and imports increased by 12.5%.

From January to August, China's general trade import and export amounted to US$939.99 billion, an increase of 43.3%, which was 3.3% higher than the national average growth rate of imports and exports over the same period. Among them, the value of exports was 454.18 billion U.S. dollars, an increase of 38.5%, which was 3 percentage points higher than the overall national export growth rate over the same period; imports were 485.81 billion U.S. dollars, an increase of 48.1%, which was 2.6 percentage points higher than the overall national import growth rate over the same period. Under normal trade, there was a trade deficit of 31.63 billion U.S. dollars. In the same period of 2009, the trade deficit was only 100 million U.S. dollars. During the same period, China's import and export of processing trade totaled 730.49 billion U.S. dollars, an increase of 34.8%. The trade surplus under processing trade was US$194.95 billion, an increase of 21%, which was equivalent to 1.9 times the overall surplus of the same period.

In bilateral trade with major trading partners, in the first 8 months, the bilateral trade value between China and the EU was US$305.81 billion, an increase of 36.2%. During the same period, the total value of bilateral trade between China and the United States was 242.61 billion U.S. dollars, an increase of 32%. In the first eight months, the total value of bilateral trade between China and Japan was US$186.89 billion, an increase of 34.8%. Among them, I exported 75.33 billion U.S. dollars to Japan, an increase of 25.5%; I imported 111.56 billion U.S. dollars, an increase of 41.9%; and Japan's trade deficit was 36.23 billion U.S. dollars, an increase of 94.8%. During the same period, bilateral trade between China and ASEAN reached 185.38 billion U.S. dollars, an increase of 47.2%. Among them, I exported 88.07 billion U.S. dollars to ASEAN, an increase of 40%; imported 97.13 billion U.S. dollars from ASEAN, an increase of 54.4%; and a trade deficit of 9.24 billion U.S. dollars to ASEAN, while the trade deficit was only 110 million U.S. dollars in the same period of 2009.