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China's imports and exports increased rapidly in the first half year

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Jul 21,2017
Recently, the ministry of commerce issued a report on foreign trade in the first half of 2017. According to the customs statistics, in the first half of 2017, China's import and export volume was 13.14 trillion yuan, an increase of 19.6% Which exports 7.21 trillion yuan, increase 15.0%; imports 5.93 trillion yuan, increase 25.7%; The surplus was 1.28 trillion yuan, narrowed 17.7%. In the first half year, China's import and export achieved relatively rapid growth, further optimize the structure, accelerate power conversion, stabilize the good momentum to further consolidate. From the commodity structure, mechanical and electrical products exported 4.13 trillion yuan, an increase of 14.6%, accounting for 57.2%, basically flat with the same period of last year. Including cars, ships, computer and its components and mobile phone growth of 32.5%, 25.1%, 18.3% and 12.8% respectively.Exports of textile and other 7 categories of traditional labor-intensive industries also maintained a rapid growth, an increase of 12.9% (exports 1.48 trillion yuan). From the operators, private enterprises exported 3.37 trillion yuan, an increase of 17.7%, accounting for 46.8%, compared with the same period last year increased by 1.1 percentage points (last year 45.7%), continue to maintain export first main operating status. From the trade, the general trade imported and exported 7.46 trillion yuan, an increase of 20.5%, accounting for 56.7% of the country's total foreign trade, compared with the same period last year increased by 0.4 percentage points. From the international market, the import and export growth of China's top ten trading partners, including the EU, the US and ASEAN, is up 18.7%. Exports to the United States, the EU, Japan and other traditional markets increased by 19.3%, 15.7%, 12.4% respectively. Russia, India, Malaysia, Indonesia and other "One Belt and One Road" along the country's exports grew rapidly, an increase of 29.5%, 26.0% % and 15.4% respectively.
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