In August China's electrical exports increased by 13.9%

In August, the total value of China's imports and exports was 2.17 trillion yuan (equivalent to 352.7 billion U.S. dollars), and the deduction of the exchange rate factor increased by 7.1% year-on-year. Among export commodities, exports of electronic appliances reached 47.18 billion U.S. dollars, an increase of 13.9%, the highest increase.

Data show that in August exports 1.17 trillion yuan (equivalent to 190.61 billion US dollars), an increase of 7.2%, continue to maintain the upward trend; imports 1 trillion yuan (equivalent to 162.09 billion US dollars), an increase of 7%; trade surplus 176.32 billion yuan (equivalent to 28.52 billion US dollars), an increase of 8.4%.

Among export commodities, exports of mechanical and electrical products have increased steadily, and exports of traditional labor-intensive products such as textiles and garments have shown good growth. In August, China’s export of machinery and electronic products was US$106.45 billion, an increase of 6.7%, accounting for 55.9% of the total value of exports. Among them, electrical and electronic products exported 47.18 billion U.S. dollars, an increase of 13.9%; mechanical equipment was 32.04 billion U.S. dollars, an increase of 7.6%.

Among the imported goods, in August, China imported 69.01 million tons of iron ore, an increase of 10.6%, the average import price was US$118.8 per ton, down 7.7%, and the import of mechanical and electrical products was US$72.26 billion, up 0.6%.

Bilateral trade with major trading partners has generally increased, and imports and exports to Japan have fallen. In August, the bilateral trade value of China and the EU was 51.03 billion U.S. dollars, an increase of 3.2%. The total value of bilateral trade between China and the United States was US$45.4 billion, an increase of 9.2%. In August, the bilateral trade value between China and ASEAN was 36.58 billion U.S. dollars, an increase of 13.3%. The total value of bilateral trade between the Mainland and Hong Kong was US$31.82 billion, an increase of 5.8%. The total value of bilateral trade between China and Japan was 26.17 billion U.S. dollars, a decrease of 6%. It was the only import and export value among the top 10 largest trading partners that fell year-on-year. In addition, Sino-Russian trade amounted to 7.74 billion U.S. dollars, an increase of 3.6%.