General Administration of Customs: Last year’s foreign trade was US$2.56 trillion, with bright spots amid the crisis
The General Administration of Customs today released my country’s foreign trade import and export situation in 2008. According to customs statistics, foreign trade last year reached US$2.56163 billion, an increase of 17.8% over the previous year (the same below). Among them, exports were US$1,428.55 billion, an increase of 17.2%; imports were US$1,133.08 billion, an increase of 18.5%. The trade surplus was US$295.47 billion, an increase of 12.5% over the previous year, a net increase of US$32.83 billion.
In December, my country’s total import and export value was US$183.33 billion, down 11.1%; of which exports were US$111.16 billion, down 2.8%; imports were US$72.18 billion, down 21.3%.
According to data provided by the General Administration of Customs, my country’s general trade import and export in 2008 was US$1.23526 billion, an increase of 27.6%. Among them, exports were US$662.58 billion, an increase of 22.9%; imports were US$572.68 billion, an increase of 33.6%. During the same period, the import and export of processing trade reached US$1,053.59 billion, an increase of 6.8%. Among them, exports were US$675.18 billion, an increase of 9.3%; imports were US$378.4 billion, an increase of 2.7%.
In 2008, the import and export volume of foreign-invested enterprises was US$1.41058 billion, an increase of 12.4%. Among them, exports were US$790.62 billion, an increase of 13.6%; imports were US$619.96 billion, an increase of 10.8%. During the same period, the import and export of state-owned enterprises reached US$611.04 billion, an increase of 23.5%, and the growth rate was 3.7 percentage points faster than the previous year. Among them, exports were US$257.23 billion, an increase of 14.4%; imports were US$353.81 billion, an increase of 31.1%. In addition, the import and export of collective, private and other enterprises grew steadily. In 2008, the import and export volume reached US$540.02 billion, an increase of 27.3%. Among them, exports were US$380.7 billion, an increase of 27.9%; imports were US$159.32 billion, an increase of 25.7%.
Among China’s major trading partners, the EU continues to be my country’s largest trading partner. In 2008, the total value of China-EU bilateral trade was US$425.58 billion, an increase of 19.5%, which was 9 percentage points and 6.5 percentage points higher than the growth rates of China-US and China-Japan bilateral trade in the same period. During the same period, the United States continued to be my country’s second largest trading partner, with the total bilateral trade value between China and the United States reaching US$333.74 billion, an increase of 10.5%. Japan remains my country’s third largest trading partner. In 2008, the total bilateral trade value between China and Japan was US$266.78 billion, an increase of 13%. In addition, India ranks tenth among my country’s top ten trading partners. In 2008, the total bilateral trade value between China and India was US$51.78 billion, an increase of 34%.
Customs statistics show that Guangdong, Jiangsu, and Shanghai continue to rank among the top three in total foreign trade import and export value among provinces and cities. In 2008, Guangdong Province’s total import and export value was US$683.26 billion, an increase of 7.7%, and its import and export scale ranked first among all provinces and cities in the country. During the same period, the total import and export values of Jiangsu and Shanghai were US$392.27 billion and US$322.1 billion respectively, an increase of 12.2% and 13.9% respectively. In addition, Beijing’s total import and export value was US$271.71 billion, an increase of 40.7%, and the growth rate was 18.6 percentage points faster than the previous year. The total import and export of the above four provinces and cities accounted for 65.2% of the country’s total import and export value that year.
Among export commodities, my country’s exports of mechanical and electrical products reached US$822.93 billion in 2008, an increase of 17.3%. Among them, the export of electrical appliances and electronic products was US$342.02 billion, an increase of 13.9%; the export of machinery and equipment was US$268.63 billion, an increase of 17.5%; the export of high-tech products was US$415.61 billion, an increase of 13.1%. During the same period, my country’s exports of clothing and clothing accessories were US$119.79 billion, an increase of 4.1%; exports of textile yarns, fabrics and products were US$65.37 billion, an increase of 16.6%, an acceleration of 1.6 percentage points; exports of footwear were US$29.66 billion, an increase of 17.2%, an acceleration of 1.2%. percentage points; furniture exports were US$26.91 billion, an increase of 21.5%; plastic product exports were US$15.83 billion, an increase of 9.4%, a slight increase of 0.6 percentage points.
Among imported goods, my country imported US$362.78 billion of primary products in 2008, an increase of 49.2%, accounting for 32% of my country’s total import value that year, an increase of 6.6 percentage points over the previous year. During the same period, the imported industrial products were US$770.31 billion, an increase of 8.1%, accounting for 68% of my country’s total import value that year; among which, the imported mechanical and electrical products were US$538.66 billion, an increase of 7.9%; the imported chemical products and related products were US$119.19 billion, an increase of 10.8%; The number of imported cars was 408,000, an increase of 30.6%; the number of imported steel products was 15.43 million tons, a decrease of 8.6%.
Although the impact of the current international financial crisis continues to spread, there are still several highlights in my country’s foreign trade:
First, the effects of export encouragement policies have begun to appear. my country successively increased the export tax rebate rate for some commodities on August 1, November 1 and December 1, 2008, and the effect of the policy has begun to show. The overall export of goods involved in the policy adjustment in December totaled US$54.45 billion, a year-on-year increase of 4.8%, and its proportion in my country’s total export value increased from 45.8% in the first 11 months to 49.0% in December. Among them, exports of clothing, plastic products, bags and lamps all showed accelerated growth.
Second, the increase in export prices under general trade is basically stable. In the context of weakening external demand, the stable increase in my country’s general trade export prices has played a very important role in boosting overall exports. From June to December 2008, the year-on-year increase in my country’s general trade export prices was basically stable between 16% and 19%, and it was still 16.3% in December, allowing general trade exports to maintain a counter-trend growth of 6%, an increase higher than that in November. an acceleration of 1.4 percentage points. (China Customs) AA4353466DG
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