In January 2018 the value of China’s imports and exports amounted to 2.51-trillion yuan, up 16.2% year on year. Among these, the exports registered 1.32-trillion yuan and the imports 1.19-trillion yuan, up 6% and 30.2% respectively year on year, according to official Chinese government Customs statistics. The trade surplus was 135.8-billion yuan, down 59.7%.
Exports of mechanical and electrical products amounted to 769.56-billion yuan, up 9.4% year on year, taking up 58.1% of the total, 1.8 percentage points higher than that over the same period of last year. Among these, cell phones, integrated circuits, computers and parts grew up 30.1%, 28.9% and 10.8% respectively year on year.
Exports in seven labor-intensive industry including textile and costume amounted to 267.89-billion yuan, down 5.7% year on year. In addition, the exports volume of steel reached 4.65-million mt, down 36.6%. Regarding the imports of bulk commodity, the imports quantity of crude oil, refined oil, coal, iron ore and soybean increased by 19.6%, 10.6%, 11.5%, 9.3% and 10.8% respectively year on year. The imports of mechanical and electrical products were 527.01-billion yuan, up 37.1% year on year, of which the automobiles reached 90,000, up 19.1% year on year.
In terms of the main business operators, exports by private enterprises reached 646.84-billion yuan, up 7.7%, taking up 48.8% of the total exports with 0.7 percentage point higher than that over the same period of last year and kept its position as the largest business operator.
Exports by foreign-invested enterprises were 545.2-billion, up 7.1%, taking up 41.2% of China’s total exports, with 0.4 percentage point higher than that over the same period of last year.
In terms of trade mode, imports and exports of general trade amounted to 1.47 trillion yuan, up 18.5% year on year, taking up 58.6% of the total value of foreign trade, 1.1 percentage points higher than that over the same period of last year.
In terms of international market, China’s imports and exports with US, the EU and Japan grew up by 11.0%, 17.3% and 12.3% respectively year on year; those with BRICS countries like Brazil, Russia, South Africa, and Malaysia and countries along the Belt and Road route grew rapidly, going up 21.6%, 20.9%, 11.9% and 23.9% respectively.