Economy

The total import and export value of goods trade in the first three quarters reached a new historical high in the same period

2024-10-15   

On October 14th, the General Administration of Customs released data showing that in the first three quarters of this year, China's total import and export value of goods trade was 3.233 trillion yuan, a year-on-year increase of 5.3%. Among them, exports amounted to 18.62 trillion yuan, a year-on-year increase of 6.2%; Imports amounted to 13.71 trillion yuan, a year-on-year increase of 4.1%. In the first three quarters, China's total import and export value of goods trade reached a new high, exceeding 32 trillion yuan for the first time in the same period of history. The import and export value in each quarter exceeded 10.15 trillion yuan, 11 trillion yuan, and 11.17 trillion yuan respectively, all exceeding 10 trillion yuan, which is also the first time in the same period of history. Various business entities remain active, and the import and export of private enterprises have achieved rapid growth. In the first three quarters, the import and export of private enterprises in China reached 1.778 trillion yuan, a year-on-year increase of 9.4%, accounting for 55% of China's total foreign trade value, an increase of 2.1 percentage points; The import and export of foreign-invested enterprises reached 9.53 trillion yuan, a year-on-year increase of 1.1%, achieving growth for two consecutive quarters. Market diversification is steadily advancing, and China's trade with over 160 countries and regions has achieved growth. Import and export to countries jointly building the "the Belt and Road" reached 15.21 trillion yuan, up 6.3% year on year, accounting for 47.1%; Imports and exports to other member countries of the Regional Comprehensive Economic Partnership amounted to 9.63 trillion yuan, a year-on-year increase of 4.5%. Among them, imports and exports to ASEAN amounted to 5.09 trillion yuan, a year-on-year increase of 9.4%. Optimization of export product structure, with high-end equipment exports growing by over 40%. In the first three quarters, China's exports of mechanical and electrical products reached 11.03 trillion yuan, a year-on-year increase of 8%, accounting for 59.3% of the total export value. Among them, the export of high-end equipment increased by 43.4% year-on-year, while the export of integrated circuits, automobiles, and household appliances increased by 22%, 22.5%, and 15.5% respectively. (New Society)

Edit:Rina Responsible editor:Lily

Source:people.net

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