TapTechNews August 7th news, the General Administration of Customs released statistical data today. In the first 7 months of this year, the total value of China's foreign trade in goods was 24.83 trillion yuan ($3.56 trillion), and foreign trade maintained a stable and positive trend.
According to statistics, in the first 7 months of this year, the total value of China's foreign trade in goods was 24.83 trillion yuan ($3.56 trillion), with a year-on-year increase of 6.2%. The export was 14.26 trillion yuan ($2.04 trillion), an increase of 6.7%; the import was 10.57 trillion yuan ($1.51 trillion), an increase of 5.4%. In July alone, the import and export was 3.68 trillion yuan ($527.4 billion), with a year-on-year increase of 6.5%; the export was 2.14 trillion yuan ($306.8 billion), an increase of 6.5%; the import was 1.54 trillion yuan ($221.1 billion), an increase of 6.6%.
TapTechNews noticed from the statistical data that in the first 7 months of this year, China exported 8.41 trillion yuan ($1.20 trillion) of mechanical and electrical products, an increase of 8.3%, accounting for 59% of China's total export value. Among them:
Automatic data processing equipment and its components 815.88 billion yuan ($116.4 billion), an increase of 11.6%;
Integrated circuits 640.91 billion yuan ($91.8 billion), an increase of 25.8%;
Cars 462.86 billion yuan ($66.1 billion), an increase of 20.7%;
Mobile phones 454.74 billion yuan ($65.1 billion), a decrease of 1.3%.
On the import side, in the first 7 months of this year, China imported 3.88 trillion yuan ($554.8 billion) of mechanical and electrical products, an increase of 10.7%. Among them:
Integrated circuits 308.18 billion, an increase of 14.5%, with a value of 1.51 trillion yuan ($215.6 billion), an increase of 14.4%;
Cars 402,000 units, a decrease of 2.5%, with a value of 163.19 billion yuan ($23.3 billion), a decrease of 7.4%.
The director of the Statistical Analysis Department of the General Administration of Customs, Lv Daliang, said that since the beginning of this year, China's economic operation has been generally stable and stable with progress, and foreign trade has maintained a stable and positive trend. In the first 7 months, China's import and export scale reached a new high in the same period in history, and the import and export in July increased both year-on-year and month-on-month, and the year-on-year growth rate has remained above 5% for 4 consecutive months.