2023 first half of the foreign trade import and export report

According to data released by the General Administration of Customs on July 13, the total value of China's trade in goods in the first half of this year was 20.1 trillion yuan, an increase of 2.1% year-on-year, and the scale exceeded 20 trillion yuan for the first time in the same period in history!

In the first half of the year, China's foreign trade imports and exports showed five characteristics

1. The scale of foreign trade is steady and improving

In the first half of the year, the scale of China's foreign trade import and export exceeded 20 trillion yuan for the first time in history. Among them, the first quarter and the second quarter reached 9.76 trillion and 10.34 trillion yuan respectively, achieving positive growth year-on-year. From a sequential point of view, imports and exports in the second quarter increased by 6% over the first quarter, and the growth rate in May and June was 1.2%.

2. The import and export scale of private enterprises continues to grow

In the first half of the year, China's private enterprises imported and exported 10.59 trillion yuan, an increase of 8.9%, accounting for 52.7% of the total import and export value, an increase of 3.3 percentage points. In the same period, the import and export of foreign-invested enterprises reached 6.16 trillion yuan, accounting for 30.7% of the total import and export value. Imports and exports of state-owned enterprises reached 3.29 trillion yuan, accounting for 16.4 percent of the total value.

3. The import and export growth rate of the "Belt and Road" is significantly higher than the overall

In the first half of this year, China's import and export to ASEAN, the largest trading partner, reached 3.08 trillion yuan, an increase of 5.4% year-on-year, accounting for 15.3% of the total import and export value. Its import and export to the EU reached 2.75 trillion yuan, up 1.9%, accounting for 13.7%; Imports and exports to the United States were 2.25 trillion yuan, down 8.4%, accounting for 11.2%. In the same period, China's imports and exports to countries along the "Belt and Road" increased by 9.8%, 7.7 percentage points higher than the overall growth rate, accounting for 34.3%, an increase of 2.4 percentage points over other RCEP members import and export growth of 1.5%.

4. The proportion of mechanical and electrical products exports increased

In the first half of the year, China's export of mechanical and electrical products was 6.66 trillion yuan, an increase of 6.3%, accounting for 58.2% of the total export value, an increase of 1.4 percentage points; During the same period, the export of labor-intensive products was 1.97 trillion yuan, an increase of 0.04 percent.

5. Imports of bulk commodities and consumer goods grew rapidly - Kitchen Supplies/Household storage/Daily necessities

In the first half of this year, China's imports of energy, mineral sands, grain and other bulk commodities increased by 17.1% year-on-year, of which 561 million tons of energy products such as crude oil, natural gas and coal were imported, an increase of 33.2%; China imported 710 million tons of iron, aluminum and other metal ore, up 8.3%. In the same period, the import of consumer goods was 974.84 billion yuan, up by 6.6%; Among them, meat and edible aquatic products increased by 9.5% and 30%, respectively.