In November, both import and export values ​​hit record highs

The General Administration of Customs released the import and export of China's foreign trade 11 months ago today. According to customs statistics, from January to November, China’s total value of imports and exports was US$ 277.78 billion, which was an increase of 36.3% over the same period of last year (the same below). Among them, exports were 1,423.85 billion U.S. dollars, up 33%; imports were 1,253.43 billion U.S. dollars, up 40.3%; trade surpluses were 170.42 billion U.S. dollars, down 3.9%.
Customs statistics show that in November, China’s import and export value was 283.76 billion US dollars, an increase of 36.2% year-on-year, an increase of 15.9% from the previous period, and a record of 273.09 billion US dollars set in September of this year. The monthly import and export volume exceeded the value of 280 billion US dollars for the first time. The value of exports and imports was at the same time innovating in the highest historical record: US$153.33 billion was exported in November, an increase of 34.9%. Imports and prices were driven by the import of US$130.43 billion in November, an increase of 37.7%. The import growth was faster than in October. Increased by 12.3 percentage points.
From January to November, China's general trade import and export amounted to US$133.47 billion, an increase of 40.9%, which was 4.6 percentage points higher than the national import and export growth rate for the same period. Among them, exports were US$648.37 billion, up 37.3%; imports were US$682.2 billion, up 44.5%, which was 4.2 percentage points higher than the overall national import growth over the same period. The trade deficit under general trade amounted to US$37.83 billion, an increase of 13.3 times over the same period in 2009. During the same period, China's import and export of processing trade reached 1,049.47 billion U.S. dollars, an increase of 29.5%. Of which 670.29 billion US dollars in exports, an increase of 28%; imports 379.18 billion US dollars, an increase of 32.3%. The trade surplus under processing trade amounted to USD291.11 billion, an increase of 22.8%, which was equivalent to 1.7 times the overall surplus of the same period.
In bilateral trade with major trading partners, Sino-European bilateral trade between January and November totaled US$433.88 billion, an increase of 33.1%. During the same period, the total value of bilateral trade between China and the United States was 346.89 billion U.S. dollars, an increase of 30.2%. From January to November, the total value of bilateral trade between China and Japan was 267.79 billion U.S. dollars, an increase of 31.7%. Among them, I exported 109.11 billion U.S. dollars to Japan, an increase of 24.9%; I imported 158.68 billion U.S. dollars, an increase of 36.9%; and the U.S. trade deficit was 49.57 billion U.S. dollars, an increase of 73.6%. In the same period, the bilateral trade value between China and ASEAN reached 263.01 billion U.S. dollars, an increase of 40.6%. Among them, I exported US$124.45 billion to ASEAN, an increase of 33.6%; I imported 138.56 billion US dollars from ASEAN, an increase of 47.5%; and the trade deficit to ASEAN was US$14.11 billion, an increase of 17 times.
Customs statistics show that from January to November, the total import and export value of Guangdong was 704.9 billion US dollars, an increase of 30%. During the same period, the import and export value of Jiangsu, Shanghai, and Beijing were 421.48 billion, 333.37 billion, and 270.31 billion U.S. dollars, respectively, up 38.8%, 35%, and 41.8%, respectively. In addition, the import and export value of Zhejiang, Shandong and Fujian were 229.5 billion, 170.54 billion and 97.33 billion U.S. dollars, respectively, which were 36.3%, 36.6% and 36.8%, respectively. The above-mentioned 7 provinces and cities' import and export value accounted for 83.2% of the total import and export value of the country. In addition, from January to November, the growth of foreign trade in the central and western regions was significant, of which the total value of imports and exports in Gansu was US$6.63 billion, which was a double increase, which was 66.3 percentage points higher than the national average growth rate over the same period. The imports and exports of Tibet, Yunnan, and Jiangxi were 690 million, 12.1 billion, and 18.59 billion U.S. dollars, respectively, an increase of 94%, 78.5%, and 67.1%, respectively, which were higher than the overall growth rate of 57.7, 42.2, and 30.8 percentage points respectively.
According to customs statistics, foreign-invested enterprises are the main source of trade surplus, and the import and export of private enterprises have grown strongly. From January to November, foreign-invested enterprises imported and exported 1,445.78 billion U.S. dollars, an increase of 33.1%. Among them, exports accounted for 779.14 billion U.S. dollars, an increase of 29.8%; imports accounted for 666.64 billion U.S. dollars, an increase of 37.2%; foreign-invested enterprises had a trade surplus of 112.50 billion U.S. dollars, of which the trade surplus for processing trade accounted for 242.08 billion U.S. dollars, equivalent to the overall trade surplus of China's processing trade during the same period. 83.2%. In addition, private enterprises (including collectives, private companies, and other enterprises) imported and exported 669.23 billion U.S. dollars, an increase of 48.1%, which was 11.8 percentage points higher than the national import and export growth rate over the same period.
Among export commodities, from January to November, China's export of mechanical and electrical products was 842.74 billion U.S. dollars, an increase of 32.7%, which accounted for 59.2% of China's total export value over the same period. Among them, the export of electrical and electronic products was US$ 350.8 billion, an increase of 31%; the export of machinery and equipment was US$ 279.59 billion, an increase of 33%. In the same period, garment exports reached US$116.94 billion, an increase of 21.2%, which was 1.7 percentage points higher than the previous 10 months (the same below); exports of textile yarns, fabrics, and products were US$ 69.68 billion, an increase of 29.6%, an acceleration of 0.2%; shoe exports 322.1 Billion US dollars, an increase of 27.8%, accelerated by 1.4 percentage points.
Among import commodities, from January to November, imports of iron ore were 560 million tons, a decrease of 0.9%, the average import price was US$126.4 per ton, up 59.7%, and the import of primary-shaped plastics was 21.66 million tons, up 0.2%. The price was US$1814 per ton, up 25.8%; the import of steel was 15.02 million tons, down 7%, and the average import price was US$1,220 per ton, up 11%. During the same period, imported soybeans accounted for 49.37 million tons, an increase of 30.7%, and the average import price was 449.4 US dollars per ton, up 2.3%. In addition, the import of mechanical and electrical products was 596.88 billion U.S. dollars, an increase of 36.6%, of which 725,000 were imported cars, which was a double increase.

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