According to customs statistics, in January this year, China’s total value of import and export of goods trade was 2.73 trillion yuan, an increase of 8.7% over the same period last year (the same below). Among them, exports increased by 13.9% to 1.5 trillion yuan, imports by 1.23 trillion yuan, an increase of 2.9%, and trade surplus by 27.116 billion yuan, an increase of 1.2 times.

Priced in US dollars, China’s total import and export value in January was US$395.98 billion, an increase of 4%. Among them, $217.57 billion in exports, an increase of 9.1%, $178.41 billion in imports, a decrease of 1.5%, and $39.16 billion in trade surplus, an increase of 1.1 times.

General trade has grown rapidly and its share has increased. In January, China’s general trade imports and exports reached 1.66 trillion yuan, an increase of 13%, accounting for 60.9% of the total value of our foreign trade, an increase of 2.3 percentage points over the same period last year. Among them, exports amounted to 896.3 billion yuan, an increase of 20.9%; imports amounted to 766 billion yuan, an increase of 5%; and trade surplus amounted to 130.3 billion yuan, an increase of 10 times. In the same period, the import and export of processing trade dropped by 0.9% to 680.7 billion yuan, accounting for 24.9% and by 2.4 percentage points. Among them, exports amounted to 435.86 billion yuan, an increase of 3%; imports amounted to 244.84 billion yuan, a decrease of 7%; and trade surplus amounted to 191.02 billion yuan, an increase of 19.5%. In addition, China imports and exports 279.73 billion yuan by means of bonded logistics, an increase of 9.3%, accounting for 10.2% of the total value of our foreign trade. Among them, exports amounted to 90.69 billion yuan, an increase of 13.9%, while imports amounted to 189.04 billion yuan, an increase of 7.2%.

Among them, crude oil, natural gas and other commodities imports increased, iron ore and soybean imports decreased, and the average price of commodity imports rose and fell. In January, China imported 91.26 million tons of iron ore, a decrease of 9.1%, the average import price was 511.3 yuan per ton, an increase of 7.4%; crude oil 42.6 million tons, an increase of 5.1%, the average import price was 3021.1 yuan per ton, a decrease of 3.1%; coal 33.5 million tons, an increase of 19.5%, the average import price was 576.4 yuan per ton, an increase of 3.68 million tons; soybean 7.38 million tons, a decrease of 13%, the average import price was 3101.5 yuan per ton, an increase of 12.1%; natural gas 9.1 million tons. The average import price increased by 26.8% to 3416.2 yuan per ton, up by 30.8%; the average import price of refined oil increased by 17.5%, and the average import price was 3681.7 yuan per ton, up by 4.1%; the average import price of plastics in primary shape increased by 7.4%, and the average import price was 104,000 yuan per ton, down by 7.3%; the average import price of steel was 118,000 tons, down by 1%, and the average import price was 8178.3 yuan per ton, down by 0.6%; the average import of unwroughed copper and copper was 480,000 tons, up by 0,000 tons. The average import price was 44.9 million yuan per ton, down 8.5%. In addition, the import of mechanical and electrical products was 519.63 billion yuan, down by 1.6%; of which 32.42 billion integrated circuits, down by 9.7%, value of 16.02 billion yuan, down by 35%; 80,000 cars, down by 12.3%, value of 27.82 billion yuan, down by 1%.