Development trend of import and export trade in the first half of 2021

According to customs statistics, the total import and export value of China's goods trade in the first half of this year was 18.07 trillion yuan, an increase of 27.1% over the same period last year. Among them, the export was 9.85 trillion yuan, an increase of 28.1%; Imports reached 8.22 trillion yuan, an increase of 25.9%. Compared with the same period in 2019, import and export, export and import increased by 22.8%, 23.8% and 21.7% respectively.


Imports and exports have been growing year-on-year for 13 consecutive months. In June 2021, China's foreign trade import and export reached 3.29 trillion yuan, with a year-on-year increase of 22%. Since June 2020, China has achieved positive year-on-year growth for the 13th consecutive month.


The import and export growth momentum with major trading partners is good. In the first half of the year, China's imports and exports to ASEAN, the European Union and the United States, the top three trading partners, were 2.66 trillion yuan, 2.52 trillion yuan and 2.21 trillion yuan respectively, an increase of 27.8%, 26.7% and 34.6% respectively; Imports and exports to Japan reached 1.18 trillion yuan, an increase of 14.5%. One belt, one road, and RCEP trading partners grew by 27.5% and 22.7% respectively.


The import and export of general trade grew rapidly. In the first half of the year, China's general trade import and export reached 11.19 trillion yuan, an increase of 30.7%, accounting for 61.9% of China's total foreign trade, an increase of 1.7 percentage points over the same period last year; Among them, the export was 6.02 trillion yuan, an increase of 32.1%; Imports reached 5.17 trillion yuan, an increase of 29.2%. In the same period, the import and export of processing trade reached 3.89 trillion yuan, an increase of 15.8%, accounting for 21.5%.


The position of private enterprises as the main force has been further consolidated. In the first half of the year, the import and export of China's private enterprises reached 8.64 trillion yuan, an increase of 35.1%, accounting for 47.8% of China's total foreign trade, an increase of 2.8 percentage points over the same period last year, and continued to rank as the largest foreign trade operator in China. Over the same period, the import and export of foreign-invested enterprises reached 6.61 trillion yuan, an increase of 19%; The import and export of state-owned enterprises reached 2.75 trillion yuan, an increase of 23.8%.


The export proportion of mechanical and electrical products increased. In the first half of the year, China exported 5.83 trillion yuan of mechanical and electrical products, an increase of 29.5%, accounting for 59.2% of the total export value, an increase of 0.6 percentage points over the same period last year; Among them, the export of automatic data processing equipment and its parts, mobile phones and automobiles increased by 17%, 23.3% and 101.4% respectively. Over the same period, the export of labor-intensive products increased by 17.1%, and the export of pharmaceutical materials and drugs increased by 93.6%.


Imports of iron ore, natural gas and other bulk commodities increased. In the first half of the year, China imported 561 million tons of iron ore, an increase of 2.6%; 59.819 million tons of natural gas, an increase of 23.8%; Soybean 48.955 million tons, an increase of 8.7%; 15.302 million tons of corn, an increase of 318.5%; 5.368 million tons of wheat, an increase of 60.1%. In the same period, 261 million tons of crude oil were imported, a decrease of 3%.