General Administration of Customs released data yesterday that the import and export value in August reached 2.17 trillion yuan (equivalent to $ 352.7 billion), with an increase of 7.1% excluding the currency factors. Among the exports, electrical and electronic exports reached $ 47.18 billion, with an increase of 13.9% and the highest growth rate.
Data showed that in August exports reached 1.17 trillion yuan (equivalent to $ 190.61 billion), with an increase of 7.2%, maintaining the upward trend; imports 1 trillion yuan (equivalent to $ 162.09 billion), with an increase of 7%; trade surplus was 176.32 billion yuan (equivalent to $ 28.52 billion), with an expansion of 8.4%.
Among exports, exports of electromechanical products remained steady growth. Textiles, garments and other traditional labor-intensive exports had a good growth momentum. In August, China's export of electromechanical products reached $106.45 billion, with an increase of 6.7%, accounting for 55.9% of total exports. Among them, the electrical and electronics exports reached $ 47.18 billion, with an increase of 13.9 percent; machinery equipment $ 32.04 billion, with an increase of 7.6%.
Among imports, China imported 69.01 million tons of iron ore in August, with an increase of 10.6 percent. Average imports price reached $ 118.8 per ton, with a decrease of 7.7%. Imports of machinery and electronic products reached $ 72.26 billion, with an increase of 0.6%.
Bilateral trade with major trading partners remained a general growth, while imports and exports with Japan declined. In August, bilateral trade with Europe reached $ 51.03 billion, with an increase of 3.2%. Bilateral trade with America amounted to $ 45.4 billion, with an increase of 9.2%. In August, bilateral trade with ASEAN amounted to $ 36.58 billion, with an increase of 13.3%. Bilateral trade between Mainland and Hong Kong amounted to $ 31.82 billion, with an increase of 5.8%. Sino-Japanese bilateral trade amounted to $ 26.17 billion, with a decrease of 6%, which is the only decrease among the Top ten largest trading partners. In addition, Sino-Russian trade amounted to $ 7.74 billion, with an increase of 3.6%.