CHINA China's foreign trade up 28.5 pct in Jan.-April

CHINA

China's foreign trade up 28.5 pct in Jan.-April

People's Daily app

11:11, May 07, 2021

Cargos are unloaded from a container ship at the container terminal of the Lianyungang Port in East China's Jiangsu province, on Jan 14, 2021. (Photo: Xinhua)

China's total imports and exports expanded 28.5 percent year on year to 11.62 trillion yuan (about 1.8 trillion U.S. dollars) in the first four months of 2021, official data showed Friday.

This marks an increase of 21.8 percent from the pre-epidemic level in 2019, the General Administration of Customs said.

Exports jumped 33.8 percent from a year earlier while imports climbed 22.7 percent in yuan terms.

The trade surplus increased 149.7 percent to reach 1.02 trillion yuan in the January-April period.

The country's imports and exports totaled 3.15 trillion yuan in April alone. This marks a year-on-year increase of 26.6 percent and month-on-month growth of 4.2 percent.

In April, the trade surplus narrowed 12.4 percent from a year earlier to 276.5 billion yuan.

Imports and exports to major trading partners such as ASEAN, the European Union and the United States have increased. The total trade value between China and its largest trading partner ASEAN rose 27.6 percent to reach 1.72 trillion yuan, accounting for 14.8 percent of China's total foreign trade value.

The trade value between China and the second largest trading partner EU marked a growth of 32.1 percent to 1.63 trillion yuan, occupying 14 percent. The total trade value between China and the third largest trading partner US rose 50.3 percent to 1.44 trillion yuan, accounting for 12.4 percent.

Japan is China's fourth largest trading partner. The total value increased 16.2 percent to 770.64 billion yuan, accounting for 6.6 percent. In the same period, China’s total trade with countries along the Belt and Road reached 3.43 trillion yuan, an increase of 24.8 percent.

The value and proportion of imports and exports of private enterprises have increased. The imports and exports of private enterprises rose 0.8 percent to 5.48 trillion yuan, up 4.1 percentage points over the same period last year to 47.2 percent of China's total foreign trade value.

In the same period, the imports and exports of foreign-invested enterprises increased by 20.3 percent to 4.32 trillion yuan, accounting for 37.2 percent of China's total foreign trade value. In addition, imports and exports of state-owned enterprises climbed 16.2 percent to 1.77 trillion yuan, accounting for 15.2 percent of China's total foreign trade value.

(With imput from Xinhua)


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