2018 China’s total import and export volume exceeded 30 trillion RMB

2018 China's total import and export volume exceeded 30 trillion RMB

The State Council held a press conference on the operation of the national economy in 2018. Ning Jiyu, director of the National Bureau of Statistics, introduced at the press conference that the total import and export of goods in 2018 was 3,050.5 billion RMB, an increase of 9.7% over the previous year; the total volume of trade exceeded 30 trillion RMB for the first time, a record high. Imports and exports to the United States increased by 5.7%.
Ning Jizhen said that in 2018 China’s total import and export volume reached a record high and the trade structure was continuously optimized. The total import and export volume of goods for the year was 3,050.5 billion RMB, an increase of 9.7% over the previous year; the total volume of trade exceeded 30 trillion RMB for the first time, a record high; the number of growth, structural optimization, and the goal of stable import and export are better achieved.

Among them, exports were 1,641.7 billion RMB, an increase of 7.1%; imports were 1,407.4 billion RMB, an increase of 12.9%. The import and export offset, the surplus was 2,330.3 billion RMB, which was 18.3% narrower than the previous year. The proportion of general trade imports and exports to total imports and exports was 57.8%, an increase of 1.4 percentage points over the previous year. Exports of mechanical and electrical products increased by 7.9%, accounting for 58.8% of total exports, an increase of 0.4 percentage points over the previous year.
China’s import and export of major trading partners increased, with imports and exports to the EU, the US and ASEAN increasing by 7.9%, 5.7%, and 11.2% respectively. The import and export of countries along with the “Belt and Road” increased well, and the countries along the “Belt and Road” increased. Import and export increased by 13.3%, which was 3.6 percentage points higher than the total import and export volume of goods. The export delivery value of industrial enterprises above designated size reached 1,239.3 billion RMB, an increase of 8.5% over the previous year.

The State Council held a press conference on the operation of the national economy in 2018. Ning Jiyu, director of the National Bureau of Statistics, introduced at the press conference that the total import and export of goods in 2018 was 3,050.5 billion RMB, an increase of 9.7% over the previous year; the total volume of trade exceeded 30 trillion RMB for the first time, a record high. Imports and exports to the United States increased by 5.7%.

Ning Jizhen said that in 2018 China’s total import and export volume reached a record high and the trade structure was continuously optimized. The total import and export volume of goods for the year was 3,050.5 billion RMB, an increase of 9.7% over the previous year; the total volume of trade exceeded 30 trillion RMB for the first time, a record high; the number of growth, structural optimization, and the goal of stable import and export are better achieved.

Among them, exports were 1,641.7 billion RMB, an increase of 7.1%; imports were 1,407.4 billion RMB, an increase of 12.9%. The import and export offset, the surplus was 2,330.3 billion RMB, which was 18.3% narrower than the previous year. The proportion of general trade imports and exports to total imports and exports was 57.8%, an increase of 1.4 percentage points over the previous year. Exports of mechanical and electrical products increased by 7.9%, accounting for 58.8% of total exports, an increase of 0.4 percentage points over the previous year.

China’s import and export of major trading partners increased, with imports and exports to the EU, the US and ASEAN increasing by 7.9%, 5.7% and 11.2% respectively. The import and export of countries along the “Belt and Road” increased well, and the countries along the “Belt and Road” increased. Import and export increased by 13.3%, which was 3.6 percentage points higher than the total import and export volume of goods. The export delivery value of industrial enterprises above designated size reached 1,239.3 billion RMB, an increase of 8.5% over the previous year.

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