China News Service, Beijing, November 7. China's foreign trade is still picking up.
The latest data released by the General Administration of Customs of China on the 7th showed that China’s import and export volume of goods trade in October was 2.84 trillion yuan (RMB, the same below), a year-on-year increase of 4.6%.
Among them, exports increased by 7.6%; imports increased by 0.9%.
In the first 10 months, the total value of China's import and export of goods trade was 25.95 trillion yuan, an increase of 1.1%, and the growth rate was 0.4% faster than the previous three quarters.
Among them, exports increased by 2.4%, an increase of 0.6 percentage points over the first three quarters; imports fell by 0.5%, and the rate of decline narrowed 0.1 percentage points over the first three quarters.
During the same period, China's imports and exports to the top five trading partners of ASEAN, the European Union, the United States, Japan and South Korea all achieved growth.
Among them, the bilateral trade growth rate between China and ASEAN was the highest, reaching 7%; the Sino-US trade growth rate was the second, reaching 3.9%.
China's export of "fist products" mechanical and electrical products and textiles continued to grow.
According to official data, China's exports of mechanical and electrical products increased by 3.8% in the first 10 months, accounting for 59% of total exports.
Among them, exports of automatic data processing equipment and their parts and components increased by 10.5%; mobile phones decreased by 4.6%; automobiles (including chassis) decreased by 6.7%.
During the same period, China's exports of textiles, including masks, increased by 34.8%.
In terms of imports, imports of crude oil, soybeans and other commodities increased in volume and prices fell.
From January to October, China imported 459 million tons of crude oil, an increase of 10.6%; imported soybeans of 83.217 million tons, an increase of 17.7%.
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