Year-On-Year Decline In Exports Expanded In June
On July 13, data released by the General Administration of Customs showed that China's total import and export value in the first half of this year was 2.92 trillion US dollars, a year-on-year decrease of 4.7%. Among them, exports were US$1.66 trillion, down 3.2%; imports were US$12547.4 trillion, down 6.7%; trade surplus was US$408.69 billion, up 6.03%. In RMB terms, the total import and export value was 20.1 trillion yuan, a year-on-year increase of 2.1%, of which exports were 11.46 trillion yuan, a year-on-year increase of 3.7%; imports were 8.64 trillion yuan, a year-on-year decrease of 0.1%.
Specifically, in June, China's total import and export value was US$500.02 billion in US dollars, a year-on-year decrease of 10.1%. Among them, exports were US$285.32 billion, a year-on-year decrease of 12.4%; imports were US$214.70 billion, a year-on-year decrease of 6.8%, and the trade surplus was US$70.62 billion, a decrease of 27.89%.
Calculated in RMB, the total value of imports and exports in June was 3.49 trillion yuan, a year-on-year decrease of 6.0%. Among them, the total export value was 1.99 trillion yuan, a year-on-year decrease of 8.3%, the total import value was 1.50 trillion yuan, a decrease of 2.6%, and the trade surplus was 491.25 billion yuan, a decrease of 24.44%.
Lu Daliang, spokesperson of the General Administration of Customs and director of the Statistics and Analysis Department, said that the current development of China's foreign trade is generally stable, and it seems to be going "slowly" year-on-year. The chain growth has also increased in the last two consecutive months, and the stable development is supported.
"With regard to foreign trade in the second half of the year, we feel both pressure and confidence. At present, inflation in major developed economies is still at a high level, geopolitical conflicts continue, and short-term external demand is insufficient to pick up momentum. my country's foreign trade is still under great pressure to stabilize growth. But at the same time We have seen that my country's economy has strong resilience, great potential, and long-term positive fundamentals have not changed. With the continuous efforts of a series of policy measures, we are confident, have the foundation, and have the conditions to achieve the goal of promoting stability and improving quality of imports and exports." Lu Daliang said.