Total value of exports and imports down by 9.6% in first two months of 2020

According to customs statistics, the total value of China’s trade in goods worldwide reached 4.12 trillion yuan, a decrease of 9.6% over the same period last year. Among them, the exports reached 2.04 trillion yuan, a decrease of 15.9%. The imports were 2.08 trillion yuan, a decrease of 2.4%.

According to customs statistics, the total value of China’s trade in goods worldwide reached 4.12 trillion yuan, a decrease of 9.6% over the same period last year. Among them, the exports reached 2.04 trillion yuan, a decrease of 15.9%. The imports were 2.08 trillion yuan, a decrease of 2.4%.

From the figures, the country’s imports have exceeded its exports with a trade deficit of 42.59 billion yuan. In the same period last year, it was a surplus of 293.48 billion yuan.

In terms of US dollars, China ’s total value of imports and exports in the first two months was US $ 591.99 billion, a decrease of 11%. The exports were US $ 299.45 billion, down by 17.2%. The imports were US $ 299.54 billion, down by 4%. The trade deficit reached US $ 7.09 billion, and last year’s surplus was US $ 41.45 billion.

The proportion of general trade continued to increase in the first two months, which made up 60.6% of the total, an increase of 0.3 percentage points year-on-year. The import and export value of general trade amounted to 2.5 trillion yuan, a decrease of 9.2%. Among them, the exports were 1.19 trillion yuan, down 16.6%. The imports were 1.31 trillion yuan, down 1.2%. The trade deficit reached 124.35 billion yuan, and last year, it was a surplus of 96.22 billion yuan.

The exports and imports of processing trade accounted for 23.1% of the total business, with a decrease of 1.9 percentage points and a total value of 954.54 billion yuan, down by 16.4% compared to last year. Among them, exports were 575.5 billion yuan, down 20.9%, and imports were 379.04 billion yuan, down 8.5%. The trade surplus amounted to 196.45 billion yuan, 37.3% less than last year.

The value of imports and exports by bonded logistics climbed to 500.17 billion yuan, an increase of 0.2%, making up 12.1% of the total trade. Among them, the exports were 151.16 billion yuan, down 8.2%. The imports were 349.01 billion yuan, up 4.3%.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/07/total-value-of-exports-and-imports-down-by-9-6-in-first-two-months-of-2020/.

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