Wang Ye said Finance News: On Wednesday (7th), the General Administration of Customs of China released the latest November foreign trade data.
Specific data, in the first 11 months of this year, China's total foreign trade volume was 38.34 trillion yuan , and increased by 8.6% year-on-year compared with last year; the latest trade surplus 5.34 trillion yuan, and increased by 42.8% year-on-year. According to the import and export data of
, from January to November, China's cumulative exports were 21.84 trillion yuan, a year-on-year increase of 11.9%; during the same period, China's cumulative imports were 16.5 trillion yuan, a year-on-year increase of 4.6%.
From the perspective of foreign trade types, in the first 11 months, China's general trade was 24.47 trillion yuan, a year-on-year increase of 12.4%; in addition, processing trade was 7.74 trillion yuan, a year-on-year increase of 1.3%; in the end, import and export trade was 4.77 trillion yuan, a year-on-year increase of 8.4%.
After reading China's overall foreign trade situation, let's take a look at China's main trading partners.
Wang Ye said that finance noticed that First of all, data shows that ASEAN continues to surpass EU , becoming China's largest foreign trade partner.
According to the specific data, in the first 11 months, the total foreign trade volume of China and ASEAN was 5.89 trillion yuan, an increase of 15.5% year-on-year. According to the import and export data of
, from January to November, China's cumulative exports to ASEAN were 3.42 trillion yuan, an increase of 22.2%; cumulative imports from ASEAN were 2.47 trillion yuan, an increase of 7.4%; in the end, the trade surplus with ASEAN was 954.14 billion yuan, an increase of 90.4%.
Secondly, the EU continues to rank as China's second largest trading partner.
According to the specific data, in the first 11 months, the total foreign trade volume of China and the EU was 5.17 trillion yuan, an increase of 7% year-on-year. According to the import and export data of
, China's cumulative exports to the EU in the first 11 months were 3.44 trillion yuan, a year-on-year increase of 14.3%; during the same period, a cumulative imports from the EU were 1.73 trillion yuan, a decrease of 5%; in the end, the trade surplus with the EU was 1.71 trillion yuan, an increase of 44%.
Once again, the United States has become China's third largest trading partner. From a single country, the United States is still China's largest foreign trade country.
According to the specific data, in the first 11 months, the total foreign trade volume of China and the United States was 4.62 trillion yuan, an increase of 4.8% year-on-year. According to the import and export data of
, from January to November, China's cumulative exports to the United States were 3.55 trillion yuan, a year-on-year increase of 5.8%; cumulative imports from the United States were 1.07 trillion yuan, an increase of 1.8%; the final trade surplus with the United States was 2.48 trillion yuan, an increase of 7.6%.
Finally, the data also shows that South Korea continues to surpass Japan and becomes China's fourth largest trading partner. According to the specific data of
, the total foreign trade volume of China and South Korea was 2.22 trillion yuan in the first 11 months, an increase of 4.7% year-on-year; the trade deficit with South Korea was 6235.05 billion yuan, narrowing by 39.5%.
On the contrary, in the first 11 months, the total foreign trade volume of China and Japan was 2.18 trillion yuan, a year-on-year decrease of 0.7%.
What do you think about this? What do you think will happen to China's foreign trade next? What will happen to the situation in various countries?
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