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In the first 10 months of 2022, China's import and export grew by 9.5% year-on-year

Nov 11, 2022

Xinhua News Agency, Beijing, November 8 The Economic Information Daily published an article on November 8, "China's import and export grew 9.5% year-on-year in the first 10 months". The article said that on November 7, the General Administration of Customs released data showing that in the first 10 months of this year, China's total import and export value was 34.62 trillion yuan, an increase of 9.5% over the same period last year (the same below). Among them, the export reached 19.71 trillion yuan, up 13%; Imports reached 14.91 trillion yuan, up 5.2%; The trade surplus was 4.8 trillion yuan, an increase of 46.7%.

In October, China's total import and export value was 3.55 trillion yuan, up 6.9%. Among them, the export reached 2.07 trillion yuan, up 7%; Imports reached 1.48 trillion yuan, up 6.8%; The trade surplus was 586.81 billion yuan, an increase of 7.6%.

Li Kuiwen, Director of the Statistics and Analysis Department of the General Administration of Customs, said that since this year, the state has introduced a series of policies and measures to protect market entities, and the customs has also introduced a number of measures to help enterprises rescue, which has effectively stimulated the market vitality of foreign trade enterprises, especially the import and export performance of private enterprises is better than the whole. In the first 10 months, the total import and export value of China's private enterprises accounted for more than half of the total, and the growth rate of import and export was 4.9 percentage points higher than the overall growth rate of national foreign trade.

According to customs statistics, in the first 10 months, the import and export of private enterprises reached 17.44 trillion yuan, an increase of 14.4%, accounting for 50.4% of China's total foreign trade value, 2.2 percentage points higher than the same period last year; The import and export of foreign-invested enterprises reached 11.56 trillion yuan, up 1.5%, accounting for 33.4% of China's total foreign trade value; The import and export of state-owned enterprises reached 5.55 trillion yuan, up 14.5%, accounting for 16% of China's total foreign trade value.

The data also shows that in the first 10 months of this year, China's imports and exports to ASEAN, the EU, the United States and South Korea increased by 15.8%, 8.1%, 6.8% and 6.5% year on year respectively. ASEAN continues to be China's largest trading partner, accounting for 15.2% of China's total foreign trade.

Over the same period, China's imports and exports to countries along the "the Belt and Road" totaled 11.23 trillion yuan, up 20.9%. Among them, the export reached 6.38 trillion yuan, up 21.4%; Imports reached 4.85 trillion yuan, up 20.3%.