From January to July, the export of electronic devices increased by 130.8%

From January to July, the export of electronic devices increased by 130.8% According to statistics, China’s imports and exports of electronic information products continued to maintain rapid growth from January to July. Total import and export volume reached 757 billion U.S. dollars, an increase of 19.3%. The growth rate was higher than the national growth rate of total foreign trade by 10.8 percentage points, accounting for the total foreign trade volume of the country. 32.2%. Among them, exports reached US$440.2 billion, an increase of 17.0%, and the growth rate was 13.3 percentage points higher than that of the same period of last year. It was higher than the national foreign trade export growth rate by 7.5 percentage points and accounted for 35.5% of the total foreign trade exports. Imports of 316.8 billion U.S. dollars, an increase of 22.6%, an increase of 24.1% over the same period of last year, higher than the national foreign trade import growth rate of 15.3%, accounting for 28.5% of the country's foreign trade import value.

I. There is a large difference in the growth rate of imports and exports in major industries

In terms of exports, the electronic devices and communications equipment industry grew rapidly. The export value was 102.7 billion U.S. dollars and 92.4 billion U.S. dollars, an increase of 130.8% and 19.6%, and the growth rate was higher than the industry average of 113.8% and 2.6%; home appliances and electronic materials. Exports of electronic equipment and equipment were relatively stable, with export value of 57.3 billion U.S. dollars, 3.2 billion U.S. dollars, and 17.1 billion U.S. dollars, respectively, an increase of 15.9%, 9.2%, and 11.0%; exports of computers, electronic components, and broadcasting and television equipment declined. It was US$123.3 billion, US$40.4 billion, and US$3.8 billion, respectively, down 6.5%, 17.7%, and 34.2% year-on-year. The top five export products were laptops with 59.9 billion U.S. dollars, integrated circuits with 59 billion U.S. dollars, mobile phones with 47.5 billion U.S. dollars, liquid crystal display panels with 21.3 billion U.S. dollars, and handheld wireless phones with 18.7 billion U.S. dollars.

On the import side, the electronic devices, communications equipment, electronic equipment, and home appliance industries showed a growth trend, with import value of 184.1 billion U.S. dollars, 26.5 billion U.S. dollars, 24 billion U.S. dollars, and 11.3 billion U.S. dollars, up 62.5%, 38.0%, 7.8%, and 84.5 respectively. %; Imports of computers, electronic components, electronic materials, and radio and television equipment decreased year-on-year to US$33.9 billion, US$30.2 billion, US$4.4 billion, and US$2.3 billion, respectively, down 7.8%, 40.1%, 14.1%, and 54.4%.

Second, the growth rate of general trade exports accelerated, and the export of processing trade decreased year-on-year.
In terms of exports, the general trade of electronic information products exported 82.6 billion U.S. dollars, an increase of 20.6 percent, and the growth rate was 0.9 percentage points higher than that of January-June, which was 3.6 percentage points higher than the average level; the export value of processing trade was 274.2 billion U.S. dollars, which was a year-on-year decrease of 0.6%. Compared with January to June, it increased by 0.3 percentage points; of which, the import processing trade exports 255.1 billion U.S. dollars, up 0.9% year-on-year; the processing trade imports came to 19.1 billion U.S. dollars, down 17.0% year-on-year. Exports of warehousing re-exports in the Bonded Zone, bonded goods entering and leaving the bonded warehouses, and small-scale trade on the border grew rapidly, with growth rates of 182.4%, 33.8%, and 105.9%, respectively.

On the import side, the general trade of electronic information products imported 67.5 billion U.S. dollars, an increase of 17.7% year-on-year; the processing trade import was 144.1 billion U.S. dollars, an increase of 3.2%, of which, the imported processing trade imported 12.53 billion U.S. dollars, an increase of 5.8%; imports processing trade imports 187 Billions of dollars, down 11.4%. The import of warehousing re-exports in the bonded area grew rapidly, with an import value of 92.3 billion U.S. dollars, an increase of 87.2%.

Third, the rapid growth of domestic-funded enterprises' exports, and the relatively slow export of foreign-funded enterprises

In terms of exports, domestically-funded enterprises exported 130 billion U.S. dollars, an increase of 72.7% over the same period of last year, and the growth rate was 55.7 percentage points higher than the average. The proportion increased by 9.5 percentage points from the same period of last year. Among them, the export growth of private enterprises was outstanding, with an export value of 99.7 billion U.S. dollars. 117.6%, an increase of 100.6 percentage points above the average level. The total exports of foreign-funded enterprises were 310.2 billion U.S. dollars, an increase of 3.1%, and the growth rate was lower than the average level of 13.9%. Among them, foreign-funded enterprises exported 231.2 billion U.S. dollars, which was in line with the same period of last year; Sino-foreign joint ventures exported 75.5 billion U.S. dollars, up 13.5%; Chinese-foreign cooperative enterprises exported 3.5 billion U.S. dollars, up 8.1%.

On the import side, the foreign-owned enterprises’ imports amounted to US$155.2 billion, down 1.0% year-on-year; Chinese-foreign joint ventures imported US$54.2 billion, up 18.8%; Sino-foreign cooperative enterprises imported US$600 million, up 26.3% year-on-year; and the import growth of private enterprises ranked first. Imports amounted to US$85.2 billion, an increase of 142.7% year-on-year, and the growth rate was 120.1 percentage points higher than the average level.

Fourth, the export situation of major trading partners is different, and exports to the European market continue to weaken

On the export side, the growth rate of the top five trading partners is quite different. For Hong Kong's 141.6 billion U.S. dollars, 54.4% maintains a relatively rapid growth, with an average growth rate above the average of 37.4 percentage points; against the U.S. at 74.7 billion U.S. dollars, 27.4 billion U.S. dollars, and 223 South Korea The growth in exports of billions of U.S. dollars and the Netherlands’ 18.7 billion U.S. dollars was slow, and the growth rate was below the average. Exports to some emerging market countries have maintained relatively rapid growth, such as Vietnam, Mexico, and South Africa, with growth rates of 109.6%, 20.9%, and 37.0%, respectively. Exports to the European market continued to be weak. For example, exports to Germany, France and Italy all declined by 15.6%, 17.4% and 15.7% respectively.

In terms of imports, with the exception of re-importation, the countries and regions with the top five import destinations are the Taiwan region of China, and South Korea, Japan, Malaysia, and the United States. The import value is respectively 66.5 billion U.S. dollars, 56.7 billion U.S. dollars, 30.2 billion U.S. dollars , 21.9 billion US dollars and 17.2 billion US dollars, an increase of 52.4%, 23.6%, -6.1%, 7.0% and 77.2%.

V. Exports from the eastern provinces and cities are relatively flat, and some provinces in the central and western regions have grown faster
In terms of exports, the five provinces and cities in Guangdong, Jiangsu, Shanghai, Zhejiang, and Chongqing ranked the top five in terms of exports, reaching US$202.1 billion, US$79.4 billion, US$51.5 billion, US$13.9 billion, and US$12.7 billion, respectively, an increase of 30.9% and 2.1% year-on-year. %, -5.1%, -1.1%, and 61.8%. Except for Guangdong and Chongqing, the growth rate of exports of the other three provinces and cities was below average. Exports from the central and western provinces and cities such as Shaanxi, Anhui, and Shanxi grew rapidly, with growth rates of 73.9%, 45.7%, and 213.7%, respectively.

On the import side, imports from Guangdong, Jiangsu, Shanghai, Tianjin, and Beijing ranked the top five, with imports of 147.5 billion U.S. dollars, 51.1 billion U.S. dollars, 41.7 billion U.S. dollars, 12.7 billion U.S. dollars, and 10 billion U.S. dollars, up 43.2% year-on-year. 2.4 %, -2.1%, 20.8%, and 2.9%.

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